Maharashtra Signs MoUs With JSW Energy and Torrent Power for Nuclear Projects

Maharashtra has signed MoUs with JSW Energy and Torrent Power to develop two major nuclear power projects in Ratnagiri district, totaling 4,200 MW capacity and ₹79,000 crore investment. These projects are expected to generate nearly 11,700 jobs and mark a significant expansion of the state’s clean energy infrastructure.

Maharashtra is rapidly emerging as India’s nuclear power hub, with multiple projects underway — from Asia’s first nuclear station at Tarapur to new MoUs with JSW Energy and Torrent Power, plus mega‑scale proposals like Jaitapur (9,900 MW) and recent 25,400 MW agreements with Reliance, Adani, NTPC, and Bajaj. Together, these initiatives could add over 30,000 MW of nuclear capacity and attract investments exceeding ₹6 lakh crore. 

Key Details of the MoUs

• JSW Energy Project
  Location: Bhiv Bunder, Aghari village, Dapoli taluka, Ratnagiri district
  Capacity: 2,800 MW (four units of 700 MW each)
  Investment: ₹44,000 crore
  Employment: 8,000–10,000 jobs
  Development: Planned in two phases of 1,400 MW each
  
• Torrent Power Project
  Location: Ratnagiri district or another suitable site in Maharashtra
  Capacity: 1,400 MW (two units of 700 MW each)
  Investment: ₹35,000 crore
  Employment: ~1,700 jobs
  

Strategic Significance

• Total Capacity: 4,200 MW nuclear power addition
• Total Investment: ₹79,000 crore
• Jobs Created: ~11,700 direct and indirect
• Policy Context: Enabled by the SHANTI Act (2025), opening nuclear energy to private investment
• Energy Role: Nuclear power will provide stable baseload electricity, complementing solar, wind, and pumped-storage projects

Comparison Table

Project	Capacity	Investment	Jobs	Location
JSW Energy	2,800 MW	₹44,000 crore	8,000–10,000	Bhiv Bunder, Ratnagiri
Torrent Power	1,400 MW	₹35,000 crore	~1,700	Ratnagiri/alternate site
Combined	4,200 MW	₹79,000 crore	~11,700	Maharashtra

Risks & Challenges

• Regulatory Approvals: Extensive environmental and safety clearances required
• Timeline Uncertainty: Final site selection and implementation schedules pending
• Local Impact: Community resistance and land acquisition challenges possible
• Financial Risks: High upfront capital costs could strain financing if delays occur

Outlook

These MoUs position Maharashtra as a front-runner in India’s nuclear expansion, aligning with the national goal of 100 GW nuclear capacity by 2047.

Maharashtra’s nuclear expansion aligns with India’s 100 GW nuclear target by 2047. With Tarapur’s legacy, Jaitapur’s scale, and private sector participation under the SHANTI Act (2025), the state is positioning itself as the epicenter of India’s clean, reliable baseload power future.

JSW Group Named India’s Fastest‑Growing Conglomerate Brand with 55% Value Surge

JSW Group, one India’s leading diversified conglomerates, has been recognised as India's fastest-growing conglomerate brand in the Brand Finance India 100 2026 report, with its brand value rising 55% year-on-year to USD 2.3 billion. The ranking, published by Brand Finance, the world's leading brand valuation consultancy, reflects the Group's continued strengthening of its market position through capacity expansion, value-added products and sustainability-focused investments.

The recognition comes in a year when India's branded economy demonstrated notable resilience. According to the Brand Finance India 100 2026 report, the collective brand value of India's top 100 brands reached a record USD 252.8 billion, an increase of 7% year-on-year, driven by continued investments in digital transformation, infrastructure, manufacturing, financial inclusion and innovation across key sectors. Against this backdrop, JSW Group's 55% growth stands out as the fastest among the country's conglomerate brands.

The Brand Finance India 100 2026 report ranks India's top 100 most valuable and strongest brands, and includes ten sub-sector rankings spanning banking, IT services, hospitality and other industries. Brand value is understood as the net economic benefit that a brand owner would achieve by licensing the brand in the open market, while brand strength measures the efficacy of a brand's performance on intangible measures relative to its competitors.

JSW Green Mobility backs Lithium Urban’s EV fleet expansion

• Company targets 3x growth in 2 years
• Planned expansion is expected to create 12,000-15,000 jobs while strengthening the company's integrated e-mobility platform

Lithium Urban Technologies, one of India’s leading integrated enterprise mobility platforms, today announced a strategic investment from JSW Green Mobility.

The Company has built an integrated mobility platform spanning electric fleets, charging infrastructure, fleet intelligence systems and centralised operational command capabilities. Today, the company manages over 25,000 trips daily through a network of more than 3,000 vehicles and 1,300 chargers, serving over 100 enterprise customers.

Dhanpal Jhaveri, Chief Executive Officer, Eversource Capital, said: "Mobility is increasingly becoming an ecosystem play, where value will accrue not to individual assets, but to platforms that can integrate infrastructure, technology and operations at scale. Lithium has built a business with strong operating foundations and this investment by JSW Green Mobility provides significant headroom for growth. By combining fleets, charging infrastructure, intelligent mobility systems and centralised operational oversight within a single platform, Lithium has developed capabilities that are increasingly difficult to replicate at scale. We look forward to this partnership with JSW Group, whose long-term orientation and industrial lineage add an important dimension to Lithium as it enters its next phase of value creation.”

The strategic partnership will accelerate Lithium’s expansion as demand for reliable, technology-enabled and sustainable mobility solutions continues to grow across enterprise and digital mobility ecosystems.

