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In May 2023, JSW Steel reached an in-principle agreement with JFE Steel to establish a 50:50 joint venture to manufacture cold-rolled grain-oriented (CRGO) electrical steel in India. [46] [47] In March 2024, JSW Steel Italy SRL inked an MoU with the Government of Italy to invest €140 million in restarting production at the Piombino plant. [48]
Keni Port is a proposed deep-sea port at Keni village in Uttara Kannada district of Karnataka. [a] The Karnataka Maritime Board signed an agreement with JSW Infrastructure in November 2023 to build the port. It is estimated that the port will be constructed at a cost of more than ₹4 thousand crore. [3] [4]
JSW MG Motor India Pvt Ltd, previously MG Motor India Private Limited until 2024, is an automobile manufacturer in India, which was established in 2019.Since 2023, it is a joint venture between the Mumbai-based Indian multinational conglomerate JSW Group and Shanghai-based Chinese automotive manufacturer SAIC Motor, a Chinese state owned automobile manufacturer which markets vehicles under the ...
JSW MG Motor India, on 30 November 2023, China's SAIC Motor and the JSW Group formed a strategic joint venture, resulting in the latter gaining a 35% stake in MG Motor India through this partnership. [ 59 ] [ 60 ] In February 2024, the group inked a MoU with the Government of Odisha for a ₹ 40,000 crore (US$4.6 billion) Integrated EV and EV ...
In 2023, NMDC started exploring for Lithium reserves in the company's, majority owned, Mount Bevan mine in Australia. [ 16 ] NMDC Limited was awarded the Corporate Social Responsibility Award Global Metals Award 2018 in the Corporate Social Responsibility category in London, the first time since inception that an Indian company received the award.
Jindal Vijayanagar Airport (IATA: VDY, ICAO: VOJV), also known as Vidyanagar Airport, is a public airport serving Bellary, Hampi and Hospet in Karnataka, India. It is located between Vidyanagar Township and a steel mill owned by JSW Steel in Toranagallu. The airport was built by Jindal Vijayanagar Steel, which later changed its name to JSW Steel.
KIOCL Limited, formerly Kudremukh Iron Ore Company Limited, is a central public sector undertaking under the ownership of the Ministry of Steel, Government of India, with its head office and administrative activities in Bangalore. [3]
On 24 March 2024, Vedanta Ltd announced a $6 billion investment across various business verticals, including aluminium, zinc, iron ore, steel, and oil and gas, aiming to add at least $2.5 billion to its annual EBITDA. The investment is part of a strategy involving over 50 active projects expected to generate additional revenues of over $6 ...