JSW Steel Ltd.

JSW Steel, India’s leading steel manufacturer, is planning to invest Rs 12,000 crore to increase its production capacity from current 14.3 million tonnes a year to 18 million tonnes a year. The company is also planning to invest in backward integration projects and cost reduction. Further, the company is seeking shareholders' approval to issue non-convertible foreign currency denominated bonds worth $2 billion (about Rs 12,000 crore) in the overseas capital market, and Rs 4,000 crore through the issue of warrants to qualified institutional buyers.

JSW Steel is part of the JSW group which, in turn, is a part of the O P Jindal group. 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.