The board will consider raising long-term funds, including but not limited to, qualified institutions placement of permissible securities and issuance of equity shares or other securities by way of a rights issue, subject to such regulatory/statutory approvals as may be required.
JSW Steel, a flagship company of the JSW Group, is an integrated steel manufacturer.
On a consolidated basis, the steel major's net profit jumped nearly 13 times to Rs 2,681 crore in Q3 FY21 over Q3 FY20. Net sales grew 23.4% Y-o-Y to Rs 21,487 crore during the quarter.
The scrip rose 0.18% to currently trade at Rs 709 on the BSE.
Powered by Capital Market - Live News