Joint Venture26 Aug 2025, 03:45 pm
JSW Steel Ltd Incorporates Joint Venture Company APJSW Private Limited for Konijedu Marlapadu Integrated Iron Ore Project
AI Summary
JSW Steel Ltd has incorporated a joint venture company, APJSW Private Limited, with Andhra Pradesh Mineral Development Corporation Limited (APMDC) to set up the Konijedu Marlapadu Integrated Iron Ore Project. The JV will mine and beneficiate low-grade iron ore in Andhra Pradesh. The certificate of incorporation of APJSW Private Limited was received on August 25, 2025. The beneficