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Modification at Halol plant to increase output, meet demand: JSW Motor

JSW MG Motor India on Wednesday said it is undertaking facility modifications at its Halol plant to enhance output to meet demand for its all-electric crossover utility vehicle Windsor and to prepare for new products to be sold under its premium retail chain MG Select. The company, which has witnessed the Windsor cross production milestone of 15,000 units, said it anticipates a production slowdown this month due to the facility modifications. The Halol plant has an annual production capacity of over 1 lakh units and plans to take it up to 3 lakh units by around 2027. JSW MG Motor India is diversifying its portfolio with the all-electric roadster MG Cyberster and electric three-row limousine MG M9 to be launched in the first half of this year under 'MG Select', company's new 'accessible luxury' brand channel. The two new models were unveiled at the Bharat Mobility Global Expo 2025 held in January. "We are increasing the capacity of the facility at Halol to meet the rising demand for

JSW Group's Sajjan Jindal unveils Rs 1.2 trn investment plan for Karnataka

Karnataka continues to be JSW's karmabhoomi with major expansions in steel, energy, infrastructure, cement, and paints

JSW Energy reduces capex to Rs 10,000 crore in FY25 citing strategic shifts

JSW Energy has revised its capital expenditure (capex) target for FY'25 to Rs 10,000 crore, down from an earlier estimate of Rs 15,000 crore, citing strategic shifts toward inorganic growth through acquisitions. In the first nine months of the fiscal, the steel major had incurred capex spending of Rs 6200 crore, an official said. "For the first nine months of FY'25, we have spent about Rs 6,200 crore, and we expect to close the year with around Rs 10,000 crore in total capex," Pritesh Vinay, Director of Finance and CFO, JSW Energy, said during the company's Q3 earnings call. Initially, the company had projected a capex of Rs 15,000 crore for the year. The higher expected investment in organic projects was impacted by sectoral constraints, particularly around connectivity and related challenges, he said. "In light of this, we have adjusted our approach by focusing more on inorganic growth opportunities, which will help us continue to deliver a steady growth trajectory at a certain .

Adani, JSW, investors eye Arshiya Ltd's assets amid insolvency process

Adani Ports, JSW Infrastructure, and key investors express interest in acquiring Arshiya Ltd, a logistics firm undergoing insolvency resolution with liabilities over Rs 6,647 crore

JSW Energy Q3FY25 results: Net profit falls over 27% to Rs 168 crore

JSW Energy on Tuesday reported over 27 per cent dip in its consolidated net profit to Rs 168 crore in the October-December quarter compared to Rs 231 crore in the year-ago period. Total revenue decreased by 1 per cent year on year to Rs 2,640 crore in the third quarter of 2024-25 from Rs 2,661 crore in the corresponding period last year, a company statement said. The finance cost for the quarter rose to Rs 565 crore in Q3 FY25 from Rs 521 crore as a result of capitalisation of projects, with the weighted average cost of debt standing at 8.87 per cent.

JSW group forays into copper mining with Rs 2,600 crore investment

Sajjan Jindal group to join sector where Adani, Aditya Birla Group rival each other

JSW Group signs MoU with Maharashtra to invest Rs 3 trillion in state

Diversified JSW Group on Tuesday announced plans to invest Rs 3 lakh crore across its businesses, in three regions of Maharashtra, including naxal-infested Gadchiroli. The conglomerate signed a memorandum of understanding (MoU) with the Maharashtra government on the sidelines of the World Economic Forum (WEF) here. The commitment from JSW is a significant step in fulfilling the state's vision to develop Gadchiroli as the 'steel city' of India, Chief Minister Devendra Fadnavis said, adding that the announcement is a clear testament to their confidence in the state's potential. "I am confident that this collaboration will further strengthen Maharashtra's position as an industrial and economic powerhouse, driving innovation, job creation, and long-term prosperity for our people," the chief minister added. JSW Group Chairman Sajjan Jindal said the state has been pivotal to JSW Group's journey of growth and innovation. "This investment will not only boost industrial development but als

JSW MG Motor asks government to reduce GST on plug-in hybrid cars

On July 5 last year, the Uttar Pradesh government issued an order removing registration tax on strong hybrid cars, sparking a debate within the automobile industry

Reliance Industries, L&T, and JSW line up new energy projects for 2025

RIL, L&T, and JSW likely to either commercialise their clean energy businesses or commission new ones in the near term

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 MG Motor India reports 55% increase in sales at 7,516 units in Dec 2024

JSW MG Motor India on Wednesday reported a 55 per cent increase in sales at 7,516 units in December 2024, as compared to the year-ago month. The company recorded its highest-ever EV sales in December and NEV (new energy vehicle) sales accounted for over 70 per cent of the total sales with its crossover utility vehicle Windsor alone clocking 3,785 units, JSW MG Motor India said in a statement. Reflecting on 2024, a company spokesperson said it was a year of transformation with the successful launch of the joint venture (between JSW and China's SAIC) and refreshed brand identity, reaffirming commitment to India's automotive evolution. "Going forward, we will maintain our growth momentum while driving continuous disruption and innovation. We are committed to introducing new products every six months, alongside delivering exceptional customer service," the spokesperson added. JSW MG Motor India plans to build on this momentum into 2025 with a slew of innovations and products lined up f

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

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

Who is PV Sindhu's fiance, Venkata Datta Sai who once managed an IPL team?

India's star badminton player PV Sindhu is set to tie the knot with Hyderabad-based Venkata Datta Sai this month. Sai once managed an IPL team and is an executive director with Posidex Technologies

JSW MG to unveil first luxury car Cyberster in January at Rs 65-70 lakh

JSW MG has identified its dealer partners in 12 cities to establish MG Select showrooms, a premium showroom line separate from mass-market dealerships

JSW plans entry into EV market, to launch in-house electric vehicle brand

JSW had earlier announced a $1.5 billion joint venture with SAIC Motor, the Chinese automaker behind the MG brand, to produce and sell MG EVs in India

JSW Steel, Posco look at 50:50 joint venture for steel plant in India

JSW Group and Posco have signed an agreement to set up a steel plant with an initial capacity of 5 mtpa in India

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

JSW Steel-JFE JV to buy thyssenkrupp Electrical Steel India for Rs 4,051 cr

The transaction is being undertaken by Jsquare, a wholly owned subsidiary of JSW JFE Electrical Steel Private Limited (J2ES)