Seshagiri Rao - JSW Steel

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Last quote by Seshagiri Rao

Without increasing my debt, I will be able to spend 60 billion to 70 billion rupees ($924 million-$1 billion) in creating capacity or making acquisitions. That's the strength of my balance sheet. We are growth-oriented. But unless I am sure I can make money for the shareholder I will not do it. Four acquisitions that I have done in India all are profitable now.feedback
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Apr 06 2017
Seshagiri Rao has most recently been quoted in an article called India's JSW Steel lines up $1 billion war chest for acquisitions, mines. Seshagiri Rao said, “Without increasing my debt, I will be able to spend 60 billion to 70 billion rupees ($924 million-$1 billion) in creating capacity or making acquisitions. That's the strength of my balance sheet. We are growth-oriented. But unless I am sure I can make money for the shareholder I will not do it. Four acquisitions that I have done in India all are profitable now.”.
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