Page 8 - Jsw Group

CCI approves JSW Group's acquisition of up to 38% in MG Motor India

In November last year, the JSW Group had announced the acquisition of a 35 per cent stake in MG Motor India

JSW Energy Q3 net profit up 28% at Rs 231 crore, revenue rises 13%

The revenue and Ebitda growth, the company said, was driven by incremental contribution from the renewable portfolio and strong thermal performance, largely driven by a buoyant merchant market

Stocks to Watch today: Zee, Cipla, MRPL, Axis Bank, Medi Assist, JSW Group

Stocks to watch on Tuesday, January 23, 2024: Zee Entertainment in focus as Sony India calls-off merger; Axis Bank, Havells, JSW Energy, L&T Housing Finance, RECL and Tata Elxsi to Q3 results today.

Odisha clears JSW's Rs 40,000 cr proposal to set up EV manufacturing units

The Odisha government on Monday approved 14 proposals including the JSW Group's plan to set up electric vehicles and component manufacturing units in Cuttack and Jagatsinghpur districts with an investment of Rs 40,000 crore, a senior official said. The proposals were approved at the Cabinet meeting chaired by Chief Minister Naveen Patnaik. "The Cabinet approved a special incentive package for the JSW Group's ambitious EV and component manufacturing projects at Naraj in Cuttack, and Paradip in Jagatsinghpur district", chief secretary Pradeep Kumar Jena told reporters. These projects, with a combined investment of over Rs 40,000 crore and employment potential of over 11,000, are set to usher in a new era of industrial growth and job creation in the state, he said. The JSW Group has proposed to set- up an EV & EV battery manufacturing project at Naraj, Cuttack. The company is also planning to set up an original equipment manufacturing (OEM) plant for EVs and components in the same ...

JSW Energy proposes to top Adani's bid for coal-power plant: Report

In a letter, JSW Energy has asked India's insolvency court to allow it to participate in an auction for the Amarkantak project

JSW Group ties up with Finland-based Coolbrook for low-carbon emission tech

JSW Group on Thursday said it has partnered with Finland-based firm Coolbrook to implement a low carbon emission technology at its Vijayanagar plant in Karnataka. In a statement, JSW Group said the partnership follows Coolbrook's successful completion of the first phase of large-scale pilot tests for RotoDynamic Technology at the Brightlands Chemelot Campus in the Netherlands in 2023. "This strategic partnership will focus on implementing Coolbrook's RotoDynamic Heater (RDH) Technology at JSW's manufacturing sites at Vijayanagar Works in Karnataka with the primary goal of achieving low CO2 emissions in steel and cement production," it said. The RDH technology utilises renewable electricity to power high-temperature industrial processes in steel and cement production, significantly reducing the need to burn fossil fuels, JSW Group said. "Deployment of RDH Technology is expected to have a sizeable impact on the decarbonisation of the group's manufacturing process," P K Murugan, ...

Sajjan Jindal's JSW Cement begins talks with i-bankers for Rs 6k cr listing

The Sajjan Jindal-led JSW group is likely to list its cement business after the general elections

JSW Group's Sajjan Jindal suggests setting industrial parks near airports

Co-chairman of Invest Karnataka Forum (IKF) and JSW Group chairman Sajjan Jindal on Monday suggested setting up industrial parks in areas that are only about a two-hour drive from airports in the state. While participating online in the first reconstituted IKF meeting chaired by Large and Medium Industries Minister M B Patil, Jindal said setting up industrial parks in areas close to airports would attract increased investment. Responding to Sajjan's suggestion, Minister Patil said the government also intended to set up industrial parks in an area of about 5,000 acres to 10,000 acres. It was also decided at the meeting to form sub-groups within IKF to focus on sectoral investment. The meeting reviewed key developments of the past months and deliberated on charting the roadmap for going forward.

