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JSW Steel will begin fundraising on May 17

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Large Corporate 09 May 2024 12:25 PM IST Economic Times

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.