JSW Group to invest INR 3 lakh crore in Maharashtra across various sectors like steel, renewable energy, electric vehicles, and cement.
Jan 22, 2025
JSW Group has committed to investing INR 3 lakh crore in Maharashtra across various sectors like steel, renewable energy, electric vehicles, and cement.
This investment has been announced at the World Economic Forum in Davos, Switzerland, and has been facilitated by a Memorandum of Understanding (MoU) with the Maharashtra government.
The investment will be crucial for Maharashtra’s growth and India’s transition to a greener future. With this investment, JSW Group plans to expand and enhance steel manufacturing using cleaner technologies as a significant portion of the investment will be dedicated to renewable energy projects.The company also intends to establish manufacturing facilities for electric vehicles and their lithium-ion batteries, as well as solar wafers and cell modules to further contribute to the state’s development.
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As per Sajjan Jindal, Chairman of JSW Group, this MoU reflects our unwavering commitment to Maharashtra. Through this partnership, we take another step towards our country’s vision of ‘Clean and Green Bharat.’ This investment will not only boost industrial development but also drive India’s green transition with sustainable technologies, clean mobility and renewable energy solutions.
