Evonith Steel Share: Big News! ₹2,000 Crore ka Fund Raise, Debt Tension Khatam!

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AuthorRiya Kapoor|Published at:
Evonith Steel Share: Big News! ₹2,000 Crore ka Fund Raise, Debt Tension Khatam!
Overview

Yaar, Evonith Steel ke liye ek solid news aayi hai! Company ne ₹2,000 Crore ka bada fund raise kiya hai. Is funding ka most part debt kam karne mein use hoga, aur baaki ka paisa future projects ke liye hai.

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Toh bhaiyon, Evonith Steel ne ek dum zabardast move mara hai! Company ne ₹2,000 Crore ka funda ikattha kiya hai, jisme debt aur Non-Convertible Debentures (NCDs) dono shamil hain. Is massive fund raise ka sabse bada focus hai company ke existing loans ko kam karna.

Is ₹2,000 Crore mein se lagbhag ₹1,750 Crore directly debt refinance karne mein jayenge. Isse Evonith Steel ke borrowing costs kam honge aur financial structure bhi aur strong hoga.

Aur bhai, sirf debt hi nahi, expansion plans bhi speed pakdenge! Baki ke ₹250 Crore chal rahe projects ko complete karne aur production capacity badhane mein lagaye jayenge. Isme company ki Ductile Iron (DI) pipes plant ki capacity badhana bhi shamil hai, jiska target 0.3 million tonnes per annum (MTPA) hai. Saath hi, coated steel production ko double karke 0.3 MTPA se 0.6 MTPA karne ka plan hai.

Evonith Steel high-quality long products mein bhi utar raha hai, jiske liye 0.5 MTPA capacity wala billet caster bhi banaya ja raha hai. Company ke Chairman Jai Saraf ne kaha hai ki debt costs kam karne aur repayment time badhane se, company ab operational excellence aur future expansion mein zyada invest kar payegi. Yaad rahe, pehle bhi company ne ₹1,500 Crore invest karke iron aur steel capacity 0.6 MTPA se 1.4 MTPA tak badhai thi.

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