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

29 Aug 2025 CW Team

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/

Real Estate

11 May 2026

Casagrand Launches 41-Acre Highcity Project in Chennai

Casagrand has launched Casagrand Highcity, a 41-acre integrated residential development on Chennai’s Outer Ring Road (ORR), marking the company’s largest residential project to date.The project will comprise over 4,000 two and three BHK apartments across four G+22 towers and is positioned as one of the largest organised residential developments in the ORR corridor.Located along Chennai’s emerging residential and infrastructure growth belt, the project benefits from connectivity to IT hubs including Navalur, Siruseri SIPCOT and Porur, as well as industrial clusters such as Sriperumbudur, ..

Brigade, Marriott Open Courtyard Kochi Infopark

Brigade Hotel Ventures (BHVL) and Marriott International have opened Courtyard by Marriott Kochi Infopark, a rebranded and upgraded hotel formerly operating as Four Points by Sheraton Kochi Infopark.Located in Kakkanad adjoining Infopark Kochi, the 218-room property strengthens Brigade’s hospitality portfolio in one of the city’s key IT and commercial corridors. The hotel is positioned to cater to corporate, MICE and leisure travellers visiting Infopark, SmartCity and other business hubs in Kochi.The property offers flexible workspaces, smart TVs and high-speed WiFi across rooms and suites..

WorkEZ Expands South India Portfolio to 1.7 Mn Sq Ft

Work Easy Space Solutions (WorkEZ) has expanded its managed workspace portfolio to approximately 1.7 million sq. ft. across 12 operational buildings and two upcoming developments, strengthening its footprint across South India.The expansion includes the addition of 65,000 sq. ft. at Phoenix One National Park in Chennai and the company’s entry into Kochi through a partnership with Lulu Developers, adding another 70,000 sq. ft.WorkEZ has also signed a 0.4 million sq. ft. development in Coimbatore with Veeras Infra following the successful leasing of 0.1 million sq. ft. in the first phase. The ..