Several slash pays by up to 40% for May
JSW Group Chairman Sajjan Jindal says unless the government takes proactive steps, demand recovery could take 4-5 months.
CEOs warn of economic depression, say need to work within new normal
Each employee of the JSW Group has also committed a minimum of a single day's salary as a donation to the fund, it said
The Jajang iron ore block holds estimated reserves of 39 million tonne
Currently, the company's colour-coated steel manufacturing capacity is around 0.75 MTPA
Forma, operating in the steel furniture market, was launched last year by JSW Living in April
JSW Infra will also provide technical expertise in building and operating infrastructure assets
The ED is learnt to have told the tribunal and the MCA that doing so will first require amending the Prevention of Money Laundering Act
While company aims to double capacity, the acquisition of 1.7GW projects is also seen as earnings accretive
JSW Living, which will house the furniture brand, will invest Rs 250 crore in the next five years for expansion
Sajjan is clear that there is a neat relationship between steel & automobiles, he says, that will make a completely contemporary vehicle, in keeping with consumers' aspirations, not like the Nano
The resolution plan remains subject to the approval of the National Company Law Tribunal
The Infra major has bold plans for electric cars and paints; mindset and execution will be the key
Jindal said, "Probably this will not last very long... as the country matures, as the bankruptcy system matures, this will go away."
JSW Steel is also scouting for three stressed assets and bidding for Bhushan Steel and Bhushan Power & Steel and Monet Ispat which are all at the NCLT
JSW Techno Projects has signed a definitive agreement for buying a stake in BRPL
Jindal has been quite vocal recently over the ongoing process at National Company Law Tribunal (NCLT)
JSW and Zhejiang Geely Holding Group are in talks for a 50:50 JV for $ 1 bn Gujarat EV project
The port project is proposed to be set up through JSW Infrastructure Ltd