JSW Steel Ltd.

JSW Steel’s board has approved plans to raise funds up to Rs 17,000 crore through the issuance of various securities and tap the international markets to mop up $1 billion. An amount totaling Rs 17,000 crore is proposed to be raised through the issuance of convertible securities and non-convertible debentures (NCDs), among other instruments.

Besides, the board has approved a proposal to raise $1 billion through the issuance of non-convertible senior unsecured fixed-rate bonds in the international markets.

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.