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JSW Ispat signs Rs 6,000 cr debt refinancing deal

Tuesday 2nd Aug 2011 142

Mumbai : JSW Ispat Steel Ltd has signed a deal to refinance Rs 6,150 crore ($1.4 billion) of debt, enabling the company to come out from a corporate debt restructuring programme, two sources with direct knowledge of the matter said. The company, formally controlled by the brothers of billionaire Lakshmi Mittal, who heads the world's largest steelmaker ArcelorMittal, was taken over by JSW Steel last year after it ran up big losses.

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