Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
JSW Steel's May 17 board meeting will discuss long-term funding raising. It will also consider the March quarter and FY24 earnings, as well as a dividend.
The company stated in a Wednesday exchange filing that a qualified institutional placement may be part of the money raising, but it won't be the only thing.
JSW Steel is currently adding 5 MT at its Vijayanagar facility and increasing capacity at Bhushan Power to 5 million tonnes (MT) from 3.5 MT previously.
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