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Jindal Stainless to raise up to Rs 600 crore via NCDs

Jindal Stainless has received an approval to raise up to Rs 600 crore via non-convertible debentures (NCDs) on private placement basis. The board of directors at their meeting held on April 27, 2017, has approved for the same.

Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world. Jindal Stainless Group has an annual crude steel capacity of 1.8 MTPA and the group has an annual turnover of Rs 14500 crore.

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