Parth Jindal, of JSW Group, said: “India’s mobility landscape is undergoing a structural transformation, driven by rapid urbanisation, electrification and the growing scale of digital commerce. We believe the future will be shaped by integrated, technology-led mobility platforms that can deliver reliability, operational efficiency and scale. Lithium has built a differentiated business with strong execution capabilities and high-quality infrastructure. We are excited to partner with Lithium Urban as it accelerates growth and helps shape the future of clean mobility in India.”

Don Thomas, Chief Executive Officer, Lithium Urban Technologies, said: "India's commercial mobility sector continues to be dominated by conventional fuel-powered vehicles. The opportunity ahead is not simply to replace vehicles, but to build the infrastructure, operating systems and technology capabilities required to make electrification work at scale.

Over the last decade, we have built that foundation — spanning charging infrastructure, fleet intelligence systems and centralised Network Operations Centres. We believe the market will increasingly shift to organised platforms that can deliver reliability, safety and operational efficiency. Lithium’s technology-enabled platform is well-positioned to accelerate that transition.

We are pleased to welcome JSW Green Mobility as a strategic investor. Their partnership will help us accelerate electric fleet deployment, expand charging infrastructure and continue strengthening the technology capabilities that underpin our platform."

The investment marks the next phase of growth for Lithium as it continues to expand its fleet, charging infrastructure and technology capabilities. With transportation systems becoming increasingly electrified, connected and software-enabled, it is focused on building the scale and operating capabilities required to support India's evolving mobility needs. Meresis Advisors acted as the exclusive financial advisor to this transaction.

JSW Infrastructure Wins 30‑Year PPP Mandate to Expand Kolkata Dock System, Scaling Container Capacity to 1.8 Million TEUs

JSW Infrastructure Limited (“the Company”) has received a Letter of Award (“LOA”) from the Syama Prasad Mookerjee Port Authority (“SMPA”), pursuant to a competitive bidding process, for the integrated development of the Outer Container Terminal comprising of two berths and five berths at Netaji Subhas Dock (NSD) at the Kolkata Dock System (“the Project”).

The Project has been awarded on a Design, Build, Finance, Operate and Transfer (DBFOT) basis under the Public‑Private Partnership (PPP) framework and is aimed at enhancing container handling capacity, improving operational efficiency, and supporting growing trade volumes in the region. Under the concession agreement with a 30-year tenure, the Project will be executed in two phases and is expected to create a total capacity of approximately 0.93 million TEUs.

This award builds on the Company’s earlier LOA for the reconstruction of Berth 8 and mechanization of Berths 7 and 8 at NSD, Kolkata (0.45 million TEUs), with interim operations expected to commence shortly. Together, these two projects meaningfully expand the Company’s footprint at one of India’s key eastern gateway ports and reinforce its strategic presence in the Kolkata Dock System. Upon completion, and including the capacity from the ongoing Berth 7 and 8 project, the Company’s combined container handling capacity at the Kolkata Dock System is expected to scale up to approximately 1.4 million TEUs.

The development is underpinned by strong demand fundamentals benefiting from a well-established hinterland and a high concentration of cargo originating from the Kolkata metropolitan region. Both the projects are expected to address existing capacity constraints at NSD, improve berth productivity through mechanization, and enhance vessel turnaround times.

Strategically, this marks the Company’s second win at SMPA within a year, further consolidating its position as a key private sector participant in the Government’s port privatization and PPP framework. Upon completion of the identified container growth projects, the Company’s overall container handling capacity is expected to increase to approximately 1.8 million TEUs. The addition of incremental container capacity is aligned with the Company’s strategy to further diversify into the container segment and progressively scale up its third‑party cargo business, thereby enhancing its overall cargo mix across geographies.

Uber and JSW Group Partner to Co‑Develop EVs for India’s Ride‑Hailing Market

Uber, India’s leading ridesharing app, today announced a partnership with the JSW Group for joint co-development and deployment of electric vehicles (EVs), tailored for the Indian ride hailing market, with the shared goal of supporting and scaling EV adoption for mobility services in the country in alignment with India’s net-zero goals.

The memorandum of understanding (MoU) was signed between Parth Jindal of JSW Group and Dara Khosrowshahi, Uber CEO, at the JSW headquarters in Mumbai last week.

Uber continues to expand access to electric mobility in India as part of its broader commitment to building a more sustainable future for urban transportation. Through partnerships with automakers, fleet operators, and ecosystem players, Uber aims to increase the availability and adoption of EVs across multiple categories on its platform.

As part of the (MoU) signed between Uber and JSW Green Mobility – a wholly-owned company of JSW Group - the two companies will deploy EV solutions that align with the price and performance expectations of the Indian market. The partnership will focus on exploring opportunities to develop and scale localised EV solutions suited for use on the Uber platform in various categories, in line with the evolving needs of India’s mobility ecosystem.

Speaking on the partnership, Parth Jindal of JSW Group, said, “We are excited to collaborate with Uber to explore scalable EV mobility solutions aligned with national net-zero goals for India. By combining Uber’s platform scale and mobility insights with JSW’s growing automotive and clean mobility ambitions, we hope to contribute meaningfully to India’s EV ecosystem.”

Prabhjeet Singh, President, Uber India and South Asia, said, “India’s transition to electric mobility requires strong ecosystem partnerships across technology platforms, automakers, fleet operators, and infrastructure players. Through this collaboration with JSW Group, we aim to help accelerate the adoption of EVs on the Uber platform by exploring solutions purpose-built for the needs of Indian riders and drivers. This partnership also reflects our continued commitment to supporting the Government of India’s vision of advancing green and sustainable mobility at scale.”

