JSW Steel Shifts Salav Unit to Green Steel Arm

29 Mar 2025 CW Team

JSW Steel has announced the transfer of its sponge iron unit in Salav, Raigad, Maharashtra, to its wholly-owned subsidiary JSW Green Steel, according to disclosures filed with stock exchanges on Tuesday.

Green Steel Expansion Plan JSW Green Steel was incorporated in February 2023 to establish a 4 million tonne per annum (MTPA) integrated green steel plant as part of JSW’s strategy to lower its carbon footprint. The transfer will allow the company to scale up operations, expanding the existing 0.9 MTPA capacity to 4 MTPA in phases.

The transaction, set to be initiated on Wednesday, is expected to be completed by March 31. The transfer will take place through either a cash transaction or the issuance of equity shares/convertible equity instruments by JSW Green Steel to JSW Steel, amounting to Rs 2,233 crore.

Focus on Low-Carbon Steel Production JSW Steel has positioned the green steel facility to cater to export markets, focusing on producing steel with low carbon emissions. The company aims to track CO? emissions separately and explore green hydrogen technology for its direct reduced iron (DRI) or sponge iron operations.

The move aligns with JSW Steel’s broader strategy to adopt sustainable steel manufacturing practices, reducing reliance on traditional carbon-intensive methods while enhancing its global competitiveness.

Keywords: JSW Steel, JSW Green Steel, sponge iron unit, Maharashtra steel plant, green steel expansion, low-carbon steel, direct reduced iron, green hydrogen, steel plant investment.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..