JSPL to raise $150 mn through borrowing

Jindal Steel & Power Ltd plans to raise $150 million (Rs 764 crore) through overseas borrowing in the next two weeks. "The company is looking at overseas borrowing. Currently, we are working for (raising) $150 million," Director and Group CFO Sushil Maroo said on Tuesday. "We have almost closed it and are in the final stages of document preparation. We will be closing it in the next fortnight," he told reporters on the sidelines of an Assocham conference. Regarding the capital expenditure plans for the next fiscal, Maroo said JSPL expects to spend about Rs 6,000- 8,000 crore.