JSW Steel to take up fundraising on May 17

JSW Steel will consider raising long-term funds at its board meeting on May 17. It will also consider a dividend, along with earnings for the March quarter and FY24.

The fund raising could include, but will not be limited to a qualified institutional placement, the company said in an exchange filing on Wednesday.

JSW Steel is currently expanding capacity at Bhushan Power to 5 mt from 3.5 mt earlier and adding 5 mt at its Vijayanagar plant.