JSW to move Rs 40,000-cr EV, battery project from Odisha to Maharashtra: Report

Aurangabad and Nagpur in Maharashtra are now the top choices for the Sajjan Jindal-led group for its EV related projects, the report said.

The JSW group is set to move its planned Rs 40,000-crore electric vehicle (EV) and battery project from Odisha to Maharashtra, the Mint reported on September 24.

The move, a blow for the ruling BJP, comes seven months after the company signed an agreement with the Naveen Patnaik-led Biju Janata Dal government, the newspaper said. The BJD was voted out in the assembly elections in June, giving the BJP its first government in the eastern state.

Aurangabad and Nagpur in Maharashtra are now the top choices for the Sajjan Jindal-led group for its EV and battery projects, the report said.

Moneycontrol could not verify the report independently.

In February, the group had signed a memorandum of understanding (MoU) with the Odisha government to set up an EV and battery manufacturing plants in Cuttack and Paradip. The company said it would invest Rs 40,000 crore for the mega plants.

JSW had said "the world-class advanced technology-based project" consists of a 50 GWH EV battery plant for both mobility and energy storage systems, commercial e-vehicles and passenger electric cars, auto components like e-powertrain, lithium refinery, copper smelter and related component manufacturing units.

Moneycontrol also reported that the company was in talks with Volkswagen Group to set up an EV manufacturing joint venture in India.