"...a meeting of the Board of Directors of the company will be held on Thursday, April 20, 2017, inter-alia to consider a proposal for fund raising," it said in a filing to BSE.
The company which is the world's second-most geographically-diversified steel producer, is among the top global steel companies with an annual crude steel capacity of 28 million tonnes. Its turnover clocked $17.69 billion in in 2015-16.
It has operations in 26 countries and commercial presence in over 50 countries.
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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.