JSW Steel has received approval to raise funds not exceeding Rs 10,000 crore. In this regards, the company will issue Secured/Un-secured, Redeemable, Non-Convertible Debentures (NCDs) by way of private placement and/or by way of public issuance, in one or more tranches, in the domestic market, majorly to replace short term loans, meet long term working capital requirements, requirements for normal and/or approved capital expenditure / reimbursement of CAPEX already incurred and/ or for general corporate purposes. The Board of Directors of the Company at its meeting held on July 26, 2019 has approved the same.
JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.
