Announced Thu, 1 Oct, 2026 · 16:14 IST
Pellet plant expansion project achieves financial closure with lender approvals
JAYNECOIND · price
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AI summary
The company has achieved financial closure for its new 1.50 MnTPA Straight-Grate Pellet Plant at Siltara, Raipur, with approvals from all existing lenders. Cost is about Rs. 720 crores, funded by Rs. 540 crores term debt and Rs. 180 crores equity and internal accruals. Construction will take 24 months from first drawdown. This doubles pellet capacity, currently at around 90 percent utilization, and supports use of iron ore from captive mines.
Likely market impact
Major capacity expansion with Rs. 540 crore debt may pressure balance sheet but supports long-term growth via captive iron ore.