+
JSW, APMDC Form Rs 1.08 Billion Iron Ore JV in Andhra
Steel

JSW, APMDC Form Rs 1.08 Billion Iron Ore JV in Andhra

JSW Steel has incorporated a new joint venture, APJSW Private Limited, in collaboration with the Andhra Pradesh Mineral Development Corporation Limited (APMDC), to establish the Konijedu Marlapadu Integrated Iron Ore Project. The JV was formally incorporated on 25 August 2025, following board-level approval of the partnership, with JSW Steel holding an 89 per cent equity stake and APMDC retaining the remaining 11 per cent as free ride equity.

APJSW Private Limited will be responsible for mining and beneficiating low-grade iron ore from the Konijedu Marlapadu site in Andhra Pradesh. The project involves an estimated investment of Rs 1.08 billion and is expected to produce 1.3 million tonnes per annum of beneficiated iron ore concentrate. The initiative is aimed at enhancing JSW Steel’s raw material security and reducing dependence on imported iron ore by substituting it with locally processed material.

The initial subscription made by JSW Steel to the equity share capital of APJSW Private Limited totals Rs 89,000, and the transaction does not qualify as a Related Party Transaction under current regulatory guidelines. According to Manoj Prasad Singh, Company Secretary of JSW Steel, the disclosure has been made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The formation of this joint venture reflects JSW Steel’s broader strategy of integrating raw material supply chains to reduce costs and ensure stable feedstock availability for its steelmaking operations.

Image source:https://scanx.trade/


JSW Steel has incorporated a new joint venture, APJSW Private Limited, in collaboration with the Andhra Pradesh Mineral Development Corporation Limited (APMDC), to establish the Konijedu Marlapadu Integrated Iron Ore Project. The JV was formally incorporated on 25 August 2025, following board-level approval of the partnership, with JSW Steel holding an 89 per cent equity stake and APMDC retaining the remaining 11 per cent as free ride equity.APJSW Private Limited will be responsible for mining and beneficiating low-grade iron ore from the Konijedu Marlapadu site in Andhra Pradesh. The project involves an estimated investment of Rs 1.08 billion and is expected to produce 1.3 million tonnes per annum of beneficiated iron ore concentrate. The initiative is aimed at enhancing JSW Steel’s raw material security and reducing dependence on imported iron ore by substituting it with locally processed material.The initial subscription made by JSW Steel to the equity share capital of APJSW Private Limited totals Rs 89,000, and the transaction does not qualify as a Related Party Transaction under current regulatory guidelines. According to Manoj Prasad Singh, Company Secretary of JSW Steel, the disclosure has been made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.The formation of this joint venture reflects JSW Steel’s broader strategy of integrating raw material supply chains to reduce costs and ensure stable feedstock availability for its steelmaking operations.Image source:https://scanx.trade/ 

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code