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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).

SAIL Share Price

172.90 -0.60 (-0.35%)
20-Apr-2026 10:48 View Price Chart
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Company Name CMP
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