Page 4 - Jsw

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

How Bhushan Power & Steel entered the 'dirty dozen' list of defaulters

The insolvency proceedings drew interest from major suitors, including Tata Steel Ltd. and Liberty House of the UK

JSW Infra Q4 results: Profit jumps 54% despite moderate cargo volume growth

The total expenses during the quarter increased by only about 1 per cent YoY, to Rs 790.6 crore

JSW breaks ground on 1,600MW power plant at Salboni in West Bengal

Chief Minister Banerjee described it as a "big moment", while Jindal said it was his "dream project"

JSW MG Motor India expects EVs to make up 65% of sales by end of 2025

JSW MG Motor India on Friday said it expects up to 65 per cent of its total sales to come from electric vehicles by the end of this year. The company, whose all-electric crossover utility vehicle Windsor has crossed 20,000 units cumulative sales milestone in six months, had 50 per cent of its sales from EVs in 2024. It had sold a total of 60,000 vehicles in 2024. At present, JSW MG Motor India sells three EV models -- ZS, Comet and Windsor -- and three internal combustion engine (ICE) vehicles -- Hector, Astor and Gloster. "EVs are constituting more than 60 per cent of sales in our M-o-M (month-on-month) sales in CY25. We will carry this momentum throughout the year and are confident that our EVs will drive 60-65 per cent of our total sales by year end," JSW MG Motor India Director Sales & Marketing, Rakesh Sen said. JSW MG Motor India is also expanding its new energy vehicle portfolio with MG Cyberster and MG M9, which will be retailed through its newly 'accessible luxury' ...

JSW Group plans Rs 60 K cr capex in FY26; including Rs 15 K cr for EV biz

Remainder to be deployed in core steel and energy operations: Company official

JSW Steel becomes world's most valuable steelmaker with $30.3 bn mcap

A sharp focus on innovation, sustainability, and strategic investments has cemented JSW Steel's position at the forefront of the industry, say group officials

JSW to set up 0.5 MMT capacity copper smelter in Odisha by 2028-29

In January, JSW said it was foraying into the copper business with a Rs 2,600 crore ($301.22 million) investment to operate two copper mines from Hindustan Copper for a period of 20 years

JSW-POSCO to set up mega steel plant in Keonjhar district: CM Majhi

Odisha Chief Minister Mohan Charan Majhi on Sunday said a mega steel plant with an investment of around Rs 40,000 crore will be jointly set up by JSW and POSCO in Keonjhar district's Patna area. Addressing a public gathering at Champua, Majhi said, "I had vowed to set up a mega steel plant in Keonjhar district. God was kind enough to make me the chief minister to realise this dream." In addition to Patna area, the CM said steel industries would be developed in various parts of the district, with a total investment exceeding Rs 1 lakh crore. On January 28, during the 'Utkarsh Odisha-Make in Odisha Conclave,' the JSW Group, led by Sajjan Jindal, signed an MoU with the Odisha government to establish a 5 million tonnes per annum (MTPA) steel plant in Keonjhar. In October last year, the JSW Group and South Korean steel giant POSCO had signed an MoU to set up an integrated steel plant in India with an initial capacity of 5 MTPA. However, the companies have not revealed the location wher

Kia, JSW MG Motor Feb sales up 23.8%, 16.3%, Tata Motors sees 8% dip

Automaker Kia India on Saturday reported a 23.8 per cent rise in total sales at 25,026 units in February compared to 20,200 units sold in the same month last year. The recently launched compact SUV Syros registered sales of 5,425 units in February with over 20,000 bookings, Kia India said in a statement. SUVs Sonet and Seltos clocked 7,598 and 6,446 units respectively while MPV Carens registered 5,318 units and Carnival Limousine had sales of 239 units last month, it added. "Kia India continues to grow steadily, driven by strong customer demand and our commitment to delivering cutting-edge mobility solutions...With a diverse and evolving product lineup, Kia India continues to respond to market demand with agility and precision," Kia India Senior Vice President and Head of Sales and Marketing, Hardeep Singh Brar said.

JSW Infrastructure seeks inorganic growth to expand logistics business

Look to invest Rs 9,000 crore as capex for logistics division

JSW Group to invest in cement, renewable & thermal power sectors in Assam

Advantage Assam 2.0 Summit: Sajjan Jindal spoke on the strategic importance of the Northeast in India's economic trajectory, noting the region will play a crucial role in India's economic growth

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