.jpg){kind=link}
The story
Founded by Sajjan Jindal in 1982.1
1982–1994
The JSW Group was founded in 1982 when Jindal acquired a re-rolling mill located in Tarapur, Maharashtra, near Mumbai, from Piramal Steel. Following the acquisition, the group renamed it Jindal Iron and Steel Company (JISCO). Subsequently, in the same year, the group established its first steel plant in Vasind, near Mumbai.
1994–2005
Jindal Vijayanagar Steel Limited (JVSL) was established in 1994. Situated at Toranagallu in the Ballari-Hospet region of Karnataka. In 2004, JSW acquired Salem Steel Works. Next year, in 2005 JISCO and JVSL merged to create JSW Steel.
In 1994, JSW Energy Limited was established as power company, focusing on power generation, transmission and trading.
In 1999, JSW Infrastructure was founded to construct and operate airports, shipyards, townships, roads and rail connectivity, inland waterways, water treatment plants, special economic zones and other infrastructural facilities.
2008–2014
In 2008, JSW Group entered in Georgia to manufacture rebar at Rustavi. The acquisition of an integrated steel plant at Dolvi, Maharashtra, in 2010 and, the acquisition of Welspun Maxsteel in 2014 marked as a diversification in the group's history.
In 2009, JSW Group entered the cement business by establishing JSW Cement and established production facilities in various locations including Vijaynagar, Nandyal (Andhra Pradesh), Dolvi, Jaipur, Shiva (Odisha), Salboni (West Bengal), and Fujairah (United Arab Emirates).
2018–2020
In 2018, JSW Group purchased Italy's Aferpi. Also, investments were made in a greenfield Texas plant and the takeover of bankrupt Bhushan Power. In 2020, JSW's purchase of Bhushan Power faced legal challenges, but the group went ahead in acquiring the stakes.
On 2 May 2019, JSW Group established JSW Paints with a total investment of ₹600 crore (US$62 million), with ₹250 crore of equity investment and a ₹350 crore debt investment from Axis Bank.
Read the full text
2021–2025
In 2021, JSW Steel Italy acquired a stake in GSI Lucchini and set a CO2 reduction target for 2030. In 2022, they planned the merger of JISPL and CSSL subsidiaries and secured approval for a greenfield steel plant in Andhra Pradesh. In 2013, the group entered into a collaboration with Japan's JFE Holdings in the electrical steel sector. In December 2023, JSW Infrastructure announced plans to acquire a majority stake in PNP Port for ₹270 crore.
In April 2024, JSW Steel raised a $900 million syndicated loan from a consortium of eight foreign banks (Singapore's DBS Bank, France's BNP Paribas, UK's HSBC and Standard Chartered, UAE's Mashreq Bank and First Abu Dhabi Bank, Japan's Sumitomo Mitsui Banking Corp (SMBC) and Taiwan's CTBC Bank) to refinance debt facilities and repay expensive loans ahead of schedule.
In December 2024, JSW Group entered the non-ferrous metals sector by adding copper to its metal portfolio through the acquisition of two Jharkhand copper mines. As of March 2025, the group plans to build a 500,000 metric ton copper smelter in Odisha by 2028-29, using copper concentrate from Peru and Chile.
In December 2024, JSW Neo Energy purchased the O2 Power platform from EQT and Temasek for $1.5 billion.
From Wikipedia’s article on JSW Group, shared under CC BY-SA 4.0.5