JSW Steel restructures assets, advances green steel initiatives
JSW Steel [BSE:JSWSTEEL] is undertaking a series of strategic moves, including restructuring assets and bolstering its green steel initiatives, as announced in a series of filings. Firstly, the Board approved the transfer of its Salav unit, located in Maharashtra and possessing a Direct Reduced Iron (DRI) capacity of 0.9 MTPA, to its wholly-owned subsidiary, JSW Green Steel Limited, on a slump sale basis for a consideration of INR2,233 crores. JSW Green Steel, incorporated in February 2024, will house the company's planned 4 MTPA integrated green steel plant at Salav, contributing to JSW Steel's carbon footprint reduction strategy.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
Supplementary Source Documents
News Alerts
Get instant email alerts when JSW Steel publishes news
Free account required • Unsubscribe anytime