Sajjan Jindal-led JSW Steel on Friday said its consolidated crude steel production rose by 2.3 per cent to 7.03 million tonnes (MT) in the third quarter of the current fiscal. The company's steel output was 6.87 MT in the year-ago period, JSW Steel said in a filing to BSE. The company's Indian operation's crude steel production rose by 3 per cent to 6.82 MT, over 6.63 MT in the year-ago period, the filing said. Capacity utilisation at Indian operations excluding trial run stood at 91 per cent for the third quarter of the ongoing financial year. "Production and capacity utilisation for the quarter was affected due to temporary maintenance activity at one of the Blast furnaces at Dolvi in the month of October, which resumed normal operations in the first week of November," the company said. JSW Steel's 5 million tonnes per annum (MTPA) integrated steel project at Vijayanagar, set up by wholly owned subsidiary of the company, JSW Vijayanagar Metallics Ltd (JVML), is progressing ...
JSW MG Motor India on Wednesday reported a 55 per cent increase in sales at 7,516 units in December 2024, as compared to the year-ago month. The company recorded its highest-ever EV sales in December and NEV (new energy vehicle) sales accounted for over 70 per cent of the total sales with its crossover utility vehicle Windsor alone clocking 3,785 units, JSW MG Motor India said in a statement. Reflecting on 2024, a company spokesperson said it was a year of transformation with the successful launch of the joint venture (between JSW and China's SAIC) and refreshed brand identity, reaffirming commitment to India's automotive evolution. "Going forward, we will maintain our growth momentum while driving continuous disruption and innovation. We are committed to introducing new products every six months, alongside delivering exceptional customer service," the spokesperson added. JSW MG Motor India plans to build on this momentum into 2025 with a slew of innovations and products lined up f
JSW Group is in talks with Chinese automakers Geely and BYD to launch electric vehicles and e-trucks in India, aiming to establish an integrated mobility company under its JSW Green Mobility division
JSW Energy said the latest acquisition will increase the company's locked-in generation capacity to 24,708 MW, from the current 20,012 MW
Company to strengthen its ports in multiple states; focusing on its logistics arm too
India's star badminton player PV Sindhu is set to tie the knot with Hyderabad-based Venkata Datta Sai this month. Sai once managed an IPL team and is an executive director with Posidex Technologies
JSW MG has identified its dealer partners in 12 cities to establish MG Select showrooms, a premium showroom line separate from mass-market dealerships
JSW had earlier announced a $1.5 billion joint venture with SAIC Motor, the Chinese automaker behind the MG brand, to produce and sell MG EVs in India
JSW Group and Posco have signed an agreement to set up a steel plant with an initial capacity of 5 mtpa in India
Joint venture will collaborate in renewable energy, battery materials for electric vehicles
The transaction is being undertaken by Jsquare, a wholly owned subsidiary of JSW JFE Electrical Steel Private Limited (J2ES)
JSW Energy on Friday said that its two arms have signed agreements to supply 1,200 MW of power to Maharashtra State Electricity Distribution Company. JSW Renew Energy Six Ltd and JSW Renew Energy Thirty Ltd, step-down subsidiaries of JSW Energy, have signed power purchase agreements (PPAs) with Maharashtra State Electricity Distribution Company Ltd (MSEDCL) for state transmission utility (STU)-connected solar-wind hybrid capacity, according to a company statement. The agreements have been signed for two hybrid projects, each with a capacity of 600 MW, totalling 1,200 MW. The letters of award for these projects were received on August 29, 2024, and September 10, 2024, respectively, JSW Energy said. The projects are expected to be commissioned within 24 months, it said, adding that the agreements are set for a 25-year period at a tariff of Rs 3.60/kWh. Currently, the company has a project pipeline of 8.3 GW, with PPAs signed for 4.4 GW. JSW Energy has total locked-in generation cap
Vehicle manufacturer JSW Green Mobility has been allotted 636 acres of land in the Bidkin node of AURIC city and the plant will go into production in the next 12 to 18 months, an official said. After allotting 827 acres of land to Toyota Kirloskar Motors Private Limited, the administration has issued land to another vehicle production company in the Bidkin node of AURIC (Aurangabad Industrial City). The administration has issued 636 acres of land to JSW Green Mobility company in the Bikdin node. The land allotment certificate was issued online by the Maharashtra Industrial Township Limited (MITL) on Thursday, an official said. The company will establish an electric car manufacturing unit on 546 acres of the allotted land. Apart from this, the company will also produce commercial vehicles in the area of 90 acres. The company will invest Rs 27,200 crore here, which will create 5,000 direct and 15,000 indirect jobs, a release said on Thursday. The company will commence its work soon a
By repurposing used EV batteries, the company aims to extend their lifecycle, reducing waste and supporting the growth of an eco-friendly EV ecosystem in India
JSW MG Motor India on Friday announced a collaboration with Vision Mechatronics for repurposing used electric vehicle batteries with a homegrown battery management system for second-life usage in large-scale energy storage. The project with Vision Mechatronics, a technology company in the field of second-life batteries, will initially focus on a UPS backup solution and the first product has been deployed for an industrial facility in Pune to demonstrate the versatility and effectiveness of second-life EV batteries. Under the collaboration, JSW MG Motor India will provide EV batteries that are no longer roadworthy, to Vision Mechatronics which in turn will repurpose it into a second-life large-scale energy storage application. "With Vision Mechatronics we have done a 36 kilowatt UPS, which is going to be for industrial application...This one is using the cells of a battery which is not being used as such in the cars. It's perfect in terms of repurposing of the battery and so this als
The collaboration aims to make EVs more accessible by allowing customers to rent batteries at a minimal usage-based cost, reducing overall running costs compared to traditional ICE vehicles
The JSW group is not "withdrawing" its proposed Rs 40,000 crore electric vehicle (EV) and battery project from Odisha, a senior company official said on Tuesday. The company's announcement comes after a section of media reported that the JSW group plans to shift its EV and battery project from the eastern state to Maharashtra. Asked about media reports, Ranjan Nayak, executive vice president of corporate strategy, office of chairman and managing director said, "We are not withdrawing the EV and battery project from Odisha". The JSW group had on February 10, 2024, signed a memorandum of understanding with the Odisha government for establishment of an integrated electric vehicle and EV battery manufacturing project at an investment of Rs 40,000 crore in the state. At Naraj in Cuttack district, the JSW group had planned to set up an EV vehicle and component manufacturing plant, while at Paradip in Jagatsinghpur district, it proposed to establish a copper smelter and lithium ...
The JSW Group is relocating its Rs 40,000 crore EV and battery project from Odisha to Maharashtra, seven months after finalising an agreement with the state government
Hyundai, which was the topper last year, drops to third position
The first luxury car will be launched in the first quarter of 2025, and the company plans to open 12 MG Select showrooms