He also said there is a plan to raise another Rs 15 billion- 20 billion in just four months by listing Oman operations on foreign exchanges.
A source privy to the development said: “The company is evaluating options of listing in London, Dubai or Muscat”.
The domestic capacity, he said, will reach 9 MT by March-end and “Angul will reach its full capacity by May, India will be number 2 position in the world in steel making. I am sure other people will also increase their capacity. I feel by May, India will definitely be number 2 (by then)”.
The company has a 2 MTPA integrated steel plant at Sohar, Oman where it had recently commissioned a 1.5 MTPA Bar Mill. It had also launched Jindal Panther TMT Rebar brand in the middle east markets. JSPL had acquired Shadeed Iron and Steel in 2010.
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