Indian steel company JSW Steel said that its subsidiary JSW Steel USA is collaborating with TrueNorth Collective to deploy the Smart EPD Platform for monitoring, publishing, and digitally determining the environmental impact of its product portfolio. JSW Steel USA is claimed to be the first steel producer in the US in adopting Smart EPD for […]
JSW Steel said that its fully-owned subsidiary JSW Steel Coated Products has closed the previously announced acquisition of a 31% stake in Ayena Innovation. As per the terms of the deal announced in January 2023, JSW Steel Coated Products will pay INR 5.99 crores for the stake. Ayena Innovation, which was incorporated in 2021, is […]
JSW Steel has secured $182 million in financing from Intesa Sanpaolo and Banco BPM to modernize its plate mill facility in Baytown, Texas. The Indian steelmaker entered into a long-term financing agreement in this connection with the two Italian banks through its subsidiary JSW Steel USA. According to JSW Steel, $70 million of the financing […]
JSW Steel through its fully-owned subsidiary JSW Steel Coated Products Limited (JSCPL) is set to acquire National Steel and Agro Industries, a manufacturer and exporter of steel. According to JSW Steel, JSW Steel Coated Products filed a resolution plan in the corporate insolvency resolution process of National Steel and Agro Industries (Corporate Debtor) on 6 […]
JSW Steel has partnered with German-based engineering and technology company SMS group to reduce carbon emissions in its iron and steelmaking operations in India. The Indian steelmaker also announced an investment of INR 10,000 crores to cut carbon emissions from its steel operations, as part of its efforts to reduce GHG emissions by 42% to […]
JSW Steel has reported production of 15.69 lakh tonnes of crude steel for the month of July 2022, an increase of 14% compared to 13.82 lakh tonnes of the same month in the previous year. The Indian steel company produced 10.72 lakh tonnes of flat rolled products in July 2022, which is a 15% increase […]
JSW Utkal Steel (JUSL), a fully-owned subsidiary of JSW Steel, has secured the environmental clearance (EC) for establishing a greenfield integrated steel plant in Odisha from the Indian government. The clearance from the Union Ministry of Environment & Forest and Climate Change (MoEF&CC) is for a steel factory with a capacity of 13.2 million tonnes […]
JSW Steel has reported production of 14.6 lakh tonnes of crude steel for the month of November 2021, an increase of 10% compared to 13.32 lakh tonnes of the same month in the previous year. The Indian steel company had produced 14.25 lakh tonnes of crude steel in October 2021. In November 2021, JSW Steel […]
Linde India Limited said that its joint venture (JV) company — Bellary Oxygen Company has accepted the offer of JSW Steel for the purchase of its 855 tonnes per day air separation unit and other associated assets in Karnataka. Considering the expiry of the gas supply contract with JSW Steel on 14 November 2021, Bellary […]
JSW Steel Ltd said that the World Steel Association (Worldsteel) has elected the company’s chairman and managing director Sajjan Jindal as its chairman for the 2021-22 period. According to the iron and steel mills company, Sajjan Jindal becomes the first representative from India to serve in the post at World Steel Association. Headquartered in Brussels, […]