JSW Group spreads wings across energy, cement, ports, paints and EVs

The journey from 1.6 mt of steel capacity in 2002 to 35.7 mt (including 1.5 mt in the US) has been driven by a mix of acquisitions and organic growth

You have to grow, and grow fast — that’s the DNA of the JSW group, Chairman Sajjan Jindal said as JSW Cement made its debut on the stock market mid-August.  The remark captured not just the moment but also the momentum of JSW’s growth story.  JSW Steel — the flagship of the conglomerate — has transformed from a two-million-tonne (mt) plant in the early 2000s to India’s largest steel producer. Along the way, the group has morphed into a $23-billion force, stretching from energy and cement to ports and paints, all while steel remains its bread and butter.