JSW Steel Unveils ₹19,000 Crore Fundraising Plan; Check Details

On May 23, 2025, JSW Steel Ltd announced a strategic fundraising initiative of up to ₹19,000 crore through a mix of equity-linked and debt instruments as per exchange filing.

Fundraising Plan of ₹14,000 Crore

The company’s board has approved raising up to ₹7,000 crore through the issuance of equity shares and/or convertible securities (excluding warrants). An additional ₹7,000 crore will be mobilised via non-convertible debentures (NCDs) coupled with warrants convertible into equity shares.

These instruments are intended for Qualified Institutional Buyers (QIBs) and may be issued either independently or in combination, subject to requisite shareholder and regulatory approvals.

To facilitate this plan, a new enabling resolution will be presented at the upcoming Annual General Meeting (AGM), replacing the resolution passed in July 2024, which has since expired.

Also Read: Tata Steel vs Jindal Stainless: Which Steel Manufacturer Delivered Highest Earnings in Q4FY25?

Additional ₹5,000 Crore via NCD Route

Separately, the board has sanctioned an additional fundraising of up to ₹5,000 crore through the issuance of secured or unsecured, redeemable NCDs via either private placement or public offering. The funds raised will be deployed toward refinancing short-term debt, supporting capital expenditure and working capital requirements, and fulfilling other general corporate purposes.

JSW Steel Q4FY25 Earnings Highlights

The fundraising announcement coincided with the release of JSW Steel’s Q4FY25 financial results. The company reported a 14% year-on-year increase in consolidated net profit, reaching ₹1,501 crore. However, revenue declined 3% YoY to ₹44,819 crore, slightly below analyst projections. Operating EBITDA came in at ₹6,378 crore, with margins at 14.2%, both falling short of market expectations.

The board has proposed a final dividend of ₹2.80 per equity share. On May 26, JSW Steel share price opened at ₹1,013.50, reaching a day low of ₹998.90 at 11:31 AM.

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