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JSW Steel raises Rs 875 crore via NCDs

23 Dec 2022 Evaluate

JSW Steel has raised Rs 875 crore through the allotment of 8,750 unsecured, listed, redeemable, rated, nonconvertible debentures (NCDs) bearing a face value of Rs 10,00,000 each, issued to the investors identified by the Committee at its meeting held on December 22, 2022. The Finance Committee of the Board of Directors of the Issuer (Committee) at its meeting held on December 23, 2022 has approved and allotted 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 1187.00
Tata Steel 167.25
Steel Authority 165.00
Jindal Stainless 688.40
APL Apollo Tubes 2021.00
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