Jayaswal Neco recently announced a big ticket expansion plan of INR 3,300 crore.

In an exclusive interview with CNBC -TV18’, Mr Basant Lall Shaw chairman of Jayaswal Neco explained the breakup and expectations from the expansion.

Mr Shaw disclosed that “The total expansion is for INR 3,300 crore, out of which the debt is of INR 2,143 crore. The balance will come from equity, inter accruals and maybe, some part of QIP.”

Q - How you plan to fund this particular expansion? What is the breakup between equity and debt?

A - The total expansion is for INR 3,300 crore, out of which the debt is of INR 2,143 crore. The balance will come from equity, inter accruals and maybe, some part of QIP.

Q - Will you need to dilute any kind of equity at parent company level to fund this project?

A - We haven't though of it at present. We hope that we will be able to cover it up from our internal accruals that is in the coming year.

To read more about the interview please visit www.steelguru.com