๐ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐ฅ
โ
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator โ
Log In
News on Medial
Post-poll pickup in capex will drive steel demand: JSW Steel CEO
Money Control
ยท
1y ago
Medial
JSW Steel, a steel manufacturing company in India, predicts a strong domestic demand for steel after the elections. JSW Steel plans to spend INR 20,000 crore to increase its capacity to 50 million tonnes by 2031. The company expects to finance this expansion through internal cash generation and has no plans for an equity issue. Despite a decline in net profit in Q4 due to higher coking coal prices and weaker steel prices, JSW Steel remains optimistic, as it expects a correction in raw material prices and anticipates strong steel demand in India.
View Source
Related News
JSW Steel earmarks Rs 20,000 crore capex for FY25
Money Control
ยท
1y ago
Medial
Indian steelmaker JSW Steel is planning to invest INR 20,000 crore ($2.7 billion) in the fiscal year 2024-25 as part of its goal to increase its capacity to 50 million tonnes by 2031. The company had originally set a capex target of INR 20,000 crore for FY24, but revised it to INR 18,000 crore due to timing issues. The remaining capex will be carried forward to the next financial year. JSW Steel expects to spend INR 23,000 crore in FY26 and INR 21,434 crore in FY27.
View Source
India's JSW Steel appoints Robert Simon as CEO of JSW USA
IndianStartupNews
ยท
1y ago
Medial
JSW Steel has appointed Robert Simon as the CEO of its US operations. Simon, who has extensive experience in the steel industry, will lead the overall business of Baytown and Mingo Junction. The appointment comes after Mark Bush resigned in 2022, with Greg Manfredi temporarily filling the role. Simon has previously held key positions in companies such as Evraz North America and Steel Dynamics, and his expertise is expected to drive JSW USA's growth. Simon expressed his excitement at joining the company's team and contributing to its legacy of excellence.
View Source
JSW to invest โน65,000 cr for greenfield steel, cement plants in Odisha
Livemint
ยท
1y ago
Medial
JSW Steel has laid the foundation stone for a โน65,000 crore greenfield integrated steel manufacturing complex in Paradip, Odisha. The complex will include a 13.2 MTPA capacity steel plant, a captive power plant, jetties, a cement manufacturing unit, and a modern township. The project, expected to drive economic growth in the region, aims to create around 30,000 direct and indirect jobs. JSW Steel plans to adopt green technologies and circular economy practices in the facility.
View Source
Odisha CM lays foundation stone for JSW Group's Rs 65,000 crore steel facility
Money Control
ยท
1y ago
Medial
Odisha Chief Minister Naveen Patnaik has laid the foundation stone for JSW Group's steel project in Odisha, with an estimated investment of Rs 65,000 crore ($8.8 billion). The project, set to be located at Dhinkia Nuagaon and Gadakujanga, will have an annual steel manufacturing capacity of 13.2 million tonnes, along with a cement manufacturing unit and a modern township. JSW Steel expects the project to generate approximately 30,000 direct and indirect jobs and drive economic growth in the region.
View Source
JSW Steel appoints Robert Simon as CEO for US operations
Money Control
ยท
1y ago
Medial
JSW Steel has appointed Robert Simon as the new CEO of its US unit. Simon will oversee the overall business, including slab, coil, pipe, and plate production, and sales at Baytown and Mingo Junction. JSW Steel has a 1.5 million tonnes per annum steel-making capacity in Ohio, as well as downstream facilities in Texas. Simon previously consulted with companies like OmniTrax and served as CEO for Bayou Steel Group. His appointment follows the departure of Mark Bush in 2022.
View Source
JSW Steel-Japan's JFE Steel JV to acquire Thyssenkrupp Electrical Steel India for Rs 4,051 crore
Money Control
ยท
9m ago
Medial
JSW Steel has announced a joint venture with JFE Steel Corp, a Japanese steel company, to acquire 100% of Thyssenkrupp Electrical Steel India for INR 4,051 crore. The acquisition, in line with JSW Steel's strategy to enhance its proportion of value-added steel products, will enable them to enter the grain-oriented electrical steel manufacturing and sales business. The deal is subject to approval from the Competition Commission of India.
View Source
JSW Steel to buy $120 mn stake in Australian firm to expand coal reserves
VCCircle
ยท
12m ago
Medial
Indian steelmaker JSW Steel has announced plans to purchase a 67% stake in Australian private firm M Res NSW HCC for $120m. The move will enable JSW Steel to expand its coal reserves and ensure a reliable supply of raw materials for its operations. The company will hold a stake in coal mines in southern Australia with reserves of 99 million metric tonnes and an annual capacity of 6.5 million tonnes. JSW Steel intends to make the purchase through its Netherlands-based unit, and also plans to invest an additional $50m by 2023.
View Source
JSW Steel and Japan's JFE form JV to produce grain-oriented electrical steel in India
Money Control
ยท
1y ago
Medial
JSW Steel has partnered with JFE Steel Corporation to establish JSW JFE Electrical Steel, a joint venture focused on producing grain-oriented electrical steel in India. The manufacturing base will be in Karnataka's Bellary, with an investment of Rs 5,500 crore. The production is scheduled to begin in fiscal year 2027, with plans for further capacity expansion. Grain-oriented electrical steel is vital for energy-efficient transformers and the global market for this type of steel is projected to grow to $18.81 billion by 2030.
View Source
JSW teams up with Japan's JFE to acquire Thyssenkrupp's India arm
VCCircle
ยท
9m ago
Medial
JSW Steel has announced a joint venture with Japan's JFE Steel to acquire Thyssenkrupp's Indian unit for $480 million. The 50:50 joint venture, called JSW JFE Electrical Steel, will take over Thyssenkrupp Electrical Steel India. The deal involves the transfer of technology package relating to the operations of Thyssenkrupp Electrical Steel. The transaction is subject to approval from the Competition Commission of India and is expected to be completed within eight months.
View Source
Sensex rejig in December: Zomato to see $513 million inflows amid shake-up for 6 stocks!
Economic Times
ยท
7m ago
Medial
Food delivery firm Zomato has replaced steel giant JSW Steel in the BSE Sensex, as part of the index's periodic rebalancing. This move is expected to lead to inflows of $513 million into Zomato, while JSW Steel may face outflows of $252 million. Other stocks undergoing the reshuffle include Mahindra & Mahindra, ITC, Infosys, and Sun Pharma, which will experience minor weight reductions in the index. This reshuffling reflects the growing prominence of technology-driven companies in India's stock market.
View Source
Trackers
Active Indian VCโs
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything thatโs happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in