Page 5 - Jsw Group

Sebi gives nod to JSW Cement's Rs 4,000 cr IPO after 4-month hold-up

The cement making arm of the steel-to-energy JSW group filed for an IPO worth up to Rs 4,000 crore ($461.46 million) in September, aiming to capitalise on the country's booming stock market

Windsor has created much-needed disruption in EV market: Parth Jindal

A+ SUVs are compact, under 4 metres, affordable, and suited for city driving. B+ SUVs are slightly larger, more spacious, and feature-rich for families

JSW Steel consolidated crude steel production rises 2.3% to 7 MT in Q3

Sajjan Jindal-led JSW Steel on Friday said its consolidated crude steel production rose by 2.3 per cent to 7.03 million tonnes (MT) in the third quarter of the current fiscal. The company's steel output was 6.87 MT in the year-ago period, JSW Steel said in a filing to BSE. The company's Indian operation's crude steel production rose by 3 per cent to 6.82 MT, over 6.63 MT in the year-ago period, the filing said. Capacity utilisation at Indian operations excluding trial run stood at 91 per cent for the third quarter of the ongoing financial year. "Production and capacity utilisation for the quarter was affected due to temporary maintenance activity at one of the Blast furnaces at Dolvi in the month of October, which resumed normal operations in the first week of November," the company said. JSW Steel's 5 million tonnes per annum (MTPA) integrated steel project at Vijayanagar, set up by wholly owned subsidiary of the company, JSW Vijayanagar Metallics Ltd (JVML), is progressing ...

JSW Group in talks to acquire Everstone Capital's 8% stake in MG India

If the deal goes through, JSW's stake in MG India will increase to 43% from 35%

JSW group in talks with Geely, BYD for electric car production plans

JSW Group is in talks with Chinese automakers Geely and BYD to launch electric vehicles and e-trucks in India, aiming to establish an integrated mobility company under its JSW Green Mobility division

JSW Energy inks deal to acquire O2 Power at $1.47 bn enterprise value

JSW Energy said the latest acquisition will increase the company's locked-in generation capacity to 24,708 MW, from the current 20,012 MW

Here's how India Inc and industry leaders pay tribute to Manmohan Singh

Billionaire industrialist Gautam Adani described former Manmohan Singh as "a rare leader who spoke softly but achieved monumental strides through his actions"

JSW Infra plans 400 mtpa cargo handling capacity, Rs 30K cr capex by FY30

Company to strengthen its ports in multiple states; focusing on its logistics arm too

JSW Energy gets RE projects, achieves total locked-in capacity of 20 GW

JSW Energy on Monday said it has secured multiple renewable energy projects in the commercial and industrial power market, achieving a total locked-in generation capacity of 20 GW. The company's locked-in renewable energy commercial and industrial (C&I) capacity stood at 3.1 GW, which includes 2,654 MW of JSW group captive capacity and 445 MW of third-party C&I capacity, a JSW Energy statement said. Currently, the operational C&I capacity of the company stood at 488 MW, it informed. The company's step-down subsidiaries have executed power purchase agreements (PPAs) with DCM Shriram Ltd and Indus Towers Ltd for the supply of renewable energy. These strategic partnerships underscore the company's commitment towards sustainable energy solutions. Subsequent to this, the company's total locked-in generation capacity has increased to 20 GW. "I am pleased to share that JSW Energy has reached the milestone of being a 20 GW generation platform," Sharad Mahendra, Joint Managing ...

Indus Towers to acquire 26 pc stake in JSW Green Energy Eight for Rs 38 cr

Telecom infrastructure company Indus Towers on Friday said it will acquire a 26 per cent stake in JSW Green Energy Eight for Rs 38.03 crore to procure renewable energy from a solar PV plant. Indus Towers will receive 130 MW of renewable energy from a solar photovoltaic (PV) power plant, according to a regulatory filing. "...the Company, on December 12, 2024, has entered into a Power Purchase Agreement with JSW Green Energy Eight Limited, a special purpose vehicle (SPV), for the procurement of renewable energy from Solar PV plant, under Captive mode. "In connection with this, the Company will also enter into an agreement for a proposed investment of approximately Rs 38.03 crore, through the subscription to equity shares of the SPV..." it said. JSW Green Energy Eight was incorporated in October 2024 to build, develop, own, generate, supply, accumulate, transmit, distribute, store, purchase, and sell electrical power or any other energy by using conventional and/or non-conventional ..

