Corporate News Details
Sajjan Jindal, vice-chairman and MD of JSW Steel is eyeing big and for this he has lined up capital expenditure of over Rs 50,000 crore for the decade. JSW Infrastructure and Logistics is all ready to revive its IPO plans in order to mop up to Rs 1000 crore as part of its long term plans for expansion. "We are on a continuous evaluation mode. There will be internal accruals and we will take call as we get into next phase. We will go for an IPO," said Capt B V J K Sharma, CEO of JSW Group.
The IPO proceeds would be utilised to part fund the capex of Rs 2,000 crore, which is set for next two-three years. The proceeds would be spent to set up roads as well as ports, railways lines and rig cum ship repair yards.
Moreover, the company will soon commission its new port in Jaigarh, Maharashtra.
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