India / credit line for JSW Steel Limited

Nippon Export and Investment Insurance (NEXI ; Chairman and CEO: Kazuhiko Bando) has approved a credit line for JSW Steel Limited in India to support its purchase of Japanese equipment and services.

On 26th March, JSW Steel Limited and Japan Bank for International Cooperation (JBIC) agreed on a credit line¹ up to USD 140 million and JPY 11 billion. NEXI will cover the co-financing portion provided by commercial banks (up to USD 56 million and JPY 4.4 billion).

JSW Steel Ltd. is one of the largest steel manufacturing companies in India. JFE Steel Corporation holds 15% equity interest in JSW Steel Limited. In India, an increasing demand for high-quality Japanese steel manufacturing plants is expected to meet the growing demand for steel products driven by continued economic growth.

This credit line was set up with the aim to promote exporting opportunities for Japanese industries, and consequently to help maintain and improve their international competitiveness. NEXI as an official export credit agency in Japan will continue to actively support exports from Japanese companies.

Contact Infrastructure Group, Structured and Trade Finance Insurance Department
Tel: +81-3-3512-7670 or 7674

¹ Export credit line is a form of export financing in which a certain amount of credit limit is set up to promote the export of Japanese goods and equipment.