JSW Steel has received approval from Board of Directors for issuance of Secured/Un-secured, Redeemable, Non-Convertible Debentures (NCDs) not exceeding Rs 5,000 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 of directors of the company at its meeting held on May 23, 2025 has 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.
