JSW Group Inks with Maharashtra Government for Rs 3 trillion Investment
ECONOMY & POLICY

JSW Group Inks with Maharashtra Government for Rs 3 trillion Investment

The JSW Group signed a MoU with the Maharashtra Government at the World Economic Forum (WEF) in Davos. The company will be investing Rs 3 trillion across key sectors, including steel, renewable energy, electric vehicles, lithium-ion batteries, solar wafer and cell modules, infrastructure and cement. 

This strategic initiative aims to create thousands of jobs, enhance industrial capabilities, and contribute to sustainable economic growth. As per the MoU, the Government of Maharashtra will facilitate the investment by expediting clearances, providing fiscal incentives, and ensuring the availability of land, water, power, and other infrastructure as per state policies.

Sajjan Jindal, Chairman of JSW Group, said, “This MoU reflects our unwavering commitment to Maharashtra, a state that has been pivotal to JSW Group’s journey of growth and innovation. Through this partnership, we take another step towards Hon'ble Prime Minister Narendra Modi Ji'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. We are deeply grateful to the Government of Maharashtra, led by Honorable Chief Minister Shri Devendra Fadnavis, for their visionary approach and industry-friendly policies, which make transformative initiatives like these possible.”

The partnership is poised to reinforce Maharashtra’s position as a top destination for investment, aligning with the state’s vision of inclusive and sustainable economic development.

The JSW Group signed a MoU with the Maharashtra Government at the World Economic Forum (WEF) in Davos. The company will be investing Rs 3 trillion across key sectors, including steel, renewable energy, electric vehicles, lithium-ion batteries, solar wafer and cell modules, infrastructure and cement. This strategic initiative aims to create thousands of jobs, enhance industrial capabilities, and contribute to sustainable economic growth. As per the MoU, the Government of Maharashtra will facilitate the investment by expediting clearances, providing fiscal incentives, and ensuring the availability of land, water, power, and other infrastructure as per state policies.Sajjan Jindal, Chairman of JSW Group, said, “This MoU reflects our unwavering commitment to Maharashtra, a state that has been pivotal to JSW Group’s journey of growth and innovation. Through this partnership, we take another step towards Hon'ble Prime Minister Narendra Modi Ji'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. We are deeply grateful to the Government of Maharashtra, led by Honorable Chief Minister Shri Devendra Fadnavis, for their visionary approach and industry-friendly policies, which make transformative initiatives like these possible.”The partnership is poised to reinforce Maharashtra’s position as a top destination for investment, aligning with the state’s vision of inclusive and sustainable economic development.

Next Story
Infrastructure Transport

Mumbai-Pune Expressway 'Missing Link' Nears Completion

The long-awaited "Missing Link" on the Mumbai-Pune Expressway is now 92% complete and is expected to open by August 2025. The 13.3-km stretch, developed by the Maharashtra State Road Development Corporation (MSRDC), will significantly improve connectivity between Khopoli and Kusgaon. This eight-lane access-controlled expressway bypasses the steep 19-km Khandala Ghat section, reducing the route by 5.7 km and cutting travel time by 20-30 minutes. The new alignment is designed to ease monsoon-induced congestion and minimize landslide risks. The project features two tunnels—1.75 km and 8.92 km..

Next Story
Infrastructure Transport

Gurugram Metro to Upgrade 335.52 km of Roads

In a significant move to enhance access to the upcoming Gurugram Metro, the Gurugram Metro Rail Ltd. (GMRL) has identified a total of 335.52 km of roads, lanes, and adjoining areas in need of improvement. This initiative, which is part of the metro project's broader goals, focuses on improving walkability and promoting non-motorised transport (NMT) around metro stations, benefiting daily commuters and residents. The infrastructure upgrades will include improvements to the carriageway, the development of green zones and swales, pedestrian paths, cycle paths, service roads, and the installation ..

Next Story
Infrastructure Transport

URC Constructions Wins Bid for Veerannapalya Metro Station

Bangalore Metro Rail Corporation Ltd. (BMRCL) has awarded the remaining construction contract for the Veerannapalya Station of the Blue Line to URC Constructions Pvt. Ltd. after the firm emerged as the lowest bidder. The bid, valued at Rs. 357.4 million, is for the completion of the elevated station under Phase 2B of the Bangalore Metro project. This project is part of the under-construction Blue Line of Bangalore Metro's Phase 2A (ORR Line) and Phase 2B (Airport Line), which will connect Silkboard, KR Puram, and Bengaluru International Airport through 30 stations. Initially, the constructio..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?