Page 2 - Jsw

JSW Cement incurs loss of Rs 1,356 cr in Q1 FY26 due to exceptional item

JSW Cement reported a Q1 FY26 loss of Rs 1,356.17 crore due to a one-time CCPS conversion, even as revenue rose 7.77 per cent and operating Ebitda improved 39 per cent YoY

India among fastest growing economies: JSW chairman Sajjan Jindal

JSW Group chairman Sajjan Jindal on Thursday countered US President Donald Trump's recent remarks on India, saying India is one of the largest and fastest growing economies in the world. Speaking at the listing ceremony of JSW Cement at the NSE here, Jindal said India is the fastest growing large economy and has a great future ahead, days after US President Donald Trump's remark of India being a dead economy. "We are going to see a great future for India, because India is growing, it's one of the largest, fastest growing large economies in the world. Whatever Trump may say, that doesn't matter. We are the fastest growing large economy in the world," Jindal said. Amid the trade policy negotiations, Trump had called India as a "dead economy" while expressing disappointment with New Delhi's posturing to continue buying cheap oil from Russia. "I don't care what India does with Russia. They can take their dead economies down together," Trump had reportedly said. Stating that JSW Cement

SC reserves verdict on JSW Steel's ₹19,700 crore resolution plan for BPSL

The Supreme Court on Monday reserved its verdict on a batch of pleas related to JSW Steel's Rs 19,700-crore resolution plan for debt-ridden Bhushan Power and Steel Limited (BPSL). A special bench comprising Chief Justice B R Gavai and Justices Satish Chandra Sharma and K Vinod Chandran heard arguments from Solicitor General Tushar Mehta for the committee of creditors (CoC), senior advocate Neeraj Kishan Kaul for JSW Steel, and senior advocate Dhruv Mehta for the former promoters before reserving the verdict. As many as five pleas were heard afresh after the CJI-led bench, on July 31, recalled its May 2 verdict that had directed liquidation of BPSL and set aside JSW's resolution plan, criticising the conduct of the CoC, the resolution professional, and the National Company Law Tribunal (NCLT) for what it termed a flagrant violation of the Insolvency and Bankruptcy Code (IBC). One of the key issues was whether earnings before interest, tax, depreciation, and amortisation (EBITDA) ...

IBBI calls for CoC to discuss, record section 29A eligibility under IBC

The idea behind the proposed changes to IBC regulations is to bring more transparency and procedural fairness to corporate insolvency resolution

KPIT Tech shares fall 3% as Q1 profit drops; here's what the brokerages say

KPIT Technologies on Wednesday reported a net profit of ₹171.9 crore for the quarter that ended on June 30, 2025

JSW Energy Q1 results: Profit jumps 42% to ₹743 crore; revenue up 78%

JSW Energy on Thursday posted over 42 per cent rise in consolidated net profit to Rs 743 crore in the June quarter due to renewables capacity additions and contributions from O2 Power and Mahanadi plant. The company posted a net profit of Rs 522 crore in the year-ago period, a statement said. According to the statement, total revenue increased 78 per cent year-on-year to Rs 5,411 crore from Rs 3,043 crore, driven by organic capacity additions and contribution from Mahanadi and O2 Power. "Strategic acquisitions fuelling EBITDA growth as Mahanadi plant contributed incremental, Rs 867 crore while O2 Power (consolidated since Apr 9, 2025) contributed Rs 219 crore of EBITDA during the quarter," it stated. During the quarter, the net electricity generation rose 71 per cent year-on-year to 13.5 billion units (BUs from 7.8 BUs year ago) driven by organic RE capacity additions, contribution from O2 Power and Mahanadi plant and higher generation at Vijayanagar long-term tie-up. Renewable En

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

No immediate production impact due to rare-earth crunch: JSW MG Motor

Company says parts pipeline remains steady for now as orders placed in April are arriving; rare-earth supply disruption remains under close watch for future impact

JSW Infrastructure bags ₹740 crore project to develop Kolkata port

The project comes with a 30‐year concession period under the government's initiative to privatise ports

JSW Paints to buy almost 75% stake in Akzo Nobel India for ₹8,986 cr

Conglomerate to acquire 75% in Dutch paint maker for ₹8,986 cr; to become fourth-largest player in the sector

JSW Steel files review petition on SC verdict in Bhushan Power case

In a filing with the stock exchanges, the company said it filed a review petition before the Supreme Court on June 25, related to the judgment dated May 2

JSW MG Motor India to raise vehicle prices by up to 1.5% from July

JSW MG Motor India on Wednesday said it will hike prices of its vehicles by up to 1.5 per cent across most of its offerings from July 1. This revision is being done to mitigate the impact of rising input costs and other macroeconomic factors, the company said in a statement. The company sells a range of conventional engine and electric vehicles like Comet EV with price starting at Rs 7.36 lakh to SUV Gloster at starting price of Rs 43.35 lakh.

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 to move review petition against Bhushan Steel judgment before July 14

Lenders of BPSL had on May 13 indicated before the NCLT Delhi that they may prefer a fresh insolvency process for the company rather than sending it for liquidation

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

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 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 ...

Centre terminates services of SECI Chairman R P Gupta with immediate effect

SECI was at the heart of several controversies involving Adani, JSW & R-Power