|

JSW Steel to commission 580 MW renewable power by March 2025

JSW Steel’s Board has approved an expanded power purchase agreement (PPA) to procure renewable power for a total of 2,507 MW across its sites at Vijayanagar, Dolvi, Salem, and Anjar. Of the initial 1,637 MW commitment, 375 MW has already been commissioned, with an additional 580 MW expected to come online by March 2025. The Board has now greenlit further renewable procurement, including a hybrid energy capacity of 600 MW (200 MW solar and 400…

|

JSW JFE acquires thyssenkrupp Electrical Steel India

JSW JFE Electrical Steel Pvt Ltd has finalized the acquisition of thyssenkrupp Electrical Steel India Pvt Ltd (tkES India) for Rs 40.51 billion.  This move enables JSW-JFE to enter the grain-oriented electrical steel (GOES) business, aligning with their plans to expand into this crucial sector. tkES India, based in Nashik, Maharashtra, is one of India’s pioneers in GOES manufacturing. The acquisition is being carried out through Jsquare Electrical Steel Nashik Pvt Ltd, a wholly-owned subsidiary…