SAIL raises Rs600 cr to refinance debt & fund expansions

摘要

STEEL Authority of India (SAIL), is raising Rs 600 crore through a commercial paper issuance (corporate debt) to refinance its debt and for brown field expansions. CS Verma, chairman, SAIL said; "We are raising the funds through commercial paper mainly to repay a part of our debt. Further the company is also looking at raising funds for its expansion and modernisation but we have not yet decided on the amount and time."