Corporate Snippets

State Bank of India fixed its base rate at 7.5%. (ET)

JSW Steel is planning to invest Rs750bn in both brownfield and greenfield projects to increase its capacity over fourfold to 32mtpa from the present 7.8mtpa by the turn of 2020. (ET)

JSW Steel may take another six months before Japan’s second-largest steel company, JFE Holdings, buys a stake in it. (BS)

Bharti Airtel said it will invest US$100mn over the next three years to expand in Gabon. (ET)

ONGC and its partners will sign contracts for half of 34 oil and gas blocks awarded in the latest round of auction under the NELP. (ET)