Jsw

Debt reduction, JV benefits with JFE seen as positives for JSW Steel

JSW Steel's BPSL restructuring and its 50:50 JFE JV signal major deleveraging and a cleaner structure, adding tech benefits even as consolidated operating profit is expected to moderate

JSW Steel, JFE to form 50:50 JV for BPSL steel business at ₹15,750 crore

The deal is aimed at bolstering the growth of the two steelmakers, whose partnership goes back to 2009, when they signed a comprehensive agreement

CAFE weight relief unfairly benefits one OEM, says JSW MG Motor

Small car protection in CAFe norms is a global norm and in national interest, says Maruti

JSW Steel laying groundwork for CBAM regime, says CEO Jayant Acharya

'The company was waiting for more clarity on the CBAM framework and tariff structures before finalising its capacity expansion plans and its timing'

JSW Energy looks to operationalise Pune's 5 GWh battery assembly unit in Q3

JSW Energy looks to operationalise its battery assembly plant in Pune, Maharashtra, in the third quarter of this financial year, a company official said. In an investor call, the company's Joint Managing Director and CEO, Sharad Mahendra, also said that trial runs for green hydrogen project having a capacity of 3,800 tonnes per annum (TPA) at Vijayanagar are near complete and its commissioning is expected soon. The company is setting up a battery assembly plant at Pune in Maharashtra with an annual capacity of 5 gigawatt hour (GWh), he said. This facility is dedicated to supporting Battery Energy Storage Systems (BESS), he said, adding the company expects to operationalise it in the third quarter of FY26. "It will also enable us to meet domestic content requirements for BESS as and when they are mandated," he said. The company registered a 59 per cent year-on-year rise in total revenues to Rs 5,361 crore in the July-September period, from Rs 3,459 crore in the year-ago period. It

JSW MG aims to secure top spot in India's luxury EV market by 2026

JSW MG Motor India is eyeing the number one position in the country's luxury electric vehicle (EV) segment, banking on technological innovation, product launches and a shift in consumer preferences, a senior company official said on Wednesday. The company has already emerged as the second-largest player in India's luxury EV market and aims to take the top position by 2026, he said. "The Indian luxury car market is about 700 units a month. Our aim is to be number one in both luxury and mass categories. The luxury EV market is evolving fast, and our target is to become the number one player in 2026. In September, we sold 213 units," Milind Shah, Head of MG Select, told PTI on the sidelines of the launch of its experience centre in Kolkata, the first in the eastern region. MG Select is a designated retail channel and showroom network for luxury cars under the MG brand. Based on current industry volumes, reaching 350-plus units per month would help the company achieve the goal, he ...

Moody's upgrades JSW Steel outlook to positive from stable on growth plans

Moody's Ratings upgraded its outlook on domestic steel major JSW Steel and its US-based arm Periama Holdings LLC to positive from stable. The change in outlook reflects JSW Steel's meaningful expansion in operating scale, reinforcing its position as India's largest steel producer, Hui Ting Sim, a Moody's Ratings Assistant Vice President and Analyst said in a report on Wednesday. Hui Ting Sim said the ramp-up of operations at recently completed projects will drive higher earnings and support sustained improvement in the company's credit metrics. The rating action also reflects our expectation that JSW Steel will implement its growth plans with financial discipline, and it will proactively manage the refinancing of significant debt obligations, the analyst said. "Moody's Ratings (Moody's) has changed the outlook on JSW Steel Limited (JSW Steel) and Periama Holdings LLC's (Periama Holdings) ratings to positive from stable," the report said. On the rationale behind the move, Moody's s

China's SAIC to cut stake in India car venture, freeze new investments

SAIC is not pulling out of India but wants to dilute its stake in JSW MG Motor significantly and will continue to provide technology and products for the venture

JSW Infra gains 3% on 30-year pact with Kolkata port to reconstruct berths

JSW Infra stock was trading at ₹320.55, up 1.8 per cent compared to the previous day's close of ₹314.9 on the NSE

JSW Cement incurs loss of Rs 1,356 cr in Q1 FY26 due to exceptional item

JSW Cement reported a Q1 FY26 loss of Rs 1,356.17 crore due to a one-time CCPS conversion, even as revenue rose 7.77 per cent and operating Ebitda improved 39 per cent YoY

