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JSW Steel raises Rs 1000 crore through NCDs

05 Jun 2020 Evaluate

JSW Steel has raised Rs 1000 crore through rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) and allotted 10,000, 8.50% NCDs bearing a face value of Rs 10 lakh on private placement at par to the investor identified. The Committee of Directors of the Issuer at its meeting held on June 05, 2020 has allotted and 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.

Peers
Company Name CMP
JSW Steel 1230.00
Tata Steel 183.40
Steel Authority 173.15
Jindal Stainless 724.60
APL Apollo Tubes 2115.85
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