JSW Steel forms joint venture for Andhra Pradesh iron ore project

JSW Steel Limited has announced the incorporation of APJSW Private Limited, a joint venture with Andhra Pradesh Mineral Development Corporation Limited (APMDC). The JV was officially incorporated on August 25, 2025, and will focus on establishing the Konijedu Marlapadu Integrated Iron Ore Project in Andhra Pradesh. JSW Steel holds an 89% equity stake in the new company, with APMDC holding the remaining 11%.

The primary objective of this joint venture is to mine and beneficiate low-grade iron ore. The project is estimated to cost INR 1,075 crore and is expected to produce 1.3 million tons of beneficiated iron ore concentrate annually. This output aims to replace imported iron ore, leading to significant cost savings for JSW Steel.

APJSW Private Limited has an authorized capital of INR 15,00,000, divided into 150,000 equity shares of INR 10 each. JSW Steel's initial subscription amounts to 8,900 equity shares, totaling INR 89,000. The newly incorporated entity is yet to commence business operations.