How Tata and JSW Partnership Will Reduce Reliance on China

Tata and JSW’s recent ~ $1 billion EV and battery R&D investments are aimed at building domestic capabilities in India—developing local battery chemistries, intellectual property, and EV systems—to reduce dependence on Chinese technology, which currently dominates global supply chains.

Why This Partnership Matters

• China’s dominance:   China controls over 70% of global EV battery production and is tightening restrictions on technology exports.
• India’s vulnerability: Most advanced chemistries (like LFP and LMFP) are sourced from China, leaving India exposed to supply chain shocks.
• Strategic response: Tata and JSW are investing in domestic R&D hubs to secure “chemistry sovereignty” and indigenize EV platforms.

Tata’s Role

• Agratas Ltd. (Battery Arm):
  • Investing $400M+ in Bengaluru R&D.
  • Focus: Lithium iron phosphate (LFP) and lithium manganese iron phosphate (LMFP) chemistries.
  • Goal: Develop in‑house IP and manufacture cells domestically, reducing reliance on Chinese imports.
• Global R&D footprint: Labs in Oxford and Bengaluru to accelerate innovation.

JSW’s Role

• JSW Motors Ltd.:
  • Investing $500M in Maharashtra R&D hub over 5–6 years.
  • Focus: Localized EV designs, proprietary software, and connected vehicle technologies.
  • Goal: Build indigenous EV systems tailored to Indian conditions, reducing dependence on foreign tech.

Comparative Snapshot

Company	Investment	Location	Focus	China Reliance Reduced By
Tata Agratas	$400M+	Bengaluru	LFP & LMFP battery chemistries	Domestic R&D → local cell manufacturing
JSW Motors	$500M	Maharashtra	EV localization & software	Indigenous EV platforms → less dependence on foreign tech

Strategic Impact

• Supply Chain Resilience: India gains control over critical EV components.
• Intellectual Property Creation: Prevents reliance on Chinese licensing.
• Export Potential: Localized EV systems could be adapted for other emerging markets.

Risks & Challenges

• Critical minerals: India still imports lithium, cobalt, and manganese.
• Scaling R&D: Moving from lab innovation to mass production is capital‑intensive.
• Global competition: China, South Korea, and Europe remain ahead in advanced EV technologies.

In summary: Tata and JSW’s partnership is India’s most ambitious EV R&D push yet, designed to reduce reliance on China by creating local battery chemistries, proprietary EV systems, and intellectual property—laying the foundation for long‑term supply chain independence.

Tata and JSW Pledge $1 Billion to Power India’s EV and Battery Future

Tata Group and JSW Group are jointly planning nearly $1 billion in investments to build India’s domestic EV and battery technology capabilities, with Tata’s Agratas unit focusing on advanced lithium chemistries in Bengaluru and JSW Motors establishing a $500 million R&D hub in Maharashtra.

Key Details

• Total Investment: ~$1 billion (₹8,300 crore).
• Tata Group (Agratas Ltd.):
  • Spending $400+ million on a new R&D facility in Bengaluru.
  • Focus: Lithium iron phosphate (LFP) and lithium manganese iron phosphate (LMFP) chemistries.
  • Goal: Reduce reliance on Chinese imports, build domestic IP, and support Tata’s upcoming gigafactory in Gujarat.
• JSW Group (JSW Motors Ltd.):
  • Investing $500 million over 5–6 years in a Maharashtra research hub.
  • Focus: Localizing EV designs, proprietary software, and connected vehicle technologies.
  • Aim: Strengthen India’s EV ecosystem and reduce dependence on foreign tech.

Strategic Significance

• Reducing China Dependence: Both conglomerates are targeting chemistries and systems currently sourced from China, aligning with India’s push for “chemistry sovereignty.”
• Domestic Capability: Batteries are the costliest and most complex EV component; local R&D will help India secure supply chains and intellectual property.
• Global Context: China is tightening controls on advanced tech exports amid trade tensions, making domestic innovation critical for India’s EV future.

Comparison of Tata vs JSW Plans

Company	Investment	Location	Focus Areas	Strategic Goal
Tata Agratas Ltd.	$400M+	Bengaluru	LFP & LMFP battery chemistries	Build IP, support gigafactory, reduce China reliance
JSW Motors Ltd.	$500M	Maharashtra	EV localization, software, connected vehicles	Domestic EV systems, exportable designs

Risks & Challenges

• Technology Scaling: Transitioning lab R&D into mass manufacturing is capital-intensive and risky.
• Supply Chain: Securing critical minerals (lithium, cobalt, manganese) remains a challenge.
• Global Competition: India must compete with established EV hubs in China, South Korea, and Europe.

Why This Matters

• Strengthens India’s EV supply chain resilience.
• Supports India’s 2030 target of 500 GW non‑fossil fuel capacity.
• Positions Tata and JSW as leaders in domestic EV innovation, reducing vulnerability to external shocks.

JSW Group has forged multiple partnerships in the EV and automotive space, including a joint venture with MG Motor India (SAIC), a technology transfer agreement with China’s Chery Automobile, and a strategic alliance with Tata Elxsi to build connected, software‑defined mobility solutions. These collaborations position JSW as a new challenger in India’s fast‑growing EV market.

Tata Group has built a wide EV ecosystem through partnerships across charging, components, and battery technology—working with Tata Power, Tata AutoComp Systems, and Agratas—while also collaborating with global players like Jaguar Land Rover (JLR) to accelerate electrification.

JSW MG Motor India Champions Cleaner Mobility with Air Purification Tech Across Its Portfolio

As the festive season brings joy across India, it also coincides with a sharp rise in air pollution caused by firecrackers, stubble burning and other factors. The resulting smog fills the air with invisible pollutants that can harm you and your family. Recognizing this growing concern, JSW MG Motor India is helping customers breathe cleaner air inside their vehicles through advanced PM 2.5 Air Filters and Air Purifiers across its portfolio*.

