JSW Steel has received approval from Board of Directors to transfer its Salav unit located at Salav Village of Raigad District, Maharashtra having a Direct Reduced Iron (DRI) capacity of 0.9 MTPA to JSW Green Steel, its wholly owned subsidiary, on a Slump Sale basis.
JSW Green Steel was incorporated by the Company on February 27, 2024 for the purpose of setting up a 4 MTPA integrated Green Steel plant at the Company’s Salav works, in phases, as a part of Company’s plan for reducing its carbon footprints. The business transfer agreement will be entered on March 26, 2025. The transaction would be completed on or before March 31, 2025.
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.
| Company Name | CMP |
|---|---|
| Tata Steel | 212.05 |
| JSW Steel | 1239.90 |
| SAIL | 173.50 |
| Jindal Stainless | 787.90 |
| APL Apollo Tubes | 2105.45 |
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