JSW Group will at first target 10 GWh of capacity by 2027, initially focusing on energy storage systems, and then move to cells later, Mint reported.
JSW Paints MD Parth Jindal noted that while AkzoNobel's Dulux has significant market share in the premium segment and JSW Paints has good sales in the value market, the partners will work out the distribution model based on geography
Continued global economic uncertainties as well as pressures from Chinese exports created pressure on Indian exporters, who largely export flat steel overseas
At the time of its insolvency admission, BPSL had outstanding liabilities exceeding Rs 45,000 crore. JSW Steel had submitted the highest bid for the company during the resolution process.
Tribunal asks JSW, lenders to present concrete steps by May 26 to comply with Supreme Court's directions on resolution plan reversal
The Supreme Court has cancelled JSW Steel’s ₹19,350 crore acquisition of Bhushan Power and Steel Ltd (BPSL), ordering the company's liquidation instead. The court found multiple legal and procedural lapses in the resolution process, including missed timelines, unfair treatment of operational creditors, and failure to verify JSW’s eligibility under insolvency rules. It criticised the conduct of the resolution professional and the Committee of Creditors for approving a flawed plan and accepting delays. JSW Steel also delayed payments and equity infusion post-approval. The deal’s collapse underscores the need for stricter compliance in high-value insolvency cases under the Insolvency and Bankruptcy Code.
With this expansion, JSW will compete with billionaire Gautam Adani's group that has set up a $1.2 billion copper smelter in Gujarat
Speaking to Moneycontrol in Davos, Parth Jindal confirmed that JSW Cement is poised to become the group’s fourth listed entity.
As per the government's guidelines, companies can bid twice for green hydrogen production in one mode, but the same cannot be applied for in two different modes.
The price increase is a result of continuously rising input costs and other external factors, the automaker said in a statement
JSW Energy eyes 20 GW of power generation capacity and 40 GWh / 5 GW of energy storage by 2030.
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Germany's Heidelberg owns 69.39 percent of HeidelbergCement India, which is listed on the local stock exchanges
Based out of the company's headquarters in Mumbai, Mehta will report to Parth Jindal and also work very closely with Sajjan Jindal, Chairman of the JSW Group.
The shift comes seven months after the the Sajjan Jindal-led group signed an agreement with the previous Biju Janata Dal government.
Karnataka Large and Medium Industries Minister MB Patil said state face stiff competition in the industrial sector from Tamil Nadu, Maharashtra, Gujarat, Andhra Pradesh, and Telangana
One of the two Indian conglomerates may acquire a 15-20% stake in Skoda Auto Volkswagen’s Indian operations. The partnership is expected to boost Skoda’s distribution network and production capabilities in India
The Indian conglomerate has unveiled an ambitious plan to scale up investments across various business verticals including steel, cement, paints, renewable energy, infrastructure, and automobiles. The planned investment will be funded through a combination of fresh equity, internal accruals, and debt.
Other potential buyers also include Nirma Group, JK Cement, Naveen Jindal group entity, and Oaktree Capital, as per the report.
As part of the deal, JSW Ventures, a unit of JSW International Tradecorp Pte Ltd,will buy an aggregate 35% stake in MG Motor India for a total of 35.77 billion Indian rupee ($429.4 million).
The JV plans to launch a mainstream or mass-market vehicle before the festive season in 2024 and a high-end electric convertible called the Cyberster in early 2025
The facility was lit-up on March 17, 2024, and after successful completion of trial runs and quality & delivery testing, the commercial manufacturing and sales have commenced, JSW Steel said
The comments come a month after the JSW Group announced signing an agreement with the Odisha government to set up an integrated electric vehicle (EV) manufacturing facility in the state, entailing an investment of Rs 40,000 crore.
The JV between JSW and Volkswagen is expected to focus on the electric vehicle segment.
The steel facility to is expected to drive economic growth in the region and generate around 30,000 direct and indirect jobs, the company has said