Sajjan Jindal's JSW Steel sounds out banks for $750 million loan

JSW Steel, part of the JSW Group, is planning to borrow $750 million for capital expenditure as it targets major capacity expansion, aiming to almost double its steel output to 50 million tons by the end of the decade. The Mumbai-based company recently started work on a $7.8 billion complex in eastern India and is reportedly interested in a 20% stake in Whitehaven Coal's Blackwater coal mine.
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