All MG models including the Astor, Gloster, Windsor, Comet, and ZS EV comes equipped with PM 2.5 Air Filters, and the popular MG Hector features a PM 2.5 Air Purifier with an inbuilt Air Quality Index (AQI) display. Together, these innovations ensure that MG owners can enjoy every journey in a cleaner, healthier in-cabin environment, even when outdoor air quality dips.

PM 2.5 refers to fine particulate matter smaller than 2.5 microns, so tiny that it can bypass the nose and throat and reach the lungs. MG’s PM 2.5 Air Filters trap up to 95–99% of these harmful particles, including dust, smoke, soot, pollen, and bacteria.

The PM 2.5 Air Purifier in the MG Hector takes cabin safety further with activated carbon filter, effectively removing pollutants, allergens, and odors. The integrated AQI display gives passengers real-time updates on the air quality inside the cabin, creating awareness and peace of mind.

This initiative aligns with JSW MG Motor India’s vision for a cleaner, smarter, and sustainable future. The company has consistently introduced technologies that improve everyday mobility while protecting the environment from pioneering connected cars to leading India’s EV transition with models like the ZS EV, Comet, and Windsor.

By integrating advanced filtration and purification systems across its range, JSW MG Motor India continues to prioritize customer well-being while promoting environmental responsibility.

*Available in specific variants

JSW Sarbloh Motors Partners with Tomcar USA to Launch India’s First Indigenized Tactical ATVs

JSW Sarbloh Motors, a subsidiary of JSW Defence Private Limited, a JSW Group company, today formed a strategic joint venture with Tomcar USA, a globally respected manufacturer of high-performance all-terrain vehicles (ATVs), for the local production of the TX range ATVs in India.

This landmark partnership signifies a major initiative by the JSW Group in line with India’s efforts to develop indigenously-manufactured tactical mobility platforms for Indian Armed Forces, Central Armed Police Forces (CAPFs), State Police units, and strategic industrial sectors requiring ultra-durable extreme mobility off-road platforms.

Under the joint venture, JSW Sarbloh Motors will indigenize, manufacture, assemble, and support the Tomcar TX range at its facility in Chandigarh. The first India-assembled TX units are expected to roll out by early 2026, with field trials and demonstrations planned for multiple defence and paramilitary agencies in the coming months.

Mr. Parth Jindal of the JSW Group, said "We are delighted to announce this strategic joint venture between JSW Sarbloh Motors and Tomcar USA, which marks a significant milestone in our commitment to enhance India's defence capabilities. The TX platform is designed to meet the rigorous demands of our armed forces and security agencies whilst ensuring superior durability, flexibility, and safety. At JSW, we believe in combining cutting-edge technology with local production capabilities to foster a robust industrial ecosystem that strengthens our national security and creates job opportunities.”

Mr. Jaskirat Vladimir Singh Nagra, CEO and Founder Director of JSW Sarbloh Motors, said, "This joint venture is more than a business partnership, it is a strategic alignment of vision and purpose. We are committed to offering India’s defence and industrial sectors world-class mobility platforms with the ruggedness, modularity, and reliability they demand. We look forward to this exciting collaboration and are confident that our joint efforts will set new standards in tactical mobility within India and beyond."

Mr. Ram Zarchi, Founder & Principal of Tomcar USA, stated "We are honoured to announce our strategic joint venture with the JSW Group, marking a pivotal milestone in Tomcar’s entry into India. This partnership will allow us to deliver our proven platforms to the Indian Armed Forces, combining Tomcar’s decades of mission-grade engineering with JSW’s advanced manufacturing expertise and first-class leadership. Together, we will strengthen India’s tactical mobility capabilities while expanding Tomcar’s global footprint, particularly into right-hand-drive markets.”

Mr. Mark W. Farage, Interim CEO of Tomcar USA, commented: “This joint venture is the culmination of a thoughtful and deliberate process aimed at creating a truly strategic partnership. We are excited to hopefully contribute to India’s adaptation to the demands of modern warfare by providing the proven, battle-tested Tomcar platform to the Indian Army. In addition, we see enormous opportunity to deploy the Tomcar into India’s diverse commercial sectors – from mining and timber, to search and rescue, border patrol, farming, and beyond. This partnership positions us to deliver unmatched performance, durability, and reliability to customers across the country.”

JSW One Platforms Raises Fresh Capital of ₹340 Cr, Enters Unicorn Club

JSW One Platforms Ltd., India’s leading tech-led B2B e-commerce platform, has raised ₹340 Cr of fresh capital, led by Principal Asset Management, OneUp, JSW Steel, and other investors. This round brings the company’s valuation to $1 billion, earning it a coveted unicorn status.

This milestone marks a valuation jump of over 3x from its earlier round of funding in April 2023, a testament to the platform’s strong product-market fit, resilient supply chain, and rapid business execution in just four years.

The capital raised will strengthen national supply chain leadership in steel and cement categories, deepen distribution and logistics networks across India, scale the fintech and NBFC arms, and enable wider access to credit for MSMEs. This will be enabled by building a robust tech stack that creates a truly integrated and digital procurement journey for small businesses.

By offering an end-to-end ecosystem, including commerce, credit, and fulfilment, JSW One aims to simplify sourcing and accelerate growth for over 500,000 building and manufacturing MSMEs across the country.

Parth Jindal, Chairman, JSW One Platforms, said, "JSW One Platforms is more than a marketplace, it’s how India's MSMEs procure, finance, and grow. We're solving critical pain points by combining our tech-led distribution model with JSW Group's strength in manufacturing. We are well-positioned to fulfil the ambitions of India's expanding MSME sector."

