JSW Steel Plans Major ₹14,000 Crore Fundraising Drive

has approved a major fundraising plan of up to ₹14,000 crore to support its future expansion, capital expenditure, and long-term business growth. The company’s board cleared a proposal to raise ₹7,000 crore through Qualified Institutional Placement (QIP) and another ₹7,000 crore through non-convertible debentures (NCDs) with warrants that can later be converted into equity shares. In addition, the company also approved raising up to ₹5,000 crore through secured or unsecured redeemable NCDs via private placement or public issue to refinance short-term borrowings, meet working capital needs, and fund ongoing expansion projects. JSW Steel had already spent ₹14,656 crore as capex in FY25 and plans to invest nearly ₹20,000 crore in FY26, ₹21,000 crore in FY27, and ₹20,863 crore in FY28, with around 96% of the investments focused on Indian operations. The company is also targeting crude steel production of 30.5 million tonnes in FY26 and sales volume of 29.2 million tonnes, while its net debt stood at ₹76,563 crore as of March 2025. The fundraising move reflects the company’s aggressive long-term growth strategy, capacity expansion plans, and focus on strengthening its balance sheet amid rising domestic steel demand. Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.