PARTH JINDAL OF JSW GROUP
Mission 2032: JSW’s Inspire Institute of Sports launches elite swimming programme with Mizuho Bank
Swimming is the second biggest medal event at the Olympics with as many as 37 gold medals up for grabs at the upcoming Paris Games. But Indian swimmers never come close to reaching the final rounds, let alone winning a medal.
JSW Infrastructure seals deal; to buy Navkar Corporation
JSW Infra has finalized an agreement to purchase all shares held by the promoters of Mumbai's Navkar Corporation, which operates in the container handling sector, according to a disclosure to the stock exchange. Navkar Corporation offers a range of complementary products to the ports owned and managed by the Sajjan Jindal-group company. JSW Infra will pay Rs. 1,013 crore in cash for the stake acquired from Navkar Corporation's promoters.
JSW Steel USA to invest USD 110 mn to modernise plate mill in Baytown, Texas
JSW Steel USA invests in modernising steel plate mill in Texas to support US offshore wind energy expansion, aiming to reduce import reliance and promote clean energy for 10 million homes.
Indya and FabAlley's parent co raises Rs 50 crore from investors led by Sangita Jindal
High Street Essentials (HSE), the parent company of women’s fashion brands Indya and FabAlley, secures Rs 50 crore in funding led by Sangita Jindal of JSW Foundation. This investment will fuel Indya's expansion in the occasion wear and wedding market, leveraging strategic designer collaborations and global expansion plans. The company aims to open 10 new wedding stores this year and expand its international retail presence.
JSW Cement plans ₹3,000-cr manufacturing plant in Rajasthan
The new plant will help the company, a part of the infrastructure and metals conglomerate JSW Group, reach the markets in Rajasthan, Haryana, Punjab and the NCR, a region that generally offers higher realisation on sales than areas such as south-central India, which have easy access to limestone mines.
JSW Cement to invest Rs 3,000 crore to set up new cement manufacturing unit in Rajasthan
JSW Cement, a part of the $24.25-billion JSW Group, plans to invest Rs 3,000 crore in a new cement manufacturing facility in Rajasthan's Nagaur district. It will be funded by a mix of debt and equity. The facility will have clinkerization, grinding units, an 18 MW waste heat recovery-based power generation system. It is expected to create over 1,000 job opportunities.
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JSW Cement to invest Rs 3,000 cr to set up manufacturing facility in Nagaur, Rajasthan
JSW Cement plans to invest around Rs 3,000 crore to establish a cement manufacturing facility in the Nagaur district of Rajasthan. The greenfield facility will include a clinkerization unit and a grinding unit, with an 18 MW waste heat recovery-based power generation system. The investment is expected to create over 1,000 job opportunities and includes a 7-km overland belt conveyor for transporting limestone from mines to the plant.
JSW to spend ₹100 cr for a big leap into gymnastics
The centres will be developed by Leap Gymnastics, a new initiative launched by the JSW Group, which supports 6,000 athletes across disciplines through its sports arm, JSW Sports. "As a group, we want to see gymnastics grow both on a participation and recreational level as well as on a competitive level," said Tanvi Jindal, founder of Leap Gymnastics. "We want to open 25 facilities over the next five years."
NLSIU gets JSW grant, aims to expand student intake by nearly 350 pc
The National Law School of India University in Bengaluru received a grant from the JSW Group for the redevelopment of its academic block and establishment of the 'JSW Centre on the Future of Law'. The grant will add four floors to the existing two-storeyed building and support research on the impact of technology on the legal system.
Adani Gas arm ties up with MG Motor India for EV charging infra
Adani TotalEnergies E-Mobility partners with MG Motor India to enhance EV charging infrastructure in India, aiming to set up CC2 60 kW DC chargers at MG dealerships. The collaboration explores integrating public charging stations across platforms, emphasizing sustainable mobility and contributing to India's energy transition. MG Motor India shows growth despite recent sales dip.
Dr Ranjan Pai joins JSW One Platforms as independent director on its Board
JSW One Platforms, a division of JSW Group, has appointed Dr. Ranjan Pai as an independent director on its Board. Dr. Pai, known for his expertise in education, healthcare, entrepreneurship, and investment, aligns with the company's focus on driving innovation and value creation.
MG 2.0: JSW MG Motor India sets wheels rolling to give India another 'Maruti moment'
JSW Group and SAIC Motor-owned MG Motor India announced a joint venture to produce electric and internal combustion engine cars in India. With JSW's 35% stake acquisition, the partnership aims to challenge Maruti and Tata Motors' dominance in Indian markets. MG plans to capture a third of the New Energy vehicle market by 2030, focusing on EVs.
