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JSW Steel to bring down debt, overall finance costs in FY18: Report

JSW Steel to bring down debt, overall finance costs in FY18: Report

JSW Steel is reportedly planning to bring down its debt as well as overall finance cost. The company’s weighted average finance cost is 7.19% and it intends to bring this down to 7% by end of FY18. While JSW Steel is looking at making acquisitions to take its steel capacity to the targeted 40 million tonnes (MT), it also aims to keep a tight control over key financial ratios.

JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products. The company has reported crude steel production of 12.65 MT in February 2017 with a growth of 25% over the corresponding month in 2016.

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