Country's largest steel maker SAIL is planning to raise $350 million from overseas market. Moreover, the borrowing would have a tenure of seven years. The money raised will be used by the steel maker to meet expenditure on capital schemes, including modernisation and expansion.
Meanwhile, the company has entered into a pact with State Bank of India (SBI) for arranging the amount via external commercial borrowings (ECB).
| Company Name | CMP |
|---|---|
| Tata Steel | 211.10 |
| JSW Steel | 1248.20 |
| SAIL | 172.55 |
| Jindal Stainless | 783.25 |
| APL Apollo Tubes | 2107.00 |
| View more.. | |
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