JSL to raise $150-200 million via GDRs

Name: JSL to raise $150-200 million via GDRs
Uploaded: 2012-03-22T18:27:53+00:00
Duration: 1 min 6 s
Channel: ET NOW
Description: India is likely to emerge as a major hub for production of quality steel products, said Ratan Jindal, vice-chairman , managing director and CEO of Jindal Stainless Steel Ltd (JSL). He also said JSL will raise $150-200 million through GDRs to finance its stainless steel plant in Orissa. The rest of the funds required will be raised through loans and internal accruals.

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India is likely to emerge as a major hub for production of quality steel products, said Ratan Jindal, vice-chairman , managing director and CEO of Jindal Stainless Steel Ltd (JSL). He also said JSL will raise $150-200 million through GDRs to finance its stainless steel plant in Orissa. The rest of the funds required will be raised through loans and internal accruals.

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