JSW Steel Limited has acquired 100 percent equity interest in Saffron Resources Private Limited, at an enterprise value of INR 679.34 crore with a holdback amount of INR 40.1 crore which shall be released upon meeting certain milestones. 

July 18, 2025

JSW Steel Limited has acquired equity interest in Saffron Resources Private Limited. Saffron Resources is currently engaged in the development of the land in its possession. The company presently holds 887 acres of land in its possession in Odisha.

The land may be used by JSW Steel Limited for its future expansion projects. JSW Steel will acquire 100% equity interest in Saffron Resources.

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The transaction will occur in 60 days from the date of signing the agreement. The acquisition is at an enterprise value of INR 679.34 crore. The transaction involves a holdback amount of INR 40.1 crore which shall be released upon meeting certain milestones.