JSW Steel to raise funds for expansion, acquisitions

JSW Steel to raise funds for expansion, acquisitions
27/05/2019 , by , in ALLIED

JSW Steel plans to raise about ₹14,000 crore via equity share sale and debentures to fund expansion and acquisitions, as it plans to step up its steel-making capacity to 24 million tonnes per annum (MTPA) by 2022 through brownfield expansions at a cost of ₹48,715 crore.

The expansion includes doubling the capacity of JSW Steel’s Dolvi plant to 10 MTPA, capacity expansion of CRM-1 complex at Vijayanagar works, modernisation-cum-capacity enhancement at downstream facilities of JSW Steel Coated Products and strategic cost savings projects.

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