JSW Steel’s wholly-owned subsidiary -- Peddar Realty (PRL) has incorporated a wholly-owned subsidiary in the name and style of ‘Acre Point Developers’ (APDPL). The certificate of incorporation issued by ministry of corporate affairs was received on November 12, 2026. Accordingly, APDPL has become a step-down wholly owned subsidiary of the company with effect from November 12, 2026.
The object of incorporating APDPL is to undertake strategic land acquisition and development activities, including development of building sites, infrastructure facilities, offices, residential premises, factories and other related activities to facilitate the future development opportunities of the company.
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.