Gaurav Sachdeva, Joint Managing Director & CEO, JSW One Platforms, added, "JSW One’s goal is to enable reliable procurement for MSMEs through quality materials, timely delivery, and the right credit solutions. This capital allows us to expand our service network, scale our private brands and NBFC arm, and invest further in tech and logistics. We’re building a supply chain that will continue to add efficiency for MSMEs across India."

In April 2023, JSW One raised ₹205 Cr in funding from Japan’s Mitsui & Co., which helped scale its credit and logistics capabilities and expand into new markets.

JSW MG Motor India Launches Windsor PRO at BaaS Price of INR 12.49 Lakhs + INR 4.5/km*

Key Highlights: 

• The MG Windsor PRO will be available at an introductory ex-showroom price of INR 17,49,800 (valid for first 8,000 bookings)
• MG Windsor PRO will be available in the Essence PRO variant
• The company has onboarded new financiers, such as IDFC First Bank and Kotak Mahindra Prime, to further the reach of BaaS*
• MG Windsor became the fastest EV to achieve the 20K sales milestone since launch

Product Highlights:

• PRO Battery: Larger battery pack of 52.9 kWh, offering certified range of 449 kms** (MIDC P1+P2)
• PRO Safety: Offered with 12 major ADAS L2 features, providing a safe driving experience every time
• PRO Tech: Equipped with Vehicle2Load and Vehicle2Vehicle, capable of powering up other appliances and e-vehicles
• PRO Convenience: Enhanced comfort and convenience with the addition of Powered Tailgate
• PRO Interiors: Dual-tone Ivory and Black interiors enhance the premium appeal of the car
• PRO Style: 3 new colour shades (Celadon Blue, Aurora Silver, Glaze Red) offered with 18” dual tone machined alloys.

JSW MG Motor India, today, launched MG Windsor PRO that will elevate the business class travel experience with the inclusion of new tech and safety features, along with a new 52.9 kWh battery pack. The MG Windsor has witnessed phenomenal customer response since its launch and the addition of the PRO series will further strengthen its market performance. Launched at an attractive introductory BaaS price of INR 12.49L + INR 4.5/km and ex-showroom price of INR 17,49,800 (Valid for first 8,000 bookings), the MG Windsor PRO promises to accelerate the rapid transition to EVs.

JSW MG Motor India has onboarded new financiers, such as IDFC First Bank and Kotak Mahindra Prime to expand the reach of its Battery-As-A-Service (BaaS), an innovative ownership package that has made EV ownership flexible for Indian car buyers. This innovative ownership scheme was first launched in September 2024 and today is supported by six financiers, including Bajaj Finserv, Herofin Corp, Ecofy, VidyutTech, IDFC First Bank and Kotak Mahindra Prime. The company will offer lifetime battery warranty to the first owner of MG Windsor PRO. In addition, JSW MG Motor India will offer its 3-60 assured buyback plan for the MG Windsor PRO which ensures that it will retain 60% of its value after 3 years.

Speaking on the launch of MG Windsor PRO, Anurag Mehrotra, Managing Director, JSW MG Motor India, said, “MG Windsor has been instrumental in accelerating the growth of India’s 4W-EV segment, winning customers over with its compelling value proposition. Positive word-of-mouth from early buyers fuelled its rapid acceptance, extending its reach beyond metro cities into Tier II and III markets. By introducing a product that stands apart from the conventional, we have successfully connected with a new wave of buyers. Alongside our partners, we remain committed to redefining the Indian auto landscape by delivering relevant innovations at the right time with the right technology. The launch of the MG Windsor PRO reflects our commitment to providing expanded choices, instilling greater confidence in EVs in general, and inviting more customers to venture confidently into the future of sustainable mobility.”

PRO Battery, Interiors & Style: The Windsor PRO, now comes with a larger 52.9 kWh battery pack, offering an extended certified range of 449 km** (MIDC P1 + P2), while delivering 136 PS of power and 200 Nm of instant torque. In addition, the Windsor PRO will offer three new and vibrant colour options, Celadon Blue, Aurora Silver and Glaze Red, along with a new 18” dual tone machined alloys, enhancing its style quotient. The new dual-tone Ivory and Black interiors will entail an all-new cabin experience.

PRO Safety: The Windsor PRO also comes equipped with Level 2 Advanced Driver Assistance Systems (ADAS), offering 12 major features with 3 levels of warnings (audio, visual and haptic), always ensuring the safety of occupants. These features include Traffic Jam Assist, Vehicle Safe Stop, Adaptive Cruise Control, Bend Cruise Assistance (Sub-function of ACC), Lane Departure Warning, Lane Departure Prevention, Lane Keep Assist, Intelligent Headlamp Control, Forward Collision Warning. Automatic Emergency braking system, and Intelligent Hydraulic Braking Assistance.

PRO Tech & Convenience: The new Windsor PRO gets a suite of “PRO” features elevating comfort, technology and luxury. It now gets Vehicle-to-Load (V2L) and Vehicle-to-Vehicle (V2V) technologies. The V2L features allow users to power external devices directly from the car, making it ideal for outdoor enthusiasts and professionals alike. While the V2V technology enables energy sharing capabilities between compatible EVs – underscoring MG’s commitment to sustainable innovation. The car also comes equipped with a Powered Tailgate, adding a touch of convenience for customers.

