SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Jindal Steel raises $475 m via takeout financing

22 Aug 2011 Evaluate

Jindal Steel & Power, a steel maker and power generator, has raised $475 million (about Rs. 2,137 crore) through the takeout financing route, to part finance expansion plans overseas, making it one of the largest such transactions by an Indian company. The Delhi-based company, which is part of the OP Jindal Group, has raised the loan at 225 basis points over the Libor, for a tenor of five years, with 10 large banks participating in the transaction. The banks include Standard Chartered, DBS, Citibank, Bank of Tokyo Mitsubishi, Mizuho, Barclays, RBS, ANZ, Credit Agricole and JP Morgan.

Jindal Steel acquired Shadeed Iron and Steel in May 2010 from Abu-Dhabi’s Al Ghaith Holdings for $464 million and had also indicated that it would invest around $500 million to expand Shadeed’s facilities. The capacity will be expanded from 1.5 million tonne to about 5 million tonnes by 2015-16. The main reason for acquiring Shadeed was easy availability of gas. The acquisition is a key move in the international strategic expansion for Jindal Steel. Currently, Jindal Steel has an annual capacity of 3 mn tonnes in Chhattisgarh, which is proposed to be doubled at about Rs. 10,000 crore. The company is also investing an estimated Rs. 44,000 crore on two new plants in Orissa and Jharkhand.crackcrack

Jindal Steel Share Price

1269.50 45.65 (3.73%)
17-Apr-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×