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JSW Steel enters into joint venture agreement with National Steel Holding

20 Aug 2022 Evaluate

JSW Steel has entered into a joint venture agreement (JVA) with National Steel Holding (NSHL) on August 18, 2022 for the purposes of establishing scrap shredding facilities in India using industry leading machinery, technical know-how and relevant processes in a suitable manner. This is in furtherance of the company’s endeavour to reduce its carbon footprint by setting a target of achieving 42% reduction in CO2 emissions intensity by FY 2030, from the base year of 2005.

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.

Peers
Company Name CMP
JSW Steel 1267.50
Tata Steel 182.85
Steel Authority 179.00
Jindal Stainless 755.20
APL Apollo Tubes 2153.00
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