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Tata Steel gets nod to raise Rs 3,000 crore via NCDs

14 Feb 2025 Evaluate

Tata Steel has received approval for issuance of 3,00,000 Fixed Rate, Unsecured, Redeemable, Rated, Listed, non-convertible debenture (NCDs) of face value Rs 1,00,000 each aggregating to Rs 3,000 crore to eligible investors on a Private Placement basis. The Board of Directors of the company at its meeting held on February 14, 2025, considered and approved the same. 

Tata Steel, the flagship company of the Tata group, is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.


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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