Sajjan Jindal looks to recreate iconic 'Maruti Moment' with JSW MG India
JSW MG, led by Jindal, targets selling a million NEVs by 2030 with Mumbai announcement. Plans include SAIC deal, Odisha investment, and focus on green mobility amidst geopolitical tensions, Hector, Astor models.
JSW Group interested in acquiring critical mineral blocks: Chairman Sajjan Jindal
JSW Group, led by Chairman Sajjan Jindal, eyes mining auction for critical minerals & offshore minerals auctions. Rs 40,000 crore EV manufacturing facility deal with Odisha. Focus on new energy vehicles integration.
Mumbai police closes case against Sajjan Jindal
The police said the complainant failed to cooperate and did not submit any evidence. She also failed to record her statement before a magistrate. The probe also found that the complainant and her mother were arrested by the Andhra Pradesh police on allegations of blackmail, cheating and forgery in February.
Sajjan Jindal's JSW Steel sounds out banks for $750 million loan
JSW Steel, part of the JSW Group, is planning to borrow $750 million for capital expenditure as it targets major capacity expansion, aiming to almost double its steel output to 50 million tons by the end of the decade. The Mumbai-based company recently started work on a $7.8 billion complex in eastern India and is reportedly interested in a 20% stake in Whitehaven Coal's Blackwater coal mine.
JSW Group elevates Kaustubh Kulkarni as group head of banking
Kaustubh Kulkarni has been appointed as the Head of Banking at JSW Group, in addition to his role as the Group Head of M&A and Strategic Financing. With over 27 years of experience in banking and finance, Kulkarni will oversee banking relationships across JSW Group's business verticals, supporting the conglomerate's expansion plans.
Steel, cement & even modern day EVs: Jindal's JSW takes big bet on India's eastern land
"Whenever and wherever JSW Group contemplates making investments, Odisha has always been the top destination in mind," group chairman Sajjan Jindal told ET. "We have already invested ₹30,000 crore here so far and we are committed to invest an additional ₹1,65,000 crore."
JSW Group announces entry into defence sector; to focus on domestic, overseas markets
Indian conglomerate JSW Group enters defence sector with new business vertical, JSW Defence, focusing on domestic and overseas markets. JSW Defence aims to supply equipment to Indian Armed Forces, become a global player, and contribute to India's ambition of being a USD 5 billion defence export economy. JSW Defence acquires majority stake in Gecko Motors, renamed as JSW Gecko, and secures Rs 250 crore order from defence ministry for supply of 96 ATOR N1200 specialist mobility vehicles. JSW Group partners with UK-based Copato for joint venture and technology supply license agreement to manufacture specialist mobility vehicles in India.
JSW Group to double investments in Tamil Nadu: Chairman Sajjan Jindal
"JSW Energy has invested over Rs 9,000 crore in renewable energy projects and out of the 1,310 MW that we committed, 350 MW has already been commissioned and the balance will be commissioned by June of this year," he said.
Sajjan Jindal refutes allegations against him, calls them baseless, says cooperating with investigation
Indian billionaire Sajjan Jindal on Sunday issued a statement responding to the Mumbai police FIR in alleged rape case, reported ET NOW. He has called the allegations “false and baseless” adding that he is committed to providing full cooperation throughout the investigation.
JSW Group shares fall up to 4% amid rape allegations against Chairman Sajjan Jindal
"Mr. Sajjan Jindal denies these false and baseless allegations. He is committed to providing full cooperation throughout the investigation," a representative for Jindal said in a statement, seen by Reuters. "As the investigation is ongoing, we will refrain from commenting further at this stage. We kindly request you to respect the privacy of the family," it added.
Mumbai Police books Sajjan Jindal on charges of rape, criminal intimidation
According to the statement of the 30-year-old woman, a doctor and model by profession, and this is part of the Mumbai police First Information Report (FIR) on January 24, 2022; Jindal allegedly called her to visit him at the JSW office in BKC (Bandra Kurla Complex) on the pretext of showing her his penthouse.
JSW Group to acquire 35% stake in MG Motor India
As per the agreement reached between the two companies, JSW Group will acquire 35% stake in SAIC’s Indian subsidiary MG Motor India for an undisclosed amount. The Chinese auto major will continue supporting the joint venture with advanced technology and products to deliver mobility solutions to the Indian consumer.
JSW Steel completes Rs 750 cr investment in JSW Paints
JSW Steel on Thursday said it has completed the Rs 750 crore investment in JSW Paints Pvt Ltd (JSW Paints). Like JSW Steel, JSW Paints is a group company of Sajjan Jindal-owned JSW Group.
JSW aims to be among the top 5 cement firms in India, says MD Parth Jindal
"We are slightly skewed towards institutional customers and that's where the synergy with the JSW Group really comes into play. This is because we sell our steel, cement and paint as one to our institutional customers and we have made huge inroads into that customer segment, Jindal said.
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