The MG Windsor PRO features the futuristic AeroGlide design language and is built on MG’s Global Smart Electric Platform, renowned for its reliability. The new interiors are plush, and the reclinable (up to 135 degrees) Aero Lounge seats turn every journey into a premium experience. Additionally, the expansive Infinity View Glass Roof adds to the business-class experience. Immersive technology powered by i-SMART # with 80+ connected features,100+ AI-based voice commands, and entertainment features is powered by a massive 15.6” GRANDVIEW Touch Display in the central console.

JSW Group to Invest $120 Bn for World's Largest Steel Plant in Maharashtra

JSW Group, led by Chairman Sajjan Jindal, announced an investment of ₹1 lakh crore (approximately $120 billion USD) to build the world's largest steel plant in Gadchiroli, Maharashtra. The plant will have a capacity of 25 million tonnes per annum and is expected to be completed in seven to eight years, with the first phase ready in four years.

Gadchiroli in Maharashtra has significant reserves of high-quality iron ore. The region has significant reserves of high-quality iron ore, with a grade of nearly 64%, making it one of the best sources globally.

The planned Gadchiroli plant will surpass the current largest plant in India, which is the Steel Authority of India Limited (SAIL) plant in Bhilai with a capacity of 7 million tonnes.

The Gadchiroli steel plant will have a capacity of 25 million tonnes per annum, making it the largest in the world.

Iron ore in Gadchiroli was first discovered by Jamshedji Tata in the early 1900s. However, mining activities were limited due to the presence of Maoist insurgents until recent years.

The entire plant is expected to be completed in seven years, with the first phase ready in four years. The plant aims to be the most beautiful and environmentally friendly steel-making facility in the world.

The project is expected to boost employment opportunities and economic growth in the Vidarbha region. This project is part of JSW Group's broader vision to develop the Vidarbha region as a steel hub, which could significantly impact India's steel production and economy.

The state government plans to develop Gadchiroli and the surrounding areas into a steel hub, with multiple steel ventures planned in the district.

Telengana Govt Signs MoU With JSW Defence To Setup Manufacturing Facility for UAS

The Government of Telangana has entered into a Memorandum of Understanding (MoU) with JSW UAV Limited, a wholly-owned subsidiary of JSW Defence, to establish a state-of-the-art manufacturing facility to make Unmanned Aerial Systems (UAS) in the state.

As part of this strategic initiative, JSW UAV is set to invest approximately ₹800 crores in the project, through a technology arrangement with a leading US-based defence technology company.

Shri Revanth Reddy & Parth Jindal at Davos

The MoU was signed in the presence of the Honorable Chief Minister of Telegana, Shri Revant Reddy and Parth Jindal of JSW Group in the presence of senior dignitaries from the state on the side lines of the ongoing World Economic Forum (WEF) at Davos.

Speaking on the occasion, Shri Revanth Reddy, Honorable Chief Minister of Telengana, said —

Hyderabad, and Telengana, was long positioned in the global market as software and pharma leader. With clear vision and diligent efforts, we are now establishing Telengana as a clear leader for investments in manufacturing across sectors, ranging from semiconductor, defence, private space to FMCG. My government’s efforts to position Telengana as a preferred option for the world for its China Plus One strategy has started bearing results.

Parth Jindal of JSW Group said — 

This MoU underscores our unwavering commitment to playing a key role in indigenizing defense technology in India. We are deeply grateful to the Government of Telangana, led by the Honorable Chief Minister Shri Revanth Reddy, for its guidance and support through industry-friendly policies that make initiatives like this possible.

JSW Defence Pvt Ltd. – a part of the US$ 24 billion JSW Group – has a strategic partnership with Shield AI, Inc, a leading U.S defence technology company, to indigenize and manufacture Shield AI’s “V-BAT”, a Group 3 Unmanned Aerial System (UAS). This collaboration marks a significant step in boosting India’s defence capabilities by bringing in world-class UAS technology to the country.

JSW Energy Acquiring Temasek-Co-owned O2 Power for $1.47 Bn

JSW Neo Energy, a wholly-owned subsidiary of JSW Energy, has signed a definitive agreement to acquire O2 Power Pooling's renewable energy platform for an enterprise valuation of $1.47 billion (approximately ₹12,468 crore). 

This acquisition, which is expected to be completed by May 26, will significantly boost JSW Energy's renewable energy capacity and help it achieve its target of 20 GW capacity by 2030.

The acquisition is JSW Energy's largest since its inception and positions the company as a leading player in India's energy sector.

The acquisition is subject to approval by the Competition Commission of India (CCI) and other customary regulatory clearances. The O2 Power platform boasts a majority of its capacity tied up under long-term power purchase agreements (PPAs) with high-credit-rated off-takers.

O2 Power Pooling is a renewable energy platform jointly established by EQT Infrastructure and Temasek, a Singaporean sovereign wealth fund.

The O2 Power platform includes 2,259 MW of operational capacity, 1,463 MW under construction, and 974 MW in the pipeline, all scheduled to be commissioned by June 2027. This acquisition will increase JSW Energy's locked-in generation capacity by 23%, from 20,012 MW to 24,708 MW.

It's a major step for JSW Energy in expanding its renewable energy portfolio and strengthening its position in India's energy sector.

The O2 Power platform is spread across seven resource-rich states in India, and the acquisition will increase JSW Energy's locked-in generation capacity by 23%, from 20,012 MW to 24,708 MW.

China's Haier Group to Set Up India JV with JSW Group With Investment of Rs 1,000 Crore

Haier Group, a leading Chinese appliances manufacturer, is planning to set up a joint venture (JV) with India's JSW Group with an investment of ₹1,000 crore. This proposal has been submitted to the Indian government for approval, as it falls under Press Note 3 of 2020, which requires mandatory government approval for investments from countries sharing land borders with India.