JSW MG surges in sales: Is this the disruption electric car market needs?

JSW MG was the second largest electric car company in India in October, with its three models selling 4,878 units. Tata Motors was just a shade ahead with 5,067 units sold of its six models

India studying temporary tax plea on China steel imports: JSW Group chief

Indian steel mills have been grappling with a higher influx of Chinese steel imports, hitting domestic prices and denting companies' earnings

MG's Windsor sales in top gear, Tata Motors' EV monopoly under threat

Tata Motors said that it has 'done the maths' on the BaaS model, and is 'unconvinced' about its passenger vehicles

JSW Defence partners with Shield AI, to invest $90 million in 2 years

The partnership aims to indigenise and manufacture Shield AI's V-BAT, a Group 3 Unmanned Aerial System (UAS)

China's Haier plans joint venture with JSW group, plans Rs 1k cr investment

Haier Group, a leading Chinese appliances manufacturer, has plans to set up a joint venture with India's JSW Group envisaging a proposed investment of Rs 1,000 crore, sources said. The proposal of Shandong-based Haier Group has been submitted to the government as it attracts Press Note 3 of 2020, under which all firms in countries that share land borders with India need mandatory government approval. The source said the proposal was put up before the committee that scrutinises such applications. There is an inter-ministerial committee headed by the Home Secretary to consider applications under the press note. Countries which share land borders with India are China, Bangladesh, Pakistan, Bhutan, Nepal, Myanmar and Afghanistan. An email query sent to both companies remained unanswered. Last year in November, the USD 24-billion JSW Group signed a JV with China's auto major SAIC Motor to acquire a 35 per cent stake in MG Motor India. The JV was named JSW MG Motor India Private Ltd.

JSW Group, Korea's POSCO announce deal to set up steel plant in India

Joint venture will collaborate in renewable energy, battery materials for electric vehicles

Meet Avira & Vir: JSW MG Motor's new AI chatbots revolutionising car buying

JSW MG Motor India claims to be the first automotive company in India to launch two AI-powered chatbots, which are designed to enhance customer interaction and service

Former BCCI chief Sourav Ganguly named as Director of Cricket at JSW Sports

Ganguly, who joined Delhi Capitals as an advisor in 2019, will now oversee all the cricketing properties of JSW Sports

JSW Green Mobility gets 636 acre land for Maharashtra manufacturing plant

Vehicle manufacturer JSW Green Mobility has been allotted 636 acres of land in the Bidkin node of AURIC city and the plant will go into production in the next 12 to 18 months, an official said. After allotting 827 acres of land to Toyota Kirloskar Motors Private Limited, the administration has issued land to another vehicle production company in the Bidkin node of AURIC (Aurangabad Industrial City). The administration has issued 636 acres of land to JSW Green Mobility company in the Bikdin node. The land allotment certificate was issued online by the Maharashtra Industrial Township Limited (MITL) on Thursday, an official said. The company will establish an electric car manufacturing unit on 546 acres of the allotted land. Apart from this, the company will also produce commercial vehicles in the area of 90 acres. The company will invest Rs 27,200 crore here, which will create 5,000 direct and 15,000 indirect jobs, a release said on Thursday. The company will commence its work soon a

JSW Ventures picks up stake worth $1.8 mn in drone tech firm Aereo

JSW Ventures, an arm of diversified conglomerate JSW Group, on Monday said it has picked up a stake in drone technology entity Aereo for USD 1.8 million. Aereo uses drone technology and AI-driven data analytics to help clients in asset management in sectors including mining and infrastructure, a statement by JSW Ventures said. The company raised the funds as part of Series B funding round. Aereo, which is delivering operating profits, will be utilising the funds for strengthening its offerings and also expanding into international markets, it said. The company has helped the government map over 45,000 villages over the last three years and cover more than 50,000 square kilometer for the Digital India Land Record Modernization Program (DILRMP), the statement said. Aereo Co-founder and chief executive Vipul Singh said JSW's trust and support is a strong testament to its approach, and its mission to transform asset management through drone technology. JSW Ventures' managing partner .