Jindal Steel & Power has stated that it plans to raise about $150 million (about Rs 764 crore) through overseas borrowing in the next two weeks, said Jindal Steel & Power (JSPL) Director and Group CFO Sushil Maroo in Delhi on March 27.
The company has almost closed it and is in the final stages of document preparation. JSPL will be closing it in the next fortnight, he told mediapersons on the sidelines of an Assocham conference. Regarding the capital expenditure plans for the next fiscal, Maroo said JSPL expects to spend about Rs 6,000- 8,000 crore. This would be for steel and power, he added.
Maroo said the board would take a final decision on the plans for listing Jindal Power.