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SAIL to raise $350 million from overseas market

12 Sep 2017 Evaluate

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).

Peers
Company Name CMP
JSW Steel 1251.20
Tata Steel 169.50
Steel Authority 161.20
Jindal Stainless 683.10
APL Apollo Tubes 2199.85
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