The JV aims to tap into the growing demand for home appliances and consumer electronics in India, where Haier already has a significant presence.

Haier operates through its subsidiary, Haier Appliances India, which has two manufacturing units in Pune and Greater Noida.

According to media reports, the third-largest appliances company in India after LG and Samsung, Haier Group is also willing to part-away majority stake to JSW Group.

This collaboration is expected to boost manufacturing capacity and expand Haier's reach in the Indian market, which is the third largest for Haier Group globally after China and the US.

Apart from the recent joint venture with Haier Group, JSW Group has also partnered with another Chinese company, SAIC Motor.

In November 2023, JSW Group acquired a 35% stake in MG Motor India, a subsidiary of SAIC Motor, for ₹5,000 crore. This joint venture, named JSW MG Motor India Private Ltd, aims to expand MG Motor India's production capacity from 1 lakh units to 3 lakh units per annum.

Late last month, JSW Steel, in collaboration with Japan's JFE Steel, announced a JV to acquire thyssenkrupp Electrical Steel India, which is one of the first manufacturers of electrical steel in India.

JSW Group to Acquire Majority Stake in Navkar Corporation Ltd

JSW Infrastructure Limited (the “Company”), a part of the JSW Group and India’s second-largest private commercial port operator, through its wholly owned subsidiary JSW Port Logistics Private Limited (the “Acquirer”), has agreed to acquire 70.37% shareholding held by Promoters and Promoter Group in Navkar Corporation Limited (“Navkar”). Necessary definitive agreements have been signed between the parties.

The completion of the acquisition is subject to the receipt of customary approvals required from certain regulatory bodies and the completion of identified conditions precedent.

Navkar is listed on BSE and NSE. Its key operating facilities are:

• One Container Freight Station (CFS) and Gati Shakti Cargo Terminal at Somathane, Panvel and Two CFS at Ajivali, Panvel.
• An Inland Container Depot (ICD) at Morbi, Gujarat. The ICD is part of the Multimodal Logistics Park (MMLP).

Navkar also has a Container Train Operator License of Category 1 and Category 2. Navkar has established a foothold with facilities in the Western India industrial belt across the states of Maharashtra and Gujarat and leveraged its railway capability to extend its service network to Pan India.

The acquisition aligns with the Company’s strategy to pursue value-accretive organic and inorganic opportunities in the port and related infrastructure sector. The acquisition will result in the Company's foray into logistics and other value-added services. It will facilitate the business to offer improved port connectivity and streamlined supply chain solutions to its customers.

The acquisition also marks a first step towards the Company’s long-term vision of building and scaling an efficient pan-India logistics network for last-mile connectivity. Further, it complements the growth strategy of increasing the Company’s share of port-related container cargo driven by India’s strong economic fundamentals.

As a result of the Proposed Transaction, the Acquirer will be required to make an open offer in accordance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

JM Financial Limited acted as the exclusive financial advisor to the Company for this transaction.

The Impact of JSW Steel’s Possible Stake Acquisition in Teck Resources on Trading

Indian steelmaker, JSW Steel Limited (NSE: JSWSTEEL), has reportedly considering to acquire a 20% stake in Teck Resources Limited (NYSE: TECK), a Canada-based diversified mining company. JSW Steel, India’s largest producer, shook off interest from other companies to make the partial acquisition of Teck Resources LTD’s steelmaking coal business.

Financial value

The reported bid for the acquisition by the Mumbai-based steel giants is worth about $2 billion, with financial resources to be made available following discussions with several banks. JSW Steel LTD’s latest acquisition is part of its expansion, having announced in May 2023 that it would invest $45 million through its American Division, JSW Steel USA, to modernize operations in the US.

This article explores the potential impact of JSW Steel's possible 20% stake acquisition in Teck Resources on the stock markets and trading platform.

The metal and mining sector explores global reserves of minerals and metals for industrial applications, investments, and other purposes. Metals are also increasingly used in clean energy and manufacturing technologies that power the world. As such, mergers, sales, and acquisitions are significant in the mining industry.

JSW Steel's stake acquisition in Teck Resources, if materialises, will likely to substantially impact trading platforms. Teck Resources is a leading company in the metals and mining industry. Its products are used by some of the largest manufacturing firms in the world to produce hardware that powers financial activities globally.

This move will open up more market exposure for JSW Steel and is expected to have some impact on the mining and manufacturing industries in the region.

Access to new markets

Despite having an international presence, JSW Steel will have more access to new markets in Canada and can leverage this to solidify and expand its presence in North America. JSW Steel's acquisition of Teck Resources will give it access to cutting-edge mining technology.

This will allow JSW Steel to improve its operations and compete more effectively with other steel producers. It is also likely to lead to the development of new technologies that are specifically designed for the steel industry.

This benefits trading platforms looking to develop better systems and scale their operations to serve traders better. For example, manufacturers can develop more efficient electronic products that make computers faster and improve the trading experience for traders.

Increased Market Competition

The partial acquisition of Teck Resources by JSW Steel could have a broader impact on financial markets. Other steel producers and major players in the mining industry may be encouraged or challenged to acquire other firms to stay competitive.

This could result in an increased consolidation of technologies and an accompanying increase in new players. The market will react to this as investors come in to find trading opportunities. More competitors may come in as the Indian government seeks to sell up to a 2% stake in coal in India.

The top trading platforms may see an increase in new traders looking to trade financial markets thanks to the increased competition and economic activities. JSW Steel may be accessing new markets, but the impact of this move will open up more trading opportunities for investors globally.

Fundamental Data

Financial markets, such as stock markets, are heavily impacted by fundamental news of important events. For example, political and economic news, monetary policy releases, and news of companies' mergers, sales, and acquisitions are often important enough to influence investors’ demand and supply response.

