Austral Coke & Projects, manufacturer of low ash metallurgical coke, has decided to raise about Rs 957 crore through different routes from both domestic and international markets.

The company stated in a communiqué that its board of directors through the way of postal ballot has sought shareholders' approval for raising $200 million from domestic market by issue of equity shares, convertible debentures and bonds.
 
Further, the company would also raise funds through global depository receipts, American depository receipts and foreign currency convertible bonds the international market, to meet the growing needs of the company.

The scrip closed today at Rs 277, marginally down compared to its previous close. The counter has made 52-week-high and low of Rs 350 and Rs 62 respectively.