SAIL plans to raise Rs6,500 cr this fiscal

SAIL plans to raise Rs6,500 cr this fiscal

Mumbai: Steel Authority of India Ltd, the nation’s second biggest producer, will raise Rs6,500 crore ($1.35 billion) through loans and bonds, junior steel minister Sai Prathap said on Friday. The funds will be used to expand and upgrade factory capacity, he said in a written reply to a question in the upper House of Parliament.

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