The Naveen Jindal-led JSPL has planned an outlay of Rs 10,000 crore capex in FY 2012-13 for expansion in its three upcoming plants in central India. The funds will be raised with a debt equity ratio of 2:1.

The current year’s investment is part of JSPL’s planned Rs 2 lakh crore capex over five years which is intended to boost its steel making capacity to 18 mtpa from the current levels of 4.5 mtpa.

The company has already invested about Rs 40,000 crore of this amount, according to JSPL Dy Managing Director and CEO (Steel Business) V R Sharma.

Currently, JSPL produces around 4.5 million tonnes per annum (mtpa) at its Raigarh plant in Chhattisgarh. The new facilities are coming up at Angul in Odisha, Patratu in Jharkhand and Raigarh. A Rs 45,000 crore Coal to Liquid project is also coming up in Odisha.

The company is also constructing captive power plants in Chhattisgarh and Jharkhand to generate 4,200 MW.

Besides internal accruals funds will also be raised from export credit agencies (ECAs), either in the form of credit or guarantees or both. JSPL aims to raise $ 125 million as soft loans vis this route.