JSW Steel Limited
JSW Steel is primarily engaged in the business of manufacture and sale of Iron and Steel Products.It is the flagship business of the diversified, US$ 23 billion JSW Group.The Group has interests in energy, infrastructure, cement, paints, sports, and venture capital.
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JSW Steel's board has approved participating in the IPO of its subsidiary, JSW One Platforms Ltd (JOPL). 🚀 **The Big Move:** JSW Steel plans to sell up to ₹811 Cr worth of JOPL equity shares as a promoter selling shareholder in the upcoming IPO. **Why it matters:** This move is...
JSW Steel Limited has informed the Exchange regarding 'Communication to Shareholders Dividend for FY 2025-26 Intimation on Tax Deduction at Source'.
JSWSL's Board proposed a final dividend of Rs. 7.10/share for FY26. It also approved fundraising up to ₹7,000 Cr via NCDs with warrants and/or Equity Shares through a QIP, subject to shareholder approval. Ms. Fiona Jane Mary Paulus was backed for re-appointment as an Independent Director.
JSW Steel forms a 50:50 Joint Venture with POSCO Group. JSW's subsidiary Saffron Resources, owning land in Odisha, will host a new 6 MTPA integrated steel plant. POSCO will invest ~INR 508.8 Cr. This strategic partnership aims to deepen ties and provide access to advanced steel technology.
JSW Steel and POSCO Group formed a 50:50 Joint Venture via Saffron Resources to establish a 6 MTPA greenfield integrated steel plant in Odisha. This partnership deepens strategic ties, providing access to advanced technology for high-grade steel production. POSCO will invest ~INR 508.8 crore.