JSW Steel’s Board has approved the raising of Long Term Funds subject to applicable regulatory approvals and market conditions, through issuance of Secured/Un-secured, Redeemable, Non-Convertible Debentures (NCDs) not exceeding Rs 10,000 crore, by way of private placement and/or by way of public issuance, in one or more tranches, in the domestic market, to be used, inter alia, to replace short maturity loans, meet long term working capital requirements, capital expenditure / reimbursement of capex already incurred and/ or for general corporate purposes.
The Board has also authorised the Finance Committee of Directors to decide on all matters relating to the aforesaid proposed issuance including finalisation and approval of the detailed terms and conditions of issue and the number of Debentures to be issued.
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.
| Company Name | CMP |
|---|---|
| Tata Steel | 212.05 |
| JSW Steel | 1279.60 |
| SAIL | 175.05 |
| Jindal Stainless | 787.90 |
| APL Apollo Tubes | 2107.15 |
| View more.. | |
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