JSW Group Targets USD 70 Billion Investment by 2030

17 Jun 2024 CW Team

The JSW Group has announced a substantial revision to its investment target, aiming to reach USD 70 billion by 2030. This updated figure includes a USD five billion allocation for electric vehicle (EV) projects in Odisha, first announced earlier this year.

The cornerstone of the Odisha initiative is a 50 GWh EV battery plant, complemented by facilities for EV manufacturing, a lithium refinery, copper smelter, and related component manufacturing units. This ambitious project underscores JSW's commitment to bolstering India's EV ecosystem and enhancing domestic manufacturing capabilities.

In addition to the EV venture, JSW Group plans to expand its footprint across key sectors such as steel, cement, and electricity generation. This expansion strategy aligns with the Group's broader growth objectives and aims to capitalize on emerging opportunities in India's industrial landscape.

JSW Group had initially outlined an investment target of USD 65 billion by 2030 in 2023. The flagship company, JSW Steel, is set to invest nearly Rs 65,000 crore over the next three years, including significant capital expenditure for the Dolvi project in Maharashtra. This initiative will boost JSW Steel's total capacity to 43.5 million tonnes of steel, reaffirming its position as a leading player in the Indian steel industry.

The revised investment plan underscores JSW Group's commitment to sustainable growth and underscores its pivotal role in driving India's industrial and economic development in the coming decade.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..