Jindal Worldwide's board of directors, at a meeting held on 14 December 2006, has approved raising funds through foreign currency convertible bonds (FCCBs) up-to $20 million and to make preferential allotment of equity shares of the company to finance expansion.

Board also decided to convene an extraordinary general meeting of the shareholders on 16 January 2007 to seek their approval.

The Board has also decided to venture into the business of infrastructure through its expansion-cum-diversification plan.