JSW Techno Projects Management, a promoter-owned company of the JSW Group, will acquire a 49% stake in Odisha-based iron ore pellet manufacturer Brahmani River Pellets (BRPL), a move that coincides with its efforts to expand its footprint to the eastern part of India by acquiring stressed steel-making assets.
At least three high-profile bidders Adani Group, Hindujas and Sajjan Jindal’s JSW Group — have entered the fray to invest in Jaypee Infratech, taking the number of suitors past 20.
Debt-riden Jaiprakash Associates said today that alongwith JSW group, it has shown interest in completing real estate projects of group firm Jaypee Infratech as per the insolvency resolution plan.
The expert Appraisal Committee (EAC) for Infrastructure and CRZ projects of the Union Environment Ministry has deferred the proposed terminal and capacity enhancement of berths operated by the JSW Group’s South West Port Ltd at the Mormugao port, citing concerns of air pollution raised during a week-long public hearing.
Gujarat was late when it came to assuming the mantle of India’s Detroit. But that race was for vehicles running on internal combustion engines.
JSW Group is in talks with China’s Zhejiang Geely Holding Group Co. for a partnership to make electric vehicles (EVs).
Mumbai-headquartered JSW Energy, a division of Sajjan Jindal-led JSW Group, has announced plans to launch electric vehicles (EVs) by 2020. In line with the company’s “Make in India and Make for India” vision, the initiative is a means for JSW Energy to venture into emerging verticals, including energy storage and charging infrastructure.
JSW Group is more keen on buying ailing Bhushan Steel than other stressed steel entities in the country.This was disclosed here by Parth Jindal, the MD of JSW Cement, and son of JSW Group chairman Sajjan Jindal.
JSW Energy today said it has appointed Prashant Jain as its Joint Managing Director and Chief Executive Officer from June 16, 2017.
JSW Group, an Indian conglomerate with interests in metals to power generation, plans to venture into electric cars by 2020