India among fastest growing economies: JSW chairman Sajjan Jindal

JSW Group chairman Sajjan Jindal on Thursday countered US President Donald Trump's recent remarks on India, saying India is one of the largest and fastest growing economies in the world. Speaking at the listing ceremony of JSW Cement at the NSE here, Jindal said India is the fastest growing large economy and has a great future ahead, days after US President Donald Trump's remark of India being a dead economy. "We are going to see a great future for India, because India is growing, it's one of the largest, fastest growing large economies in the world. Whatever Trump may say, that doesn't matter. We are the fastest growing large economy in the world," Jindal said. Amid the trade policy negotiations, Trump had called India as a "dead economy" while expressing disappointment with New Delhi's posturing to continue buying cheap oil from Russia. "I don't care what India does with Russia. They can take their dead economies down together," Trump had reportedly said. Stating that JSW Cement

SC reserves verdict on JSW Steel's ₹19,700 crore resolution plan for BPSL

The Supreme Court on Monday reserved its verdict on a batch of pleas related to JSW Steel's Rs 19,700-crore resolution plan for debt-ridden Bhushan Power and Steel Limited (BPSL). A special bench comprising Chief Justice B R Gavai and Justices Satish Chandra Sharma and K Vinod Chandran heard arguments from Solicitor General Tushar Mehta for the committee of creditors (CoC), senior advocate Neeraj Kishan Kaul for JSW Steel, and senior advocate Dhruv Mehta for the former promoters before reserving the verdict. As many as five pleas were heard afresh after the CJI-led bench, on July 31, recalled its May 2 verdict that had directed liquidation of BPSL and set aside JSW's resolution plan, criticising the conduct of the CoC, the resolution professional, and the National Company Law Tribunal (NCLT) for what it termed a flagrant violation of the Insolvency and Bankruptcy Code (IBC). One of the key issues was whether earnings before interest, tax, depreciation, and amortisation (EBITDA) ...

IBBI calls for CoC to discuss, record section 29A eligibility under IBC

The idea behind the proposed changes to IBC regulations is to bring more transparency and procedural fairness to corporate insolvency resolution

KPIT Tech shares fall 3% as Q1 profit drops; here's what the brokerages say

KPIT Technologies on Wednesday reported a net profit of ₹171.9 crore for the quarter that ended on June 30, 2025

JSW Energy Q1 results: Profit jumps 42% to ₹743 crore; revenue up 78%

JSW Energy on Thursday posted over 42 per cent rise in consolidated net profit to Rs 743 crore in the June quarter due to renewables capacity additions and contributions from O2 Power and Mahanadi plant. The company posted a net profit of Rs 522 crore in the year-ago period, a statement said. According to the statement, total revenue increased 78 per cent year-on-year to Rs 5,411 crore from Rs 3,043 crore, driven by organic capacity additions and contribution from Mahanadi and O2 Power. "Strategic acquisitions fuelling EBITDA growth as Mahanadi plant contributed incremental, Rs 867 crore while O2 Power (consolidated since Apr 9, 2025) contributed Rs 219 crore of EBITDA during the quarter," it stated. During the quarter, the net electricity generation rose 71 per cent year-on-year to 13.5 billion units (BUs from 7.8 BUs year ago) driven by organic RE capacity additions, contribution from O2 Power and Mahanadi plant and higher generation at Vijayanagar long-term tie-up. Renewable En

JSW Energy signs power purchase agreement with SECI for FDRE project

JSW Energy on Friday said its arm JSW Neo Energy has signed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI). The agreement is for the supply of 230 MW ISTS connected Firm and Dispatchable Renewable Energy (FDRE) under the SECI-FDRE Tranche IV scheme, a company statement said, adding that this marks the company's first PPA for a FDRE project. According to the statement, the agreement has been signed for a tenure of 25 years at a tariff of Rs 4.98 per kWh. With this, the company's total under-construction capacity stood at 12.9 GW, and its total locked-in generation capacity was at 30.2 GW. JSW Energy remains well-positioned to achieve its strategic target of 30 GW installed generation capacity and 40 GWh of energy storage by 2030. "We are proud to announce the signing of our first Power Purchase Agreement for a load-following Firm and Dispatchable Renewable Energy project. This milestone underscores JSW Energy's commitment to provide advanced and

China's Chery to supply EV tech for JSW's new auto brand, to debut by 2027

JSW will launch its electric vehicle brand in India by 2027, in partnership with China's Chery Automobile, which will supply components and technology. The vehicles will be manufactured in Maharashtra

No immediate production impact due to rare-earth crunch: JSW MG Motor

Company says parts pipeline remains steady for now as orders placed in April are arriving; rare-earth supply disruption remains under close watch for future impact

JSW Infrastructure bags ₹740 crore project to develop Kolkata port

The project comes with a 30‐year concession period under the government's initiative to privatise ports

JSW Paints to buy almost 75% stake in Akzo Nobel India for ₹8,986 cr

Conglomerate to acquire 75% in Dutch paint maker for ₹8,986 cr; to become fourth-largest player in the sector