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JSW Steel plans Rs 20,000 crore capex for FY25, says CEO – EQ
In Short : JSW Steel plans to allocate Rs 20,000 crore for capital expenditure in FY25, according to the CEO. This substantial investment underscores the company’s commitment to expanding its production capabilities, enhancing operational efficiency, and driving growth in the steel sector. In Detail : The company had a capex spend of Rs 17,000 crore […]
Sajjan Jindal’s JSW Steel sounds out banks for $750 million loan – EQ
In Short : JSW Steel, led by Sajjan Jindal, is reportedly in talks with banks for a $750 million loan. This move suggests the company’s strategic financial planning, potentially for expansion, capital expenditure, or refinancing existing obligations. In Detail : The Mumbai-based firm’s need for cash has been growing as it aims to almost double […]
JSW Steel aims to double capacity to 50 MT in 3 yrs; renewables to power all plants: Sajjan Jindal – EQ Mag
The Indian steel manufacturing landscape has come a long way and has the potential to be the supply centre for catering to world demand, Jindal said.He recalled that in 1994, JSW Steel had approached lenders like ICICI with a proposal to erect a 1.2 million tonne capacity plant while Tata Steel had a capacity of […]
JSW Steel, Japan’s JFE Steel ink agreement to manufacture electrical steel in India – EQ Mag
The JV shall be able to manufacture the entire range of CRGO products at its proposed facilities at Vijayanagar, Karnataka JSW Steel, on Monday, announced that it has reached an in-principle agreement with Japan’s JFE Steel to establish a 50:50 joint venture company to manufacture cold-rolled grain-oriented (CRGO) electrical steel in India. In a regulatory […]
JSW Steel USA Ohio to invest USD 145 mn to upgrade operations – EQ Mag
Washington [US] : JSW Steel USA Ohio, a subsidiary of JSW Steel, announced its plans to invest USD 145 million in new projects to upgrade its manufacturing operations at Mingo Junction in Ohio. The subsidiary aims to meet the demand for quality steel products that are “melted and manufactured in the US”. The company said […]
India’s JSW Steel to Invest $1.3 billion to Cut Carbon Emissions – EQ Mag Pro
JSW Steel will collaborate with SMS Group and invest Rs 100 billion Indian (USD 1.26 billion) to cut down carbon emissions at its plants. The company will provide its technology experts, design, engineering consultancy and commissioning to execute various projects for decarbonisation. The company will also focus on replacing thermal power with renewable energy, higher […]
JSW Steel taking initiatives to reduce carbon footprint: Chairman Sajjan Jindal – EQ Mag Pro
JSW Steel is undertaking various initiatives to reduce carbon footprint in line with India’s net zero ambitions, its Chairman Sajjan Jindal said on Wednesday. According to the industrialist, his company has already earmarked a sum of Rs 10,000 crore to increase the use of renewable energy to replace thermal power and other green initiatives. “We […]
JSW Steel to invest Rs 10K cr to increase use of renewable energy, reduce emissions: Sajjan Jindal – EQ Mag Pro
The company’s ongoing expansion projects are oriented towards producing steel with higher use of renewable power, best-in-class digitalization to achieve operational efficiency and best available technologies to reduce associated CO2 emissions. To reduce its carbon footprint, JSW Steel has earmarked a sum of Rs 10,000 crore to increase use of renewable energy to replace thermal power […]
JSW Steel to invest Rs 10,000 cr to increase the use of renewable energy: Sajjan Jindal – EQ Mag Pro
The company’s ongoing expansion projects are oriented towards producing steel with higher use of renewable power, best-in-class digitalisation to achieve operational efficiency and best available technologies to reduce associated CO2 emissions. To reduce its carbon footprint, JSW Steel has earmarked a sum of Rs 10,000 crore to increase use of renewable energy to replace thermal […]