JSW Steel Ltd.

JSW Steel has informed that the Board of Directors of the Company at its meeting held on July 27, 2016, has approved the raising of Long Term Funds through Issuance of Non-Convertible foreign currency/Rupee denominated Senior Unsecured Fixed Rate Bonds up to $750 Million (the Bonds), in one or more tranches, in the international market(s) either by the Company or by any of its overseas subsidiaries backed by corporate guarantee of the Company.

The above information is a part of company’s filings submitted to BSE.