JSW Energy will invest ₹14,000 crore to raise O2 Power's renewable energy capacity to 4.7 GW by 2027, with a broader capex plan of ₹18,000 crore for FY26 projects
Sajjan Jindal-promoted company's stock fell as much as 3.01 per cent to 288.1 per share, the worst intraday loss since April 30 this year
Sajjan Jindal Family Trust to offload up to ₹1200 crore in JSW Infra shares via block deal to comply with Sebi's minimum 25 per cent public shareholding regulations
Sajjan Jindal is said to have personally led negotiations for the deal, valued at approximately ₹12,000 crore
JSW One Platforms, the B2B e-commerce division of the JSW Group, on Tuesday announced a Rs 340-crore fundraise from Principal Asset Management and OneUp. The conglomerate's steel arm JSW Steel also participated in the round, after which the JSW One Platforms' valuation catapulted to USD 1 billion making it enter the coveted unicorn club. The valuation has jumped by over three times since the last round of funding in April 2023, a company statement said, adding that it had then raised Rs 205 crore from Japan's Mitsui & Co. The newly raised capital will strengthen the national supply chain in steel and cement categories, deepen distribution and logistics networks across India, scale the fintech and Non-Banking Financial Company (NBFC) arms, and enable wider access to credit for Micro, Small, and Medium Enterprises (MSME), it said. "We're solving critical pain points by combining our tech-led distribution model with JSW Group's strength in manufacturing. We are well-positioned to ...
A third of the bankruptcies admitted by the tribunals have gone for liquidation, while three-quarters of the cases still open in December had exceeded the prescribed 270-day mark for resolution
SECI was at the heart of several controversies involving Adani, JSW & R-Power
According to a source aware of the developments, it appears that the court did not consider infusion of money by JSW in the form of compulsory convertible debenture towards equity infusion
Seven lawyers and bankruptcy law experts said the unprecedented ruling had set off alarm among potential buyers of other insolvent or bankrupt firms
The company had aimed to import 2,500 metric tons from Mongolia, while the Steel Authority of India was looking to bring in 75,000 metric tons
Mamata Banerjee to lay foundation stone of firm's ₹16,000 cr Salboni plant on Monday
"If the Indian industry can really buck up and rise to the occasion, we can be the real replacement for China," said Jindal while speaking at the centenary celebrations of Indian Chambers of Commerce
JSW Neo Energy, a wholly owned subsidiary of JSW Energy, has completed its largest acquisition to date with the ₹12,468 crore purchase of a 4.7 gigawatt (GW) renewable energy platform from O2 Power
Remainder to be deployed in core steel and energy operations: Company official
JSW Energy on Thursday said its board has approved the allotment of 80,000 non-convertible debentures aggregating to Rs 800 crore on a private placement basis in two tranches. Earlier in January, the board had approved a proposal to raise up to Rs 3,000 crore through the issuance of rated and listed non-convertible debentures (NCDs) on a private placement basis. According to the filing the Finance Committee, at its meeting held on March 20, 2025, has approved the allotment of 80,000 unsecured, rated, listed, taxable, redeemable NCDs bearing a face value of Rs 1,00,000 each, aggregating to Rs 800 crore in two tranches. The two tranches will be of Rs 400 crore but the first tranche will have a green shoe option of Rs 100 crore. The maturity period for Tranche 1 will be 3 years, while it will be five years for Tranche 2.
In January, JSW said it was foraying into the copper business with a Rs 2,600 crore ($301.22 million) investment to operate two copper mines from Hindustan Copper for a period of 20 years
The automotive facility is expected to have a capacity to make 10,000 e-buses and 5,000 e-trucks per annum
Industrialist backs domestic manufacturers, calls India a great platform for entrepreneurs
Kamath will represent India at EY World Entrepreneur Of The Year Award (WEOY) in Monte Carlo to be held in June 2025
Look to invest Rs 9,000 crore as capex for logistics division