JSW Steel Ltd.

JSW Steel has received approval for issuance of fixed rate senior unsecured notes aggregating to $400 million and has approved the pricing, tenure and other terms of the notes. The company intends to use all the proceeds for capital expenditure or any other purpose in accordance with the ECB guideline.

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.