Page 2 - Jsw Group

JSW Cement sets IPO price band at ₹139-147, opens Aug 7: Check key details

JSW Cement IPO will open for public subscription on Thursday, August 7, and close on Monday, August 11

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

Need to look at extending safeguard duty, review levy: JSW Steel's Acharya

Q1 was disrupted by plant maintenance shutdowns at Dolvi and Bhushan Power and Steel (BPSL), which had an impact on our costs both for capex and operations

JSW Paints seeks CCI nod to acquire stake in Akzo Nobel for ₹12,915 cr

Sajjan Jindal-led JSW Paints has sought approval from the Competition Commission of India (CCI) to acquire a majority stake in Dutch paint maker Akzo Nobel's India unit in a Rs 12,915-crore deal. The development came after JSW Paints announced in June this year that it will buy a 74.76 per cent stake in Akzo Nobel India for Rs 8,986 crore, followed by an open offer to buy another 25 per cent from open market for up to Rs 3,929.06 crore, totalling over Rs 12,915 crore, to become the fourth-largest player in the paint industry in the country. "The proposed transaction relates to the acquisition of up to 75 per cent shareholding in the target (Akzo Nobel India Ltd) by the acquirer (JSW Paints Ltd) through a share purchase agreement, and a mandatory open offer," according to a notice filed with the Competition Commission of India. The parties (JSW Paints and Akzo Nobel India) said the proposed combination does not raise competition concerns in any plausible relevant markets and therefor

JSW Steel expansion plan on track despite SC order on BPSL: Jayant Acharya

JSW Group on Friday said its expansion plan will not be impacted by the Supreme Court order to set aside the acquisition of Bhushan Steel and Power Ltd (BSPL) through the insolvency process. JSW Steel Joint MD and CEO Jayant Acharya, in an earnings call, said that BPSL was not part of the brownfield expansion that the steel company took into account while setting the 50 million tonnes capacity target by 2030-31. "In our 50 MT tonne outlook (expansion) that we have given up to 2030-31, BPSL was not part of the brownfield expansion that which we have taken into account. So therefore, it will not impact our target which we have given," Acharya said, in an earnings call, said while replying to a question if the acquisition of BPSL asset going into legalities will affect JSW Steel's expansion plans. He also said that the company has filed a review in Supreme Court for BPSL case and believes there is a strong ground for the same. "For that 0.5 MnT (expansion) we will take a view. That is

JSW Steel Q1 results: Profit up over 2x on volumes, low coking coal cost

The firm's total revenue, on a consolidated basis, increased 0.5 per cent to ₹43,147 crore from ₹42,943 crore last year. The Bloomberg estimate for revenue was ₹43,004 crore

SC rules in favour of Himachal in power dispute with JSW Hydro Energy

Supreme Court upholds Himachal Pradesh's claim to 18% free power from JSW Hydro Energy, rejecting plea to align supply with CERC's 13% cap under 2019 regulations

JSW Energy shares rise 2% after inclusion in FTSE4Good index

Shares of JSW Energy rose nearly 2 per cent after it announced its inclusion in the FTSE4Good Index Series

It's natural for JSW Paints, AkzoNobel India to merge ops: Parth Jindal

Parth Jindal says JSW Paints' acquisition of AkzoNobel India will strengthen decorative and industrial paint segments; Dulux, tech tie-up key to long-term strategy

JSW Energy joins race for Raigarh Champa Rail Infra after NCLAT nod

Appellate tribunal NCLAT has quashed an NCLT order that denied permission to the lenders of debt-ridden Raigarh Champa Rail Infrastructure to start a fresh bidding process. The development has come as a relief to JSW Energy which had sought permission to participate in the insolvency resolution process of Raigarh Champa Rail Infrastructure Pvt Ltd (RCRIPL), an ancillary company of KSK Mahanadi. JSW Energy has already acquired KSK Mahanadi Power, a 3,600 MW thermal power plant in Chhattisgarh, for Rs 16,084 crore through the insolvency process, earlier in March this year. The Chennai-bench of the NCLAT said it sees no demerits in the decision of the lenders' body CoC to invite fresh Expression of Interest (EoI) by re-issuing fresh Form G, inviting new prospective buyers as it "will certainly increase competition and in all likelihood, result in higher bids." ".... since, the EoI is proposed to be reopened for everybody and not for JSW alone, it is fair and transparent and not ...

JSW Cement begins roadshow ahead of next month's planned Mumbai IPO

JSW Cement could be joining a swelling pipeline of summer listings in India, where the central bank cut rates by a bigger-than-expected 50 basis points last week

Hind Copper plans ₹2,000cr capex for core expansion, exludes PPP project

State-run Hindustan Copper Ltd (HCL) will invest around Rs 2,000 crore over the next five to six years to expand its mining operations, primarily at its flagship Malanjkhand Copper Project (MCP) in Madhya Pradesh, a top company official said. The investment is part of HCL's broader plan to triple its ore production capacity from the current 4 million tonnes per annum (MTPA) to 12.2 MTPA by FY2030-31. However, this capital expenditure excludes the development of the Rakha and Chapri mines in Jharkhand, which are being revived through a Public-Private Partnership (PPP) model. A JSW Group company has secured the Mine Developer and Operator (MDO) contract for the two mining blocks in Jharkhand and is expected to invest around Rs 2,600 crore, including the setting up of a concentrator plant. The Rs 2,000 crore capex will be funded by HCL, with the majority directed towards the Malanjkhand Copper Project (MCP), which will see an investment of around Rs 1,4001,500 crore. The remaining wil

Exploring all legal remedies: JSW Steel on Bhushan Power & Steel verdict

JSW Steel says BPSL resolution plan followed due process, despite SC order directing liquidation and refund; no provisions made in consolidated accounts

JSW Energy to invest ₹14k cr to expand RE capacity of O2 Power

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

JSW Infra drops 3% post large trade; Key details about the block deal here

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

Jindal Family Trust to sell ₹1,200 cr JSW Infra stake to meet Sebi norms

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

JSW nears deal to buy 75% stake in Dulux paints maker AkzoNobel India

Sajjan Jindal is said to have personally led negotiations for the deal, valued at approximately ₹12,000 crore

JSW One Platforms raises Rs 340 cr from Principal Asset Management, others

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 ...

Why India's nine-year-old insolvency law has bankers going bald with worry

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