Page 7 - Jsw Group

JSW Cement to invest Rs 3K cr to set up manufacturing unit in Rajasthan

JSW Cement on Tuesday said it plans to invest around Rs 3,000 crore to set up a cement manufacturing facility in Nagaur district of Rajasthan. The greenfield, integrated facility will be funded by a mix of debt and equity, the company said. The investment in the new facility includes a clinkerization unit of up to 3.30 MTPA (million tonnes per annum) and a grinding unit of up to 2.50 MTPA, said a statement from JSW Cement, a part of USD 24.25-billion JSW Group. The new plant will also have an 18 MW waste heat recovery-based power generation system, it added. "The proposed investment will be funded through a mix of equity and long-term debt," it said. This new plant is also expected to create more than 1,000 direct and indirect job opportunities, JSW Cement said. The investment also includes around 7-km overland belt conveyor to transport limestone from mines to the manufacturing plant and arrangements to use alternative fuel in the kiln. JSW Cement Managing Director Parth Jindal

JSW Infrastructure to enter Adani bastion for piece of commercial cargo

Firm to bid for mega projects like Rs 77,000 crore Vadhavan Port, Rs 44,000 crore Nicobar Port

JSW Infra Q4FY24 results: Net profit rises 9.8% to Rs 330 crore

The company's revenue from operations rose by 19.8 per cent to Rs 1,096 crore on a year-on-year basis. Sequentially, the core revenue was up by 16.6 per cent

JSW group, Japan's JFE in race to acquire 30% in Australian mine

Several Indian companies including Tata Power, Adani, and the Essar group had acquired coal mines overseas as part of their strategy to secure their raw material supplies

JSW One Platforms appoints Ranjan Pai as independent director on its board

JSW One Platforms on Monday announced the appointment of Ranjan Pai as independent director on its board. The company is the e-commerce venture of the USD 23 billion JSW Group. It operates B2B tech-enabled marketplace JSW One MSME, to service the building material needs of Industrial & Construction MSMEs in India. As part of his role, Pai will provide strategic guidance to shape the company's future and creating long-term value for stakeholders, JSW One Platforms said in a statement. Pai has experience in education and healthcare sectors and in investing and guiding tech startups in India. Parth Jindal, Director of JSW One Platforms said, "I look forward to his invaluable insights as we build and scale JSW One into the largest tech platform in India's USD 400 billion addressable B2B market. His deep knowledge of the e-commerce ecosystem and guidance will be critical in enhancing our growth and governance structures as we work towards an IPO over the next 18 to 24 months." The ...

Building materials B2B e-comm segment heats up; JSW One prepares for IPO

JSW One prepares for IPO, Birla Pivot eyes $1 bn revenue in next three years

SAIC's MG Motor India to bring in new investors, JSW set to buy 35% stake

IndoEdge India Fund will buy an 8 per cent stake, a dealer trust will take a 3 per cent stake and an employee stock ownership plan will own 5 per cent

Highlights of the day: Two planes collide at Heathrow Airport while aircraft being towed

From Congress' meeting to plan for Delhi's Lok Sabha seats to the tremors felt in J&K, catch all the updates from around the world here

JSW Energy announces completing Rs 5,000 cr QIP to fund growth plans

The company, in a disclosure earlier, had said the proceeds would be used for investments in JSW Neo Energy, a subsidiary which holds green energy assets and repayment of certain borrowings

Electric vehicle industry continues to lose charge on localisation woes

Poses a hurdle as cells, which account for half the EV price, continue to be imported

Adani Ports, JSW, PSA looking to bag Rs 7,000 crore Tuticorin project

The envisioned project aims to elevate VO Chidambaranar Port into the inaugural transshipment hub on India's East Coast

JSW MG Motor India plans to sell a million electric vehicles by 2030

'The percentage of stake we hold is not as important as bringing the highest and best-available technology cars into India', says Sajjan Jindal

JSW MG Motor India to invest Rs 5,000 cr; focus on new energy vehicles

One of the key targets of JSW MG Motor India would be to bring down prices of NEVs closer to that of ICE vehicles

JSW MG Motor India venture aims to sell 1 million EVs in India by 2030

The joint venture aims to sell one million units of passenger electric vehicles in India by 2030 when the total market is expected to be 10 million units annually

JSW Group interested in acquiring critical mineral blocks: Chairman Jindal

Steel to Infrastructure JSW Group is interested in participating in auction of critical minerals, its Chairman Sajjan Jindal said on Wednesday. Jindal, who made the remarks at an event in Mumbai, said the move will help in backward integration of the group's plans for new energy vehicles. "We will certainly participate when the mining auction comes up," he said while replying to a question. The comments come a month after the JSW Group announced signing an agreement with the Odisha government to set up an integrated electric vehicle (EV) manufacturing facility in the state, entailing an investment of Rs 40,000 crore. Once completed, the project will mark JSW Group's foray into the automobile space. Union Mines Minister Pralhad Joshi has launched the second tranche of the auction of critical and strategic mineral blocks. The government also plans to launch the first tranche of offshore minerals auctions by June-July this year.

Expect accelerated growth post investment by JSW Group: MG Motor India CEO

MG Motor India expects an accelerated growth path with more aggressive expansion plans after getting the JSW Group as an investor, according to company CEO Emeritus Rajeev Chaba. With the company already establishing a well laid foundation based on technology, customer experience, gender diversity and community service in the first phase of its journey in the country, he said MG Motor India is now looking ahead to the next phase of growth. "Now with the investor coming in, definitely I would expect an accelerated growth path, and more aggressive expansion plans.That's what we look forward to and take advantage of the solid foundation," Chaba told PTI. He was responding to a query on how MG Motor India was looking ahead with the new investor coming in but declined to share details on the future roadmap citing an impending announcement by the joint venture between China's SAIC Motor and JSW Group next week. Last year in November, China's largest automaker SAIC Motor had inked a joint

Private Indian firms look to bet big on coal-fired power after long absence

The potential investments, which have not been previously reported, could cumulatively cost billions of dollars and demonstrate renewed appetite in an industry seen by many as financially unattractive

JSW Steel plans to borrow $750 mn loan to meet capital expenditure needs

JSW Steel Ltd., part of the $23 billion JSW Group, is sounding out lenders and a mandate is likely in the coming days, the people said, asking not to be identified as the information is private

JSW Group, Volkswagen begin talks to set up electric vehicle joint venture

Talks with JSW came within days of the German carmaker announcing it would supply components for EVs and battery cells to Mahindra & Mahindra

JSW Group, Volkswagen in talks for electric vehicle joint venture in India

This proposed project with Volkswagen would be distinct from the joint venture already underway with SAIC Motor Corp, wherein JSW Group holds a 35% stake