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/

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