JSW Group to Invest Rs 600 Bn in FY26 in EV and Core Sectors

04 Apr 2025 CW Team

The JSW Group is set to invest Rs 600 billion in FY26, with a strategic focus on expanding both its core and emerging business segments. Of the total investment, Rs 150 billion will be directed towards its electric vehicle (EV) division, while the remaining Rs 450 billion will support the company's steel and energy operations.

As part of its push into the EV sector, JSW Greentech, the group's automotive arm, plans to establish a greenfield manufacturing facility in Aurangabad (Chhatrapati Sambhaji Nagar), Maharashtra. This new plant will focus on the production of electric trucks and buses, independent of JSW’s existing EV joint venture with MG Motor, which is backed by China’s SAIC Motor. Spanning 636 acre, the facility is projected to have an annual production capacity of 5,000 electric trucks and 10,000 electric buses.

The initial phase of the EV project will be financed through a debt of Rs 14.87 billion, with JSW Group providing the remainder of the funding as equity. The company is also in the process of securing a Chinese partner to support its EV operations, and a formal partnership announcement is expected in the near future.

Earlier in January, JSW Group signed a $ 35 billion agreement with the Maharashtra government. The deal aims to boost the state’s steel manufacturing capabilities, expand renewable energy initiatives, and promote the development of electric vehicles and lithium-ion battery production. This large-scale investment aligns with JSW’s broader vision of strengthening its presence across key growth sectors while supporting India’s transition to sustainable energy and transportation solutions.

News source: Manufacturing Today

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..