Page 12 - Jsw Group

JSW Steel earmarks Rs 20,000 cr capex, hopes export duty to be short-lived

JSW Steel has earmarked Rs 20,000 crore capital expenditure in the current fiscal and hoped that headwinds such as export duty on steel and high coal prices are likely to be short-lived

JSW Steel increases quantum of pulverised coal purchased from Russia

JSW Steel has increased the quantum of pulverised coal being purchased from Russia to 10-15 per cent of its requirements in recent times, the company's Deputy Managing Director Vinod Nowal said

JSW starts exclusive talks to buy renewables company Mytrah Energy

Mytrah has built over 1,800 MW of assets spread across 17 wind farms and 21 solar farms in several states

Top headlines: Govt warns cab aggregators, volatility in power stocks

Here are the top business stories on Wednesday

JSW Group's Sajjan Jindal bets $4.5 bn of his wealth on Ambuja Cements

JSW Group Chairman offers $7 billion for cement firm

Sensex sheds 106pts amid volatility; Tata Steel cracks 7%, HUL gains 3%

The BSE Midcap and Smallcap indices ended with heavy losses of over 2 per cent each. Debutant Rainbow Children's Medicare ended a steep discount of 17 per cent to its issue price.

Top headlines: JSW Group's $7 bn bid, taxing digital companies, and more

Here are the top headlines on Tuesday

JSW Group to make $7 bn bid for Holcim's India cement business: Report

The move comes as Switzerland's Holcim tries to diversify away from its core business of cement and aggregates to focus more on building technology amid increased emphasis on sustainability

US Fed rate hike raises cost of funds for Ambuja Cements bidders

The acquisition is expected to cost around $10 billion (Rs 76,000 crore), including the open offers for the shareholders of both Ambuja Cements and ACC

JSW Energy profit jumps eight-fold to Rs 864 cr in March quarter

JSW Energy on Tuesday posted an over eight-fold jump in consolidated net profit to an all-time high of Rs 864 crore in the quarter ended March, mainly on the back of higher revenues.

Adani, JSW groups submit non-binding bids to acquire Ambuja Cements

Holcim intends to close the transaction early

Apollo Global Management may lend $1 bn to JSW for Ambuja Cements buy

The group is in talks with several sovereign funds based in west Asia to acquire Ambuja Cements

Adani Group in advanced talks to acquire Holcim businesses in India

Adani Group could sign an agreement to acquire a controlling stake in Ambuja Cements Ltd. from Holcim as soon as in the coming days

Govt to finalise Pawan Hans sale Saturday, JSW among bidders: Report

The asset sale plan will help bridge the budget gap and meet spending targets as the economy faces fresh headwinds from the geopolitical tensions

JSW Group to develop 900 MW hydel, rolling mill projects in Bengal

The West Bengal government has decided to develop the third pumped storage power plant at Bandhunala project in Purulia in PPP model.

JSW Group to develop 900 MW pumped storage hydel project in Bengal

Addressing the inaugural session of the Bengal Global Business Summit, Jindal said it will be developed on a nomination basis

Adani Group wins big in FY22 with 88% surge in market capitalisation

The big three groups - Tatas, Mukesh Ambani-led conglomerate, and Adani Group - raise their share

JSW Group arm invests $5 mn in personal care products firm Cureskin

JSW Ventures, an arm of Sajjan Jindal-led JSW Group, on Monday said it has led a USD 5-million investment in beauty and personal care products firm Cureskin

JSW Ispat Special Steel to transfer Raipur facilities to subsidiary

The transfer will be made via slump sale to wholly-owned subsidiary Mivaan Steels (MSL)

JSW Group joins World Business Council for Sustainable Development

JSW will be represented in WBCSD by Seshagiri Rao, Joint Managing Director and Group CFO, who also sits on the board of directors of JSW Steel