Jindal Steel gets nod to raise fund up to $1 billion
31st Aug 2021

Jindal Steel & Power (JSPL) has received approval to raise fund including by way of issuance of non-convertible, senior, unsecured, fixed/LIBOR rate notes denominated in foreign currency or rupee (Bonds), to be issued in one or more tranches (the Issue) for an aggregate sum of up to $1 billion, for such permissible end uses in accordance with applicable law including but not limited to the SEBI guidelines and the ECB guidelines, to any persons, entities, bodies corporate, companies, banks, financial institutions and any other categories of eligible investors permitted to invest in the Bonds under applicable laws, in India or overseas. 

JSPL is one of India’s fastest growing and largest integrated steel manufacturers, significantly present in Steel, Power Generation and Infrastructure segments and catering to a large part of India's domestic energy and infrastructure requirement.