Mcap club 2023: Tata group remains No 1; Murugappa, JSW in top 10

Ambani's group mcap is Rs 19.42 trillion at the end of CY23, up 10.7 per cent from the Rs 17.6 trillion a year ago

JSW Group to double investments in Tamil Nadu: Chairman Sajjan Jindal

Noted industrialist and Chairman of the diversified conglomerate JSW Group Sajjan Jindal on Sunday said his company is planning to double the investments made in Tamil Nadu across sectors over the next few years. Jindal, who is here to take part in the Global Investors' Meet organised by the Government of Tamil Nadu said JSW as a group has invested Rs 15,000 crore in the state till date. JSW Group has a presence in Tamil Nadu with its JSW Steel and JSW Energy businesses. Heaping praise on the ruling DMK government, Jindal said Tamil Nadu has been a pioneer in the development of industries and continues to provide the right ecosystem that nurtures entrepreneurship with innovation at its core. Tamil Nadu's growth across sectors, especially automobile, auto-components, fertilisers, sugar, textiles and Information Technology has helped position India as a frontrunner on the global map, he said. Jindal also remarked that the state has the highest number of factories manufacturing ...

Tata Electronics to sign deal worth over Rs 12,000 cr with TN govt: Report

Reports suggest that Tata Electronics is gearing up to invest Rs 7,000 crore in the expansion of its Hosur plant, spread over a six-year timeline

South Western Railway, JSW enter into agreement for iron ore transportation

South Western Railway (SWR) and JSW Minerals Rail Logistics Private Limited entered into an agreement on Friday for operation of five special type of wagons with 'side discharge' arrangement for unloading, officials said. It will be put to use for transportation of iron ore from the mines at Mineral Enterprises Ltd Siding, Sasalu and Swamihalli to the steel plant of JSW at Tornagallu. This is in addition to seven rakes for which agreement was signed on October 17, they said. In a statement, SWR officials said, "Total 12 BOBSNS (Bogie open hopper wagons with bottom discharge arrangement to carry ballast ores) rakes shall be procured by JSW Minerals Rail Logistics Private Limited. The rake is manufactured by Titagarh Rail System Limited, Kolkata and the first rake is expected to operate from April, 2024." JSW Minerals Rail Logistics Private Limited is investing Rs. 29.57 crore per rake. A rebate of 10 per cent is granted to the customer on base freight for every booking, it ...

Ford Motor cancels deal to sell its Tamil Nadu plant to JSW Group

The JSW Group had finalised an agreement to buy the Ford plant for around $100 million, but Ford called off the deal as it is no longer looking to sell the factory

JSW Steel arm Periama acquires JSW USA, purchases remaining 10% stake

JSW Steel on Tuesday said its arm Periama Holdings LLC (Periama) has completed the acquisition of JSW USA by purchasing the remaining 10 per cent stake in its "common stock". Periama Holdings LLC (Periama) is a wholly-owned subsidiary of domestic player JSW Steel. "Periama on December 18, 2023 (US time) completed the acquisition by purchase of the remaining 10 per cent stake in the Common stock of JSW USA," the filing said. Consequent to completion of this acquisition, Periama's shareholding in JSW USA has increased from 90 per cent (pre-acquisition) to 100 per cent (post-acquisition) and JSW USA has become a wholly-owned subsidiary of Periama and a step down wholly-owned subsidiary of JSW Steel, it said.

Periama completes acquisition of remaining 10% stake in JSW Steel's USA arm

In October this year, JSW Steel announced that Green Suppliers and Services Pte Ltd has approached Periama about their intention to sell their stake in JSW USA

JSW group stocks decline amidst rape allegation against chairman Jindal

The shares of the group's flagship firm, JSW Steel, fell 1.5 per cent, JSW Holdings fell 1.3 per cent, and Shiva Cement fell 2.4 per cent

Shares of India's JSW Group drop after rape allegation against chairman

Shares of JSW Group fell as much as 5% on Monday, a day after its billionaire Chairman Sajjan Jindal said that local media reports accusing him of rape were "false and baseless".

Mumbai police book JSW Group boss on alleged charges of rape, assault

Sajjan Jindal has called the allegations 'false and baseless'

JSW Group, China's SAIC Motor begin negotiations on royalty fees

China's largest auto firm keen to get higher royalty fee; JSW group wants to go with industry benchmark

Import influx, post-festival slack in demand prompt steel price correction

According to market sources, steel companies have corrected the list price by 2-3 per cent for December to align with the levels at which the market was operating