In today's stock market, JSW Steel's share price recorded gains of approximately 4.1%, positioning it among the top gainers in the Nifty index. The surge was attributed to JSW Steel USA Ohio Inc, a wholly owned indirect subsidiary of JSW Steel, announcing its intention to raise long-term funds amounting to $145 million with a tenor of around 30 years. The share price of JSW Steel witnessed an increase of almost 4.2%, reaching its 52-week highs on Friday and securing a prominent position among the leading Nifty 50 gainers. The proposed funds will be utilized for various purposes, including financing the acquisition, construction, equipping, and installation of a vacuum tank degasser, as well as improvements to a continuous slab casting machine. JSW Ohio plans to implement initiatives such as caster upgrades, auxiliary systems, infrastructure improvements, and ancillary equipment to enhance slab quality and production capabilities at its Mingo Junction, Ohio site. Additionally, the funds will cover capitalized interest and certain costs associated with issuing the bonds.