 "steel")
Sajjan Jindal-led JSW Steel will be raising up to $1 billion via the issuance of non-convertible foreign currency/rupee denominated senior unsecured fixed rate bonds to up capacity at its Vijayanagar steel plant in Karnataka.
“The entire amount will be used for capex where Vijayanagar steel plant capacity will be increased to 18 million tonnes from current 13 million,” sources close to the development told Business Standard today.
Funds will be raised in one or more tranches, in the international market either by JSW Steel or by any of its overseas subsidiaries backed by a corporate guarantee of the company, informed JSW via
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