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JSW Steel incorporates joint venture company
Aug-26-2025

JSW Steel has incorporated a joint venture (JV) company namely ‘APJSW’ on August 25, 2025. The object of incorporating JV is to set up the Konijedu Marlapadu Integrated Iron Ore Project (Project) at Andhra Pradesh to mine and beneficiate low-grade iron ore. The project will be set up at a cost of Rs 1,075 crore. The beneficiated iron ore concentrate available to the company is expected to be around 1.3 million tons per annum and would replace the imported iron ore usage, there by resulting in cost savings to the company.

Earlier, the company’s Board had approved the incorporation of a Joint Venture Company (JV) between the company and Andhra Pradesh Mineral Development Corporation (APMDC) with 89% equity held by the company and the balance equity stake of 11% held by APMDC (as free ride equity). 

JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.

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