JSW Steel Ltd has approved a capital-raising initiative of up to ₹19,000 crore through a combination of equity-linked instruments and debt. The plan includes raising up to ₹7,000 crore through equity shares and/or convertible securities (excluding warrants), as well as an additional ₹7,000 crore through non-convertible debentures (NCDs) with warrants convertible into equity shares. These instruments will be offered to Qualified Institutional Buyers, either independently or in combination, pending shareholder and regulatory approvals.
To facilitate the fundraising, a new enabling resolution will be presented to shareholders at the upcoming Annual General Meeting, replacing the previous resolution passed in July 2024, which has expired. In addition, the board has approved raising up to ₹5,000 crore through secured or unsecured, redeemable NCDs via private placement or public issue. The funds raised will be allocated toward refinancing short-term debt, supporting capital expenditure, managing working capital requirements, and fulfilling general corporate purposes.
JSW Steel Limited, headquartered in Mumbai, is a leading Indian multinational steel producer and the flagship company of the JSW Group. Established in 1982, the company has grown to become one of India’s largest private sector steel manufacturers, with a significant presence in both domestic and international markets.
JSW Steel operates state-of-the-art manufacturing facilities across India, including plants in Vijayanagar (Karnataka), Dolvi and Tarapur (Maharashtra), Salem (Tamil Nadu), and Vasind (Maharashtra). The Vijayanagar plant is notable for being the largest single-location steel-producing facility in India, with a capacity of 17.5 million tonnes per annum (MTPA) . The company’s product portfolio encompasses a wide range of steel products, including hot-rolled, cold-rolled, galvanized, and color-coated steel, catering to various sectors such as automotive, construction, infrastructure, and appliances.
JSW Steel has also expanded its global footprint with operations in the United States, where it operates facilities in Mingo Junction, Ohio, and Baytown, Texas . These international ventures align with the company’s strategy to enhance its global competitiveness and meet the growing demand for steel products worldwide.
Committed to sustainability and innovation, JSW Steel has implemented various initiatives to reduce its environmental impact and improve operational efficiency. The company has received several accolades for its efforts, including recognition as a Steel Sustainability Champion by the World Steel Association for multiple consecutive years . Under the leadership of Chairman Sajjan Jindal, JSW Steel continues to focus on technological advancements and strategic partnerships to drive growth and contribute to the development of the steel industry both in India and globally.
