In a bid to increase its steel making capacity to 14 million tonnes, Jindal Steel and Power (JSPL) is planning to invest Rs 23,000 crore in next three years. Of total of Rs 23,000 crore, the company will raise Rs 12,000 crore through debt, while rest will be funded from internal accruals.
Of the total investment, about Rs 14,000 crore will be invested on the company’s upcoming 6 million tonne (MT) steel plant. Besides, the company will be utilising about Rs 9,000 crore on it’s another greenfield venture, having 3 MT capacity, in Jharkhand’s Patratu and on expanding its Oman plant by another 2 MT.
JSPL is a part of Jindal Group and is a leading player in Steel, Power, Mining, Oil & Gas and Infrastructure. The company produces economical and efficient steel and power through backward integration from its own captive coal and iron-ore mines and passes on the benefits to its customers.
