{"id":7789,"date":"2021-12-09T18:49:55","date_gmt":"2021-12-09T13:19:55","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-kfw-ipex-bank-jsl\/"},"modified":"2021-12-10T09:55:31","modified_gmt":"2021-12-10T04:25:31","slug":"biz-kfw-ipex-bank-jsl","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-kfw-ipex-bank-jsl\/","title":{"rendered":"Germany&#8217;s KfW IPEX-Bank provides USD 82 mn financial support to JSL to procure machinery"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2440253822\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>New Delhi, Dec 9 (PTI) Germany-based KfW IPEX-Bank has extended a USD 82-million (about Rs 615 crore) financial support to Jindal Stainless Limited to procure machinery from Austrian companies Primetals Technologies and Andritz AG.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1068679450\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>JSL is procuring capital equipment from Europe as part of its plan for expansion of its production facilities in Jajpur, Odisha, from 1.1 million tonnes per annum (MTPA) to 2.1 MTPA.<\/p>\n<p>KfW IPEX-Bank is providing USD 82 million in financing to support Austrian companies Primetals Technologies Austria GmbH and Andritz AG in supplying products and services to JSL, the Indian market leader in stainless steel production, said a joint statement on Thursday.<\/p>\n<p>&#8220;This long tenor financing for our growth Capex manifests investor confidence in the stainless steel business and the improved creditworthiness of Jindal Stainless.<\/p><div class=\"trade-content_5\" id=\"trade-1135757261\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>&#8220;We&#8217;ve been paring down our debt and will continue to observe healthy leverage ratios. This funding is a win-win opportunity for both sides to promote indigenous growth and encourage local employment,&#8221; JSL Group CFO Anurag Mantri said. PTI ABI  BAL BAL<\/p>\n<div class=\"trade-after-content\" id=\"trade-2961073797\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Dec 9 (PTI) Germany-based KfW IPEX-Bank has extended a USD 82-million (about Rs 615 crore) financial support to Jindal Stainless Limited to procure machinery from Austrian companies Primetals Technologies and Andritz AG. JSL is procuring capital equipment from Europe as part of its plan for expansion of its production facilities in Jajpur, Odisha, [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-7789","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Germany&#039;s KfW IPEX-Bank provides USD 82 mn financial support to JSL to procure machinery - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-kfw-ipex-bank-jsl\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Germany&#039;s KfW IPEX-Bank provides USD 82 mn financial support to JSL to procure machinery\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Dec 9 (PTI) Germany-based KfW IPEX-Bank has extended a USD 82-million (about Rs 615 crore) financial support to Jindal Stainless Limited to procure machinery from Austrian companies Primetals Technologies and Andritz AG. 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