A possible acquisition such as of Teck Resources, by JSW Steel, may see a change in the price of the company’s value on stock markets. This brings up an essential aspect of trading: tracking fundamental data.

Trading platforms typically pride traders with dedicated news feeds where they can track global fundamental news before making trading decisions. JSW Steel’s acquisition of a stake in Teck Resources is bound to generate interest and increased deal tracking via reported data.

JSW Steel Q1 report positive

The Indian steel giant would seek to build on its positive Q1 2023 performance even as it approaches the end of Q2 2023. Q1 2023 saw JSW Steel close with an 11% revenue growth (YOY). JSW Steel also hit 189% in PAT (YOY), maintaining its momentum from the previous year.

Investors looking at JSW Steel’s latest acquisition may be spurred by the Q1 performance and strong show of financial activity to increase their revenue and value. Coking coal, the main product of the coal business that JSW Steel acquired, is sold at around $110/t.

While JSW Steel Ltd is considering acquiring  stake in Teck Resources LTD’s coal business is not uncommon thing, the news is exciting to industry watchers and investors following significant updates that bring potential opportunities.

If acquisition happen, India-based steel giant will be linked with the Canada-based company to forge new ties and chart common grounds for mutual benefits. Trading platforms and the stock market may also benefit from this partial acquisition consideration by JSW Steel LTD.

JSW Steel May Acquire Stakes in Canada's Teck Resources for $2 Bn

JSW Steel Limited, an Indian multinational steel producer based in Mumbai, is considering a bid to acquire a stake of up to 20% in Canada's Teck Resources steelmaking coal business, as first reported by Bloomberg.

JSW Steel, India's second largest private sector steel company, is in early-stage talks for a possible acquisition and for financing this deal, JSW is in discussions with banks. The potential deal may total about $2 billion, the report said.

Vancouver-based Teck Resources, known as Teck Cominco until late 2008, is a diversified natural resources company engaged in mining and mineral development, including coal for the steelmaking industry, copper, zinc, and energy.

Besides JSW bid for Teck's steel business, Japanese steel maker Nippon Steel and Swiss trading and mining firm Glencore had also shown interest in the Canadian miner's coal unit.

In an another news-story about Teck Resources, the mines owned by Teck have been the subject of environmental concerns for decades because of chemicals like selenium, a mining waste product, that dissolve into mountain rivers flowing through Indigenous land and across the border into U.S. waterways. Many scientists attribute the malformed creatures and declines in certain fish populations to five enormous Canadian open-pit coal mines including that of Teck's that interrupt this wild landscape of dense forest flush with bears and wolves.

JSW Steel is a flagship company of the JSW Group led by Sajjan Jindal, and is part of the O.P. Jindal Group. The group's diverse businesses include steel, energy, infrastructure, cement and paints, across India, the United States, South America, and Africa.

Last month, it was reported that Sajjan Jindal is reportedly aiming to buy MG Motor India, a wholly owned a subsidiary of the Chinese automotive manufacturer, SAIC Motor, which markets vehicles under the British MG marque.

JSW Group Chairman Sajjan Jindal Reportedly Acquiring 48% in China- based Subsidiary MG Motors India

Sajjan Jindal, chairman of JSW Group, is reportedly aiming to buy into MG Motor India, a wholly owned a subsidiary of Shanghai-based Chinese automotive manufacturer SAIC Motor which markets vehicles under the British MG marque, said a report by Economic Times citing people privy with knowledge of the matter.

Mr Jindal will acquire the stakes in MG Motor India, via one of his private company. Notably, JSW group's listed companies — JSW Steel and JSW Energy — will not have any exposure to the automobile venture, the report said.

Gurugram headquartered MG Motor India was setup in the year 2017 and began its sales and manufacturing operations in 2019 with a facility in Halol, Gujarat. In January this year, MG Motor India decided to raise capital for funding its expansion in the country by tapping into Indian capital markets and reducing shareholding of its Shanghai-based parent organization SAIC.

Citing multiple sources aware of ongoing discussions, the ET report further said that Jindal is likely to own 45- 48% of MG Motor India, with dealers and Indian employees owning 5-8%, while SAIC will hold the rest.

Furthermore, the ET report also cited a senior government official, saying that MG Motor India will "become an Indian entity, instead of a Chinese one, with an eventual India listing in the next few years," said a senior government official.

Ranchi Startup Ayena Innovation Gets Rs. 6 Cr from JSW Steel Subsidiary for 31% Stake

Early last week, JSW Steel Coated Products (JSWSCPL), a wholly owned subsidiary of JSW Steel, announced that it reached an agreement to buy a 31% ownership in Ayena Innovation, a Ranchi, Bihar based startup that operates in the home furnishings and décor industry, for a cash payment of INR 59.9 crores.

The investment in Ayena Innovation will allow JSWSCPL to further broaden its customer portfolio mix and strengthen its position in the retail industry. In a statement provided to stock markets on Tuesday, the business stated that the indicative time frame for the conclusion of the transaction was 45 days from the date the agreements were executed.

Founded in 2020, Ayena is a startup registered with the Department for Promotion of Industry and Internal Trade that develops, manufactures, and sell quick-to-install modular solutions such as modular kitchens.

About JSW Steel, headquartered in Mumbai JSW Steel became India's second-largest private-sector steel company after the merger of ISPAT Steel and Jindal Vijayanagar Steel Limited.

Founded in 2013, JSWSCPL is a wholly owned subsidiary of JSW Steel. It claims to be the country's largest manufacturer and exporter of colour-coated steel products, and a wholly owned subsidiary of JSW Steel, according to the company's website.