JSW steel plans Rs.6000 crore capital expenditure

JSW Steel has a capital expenditure plan of Rs 6,000 crore in the current financial year for expanding its steel capacity.

The company's capital expenditure plan for the current fiscal is around Rs 6,000 crore, of which Rs 3,500 crore will be debt and the rest will be through the route of equity.

JSW Steel, is currently under expansion phase to increase its capacity to 12 million tonnes.

The company hope to complete the expansion of Vijaynagar unit to 12 million tonnes by FY14.

The company, which has around Rs 3,200 crore of cash reserve, has a gross debt-equity ratio of 0.98 percent by the end of March 2012.