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A significant portion of this investment is likely to be concentrated in Nagpur and Gadchiroli.
The company’s profit after tax is estimated at Rs 13.04 billion for the third quarter of FY25.
The bond, set to be raised on January 24, carries an implied yield of 9.45%.
China's steel production peaked at 1.065 billion metric tonne in 2020.
The company has invested Rs 85 billion into this new product line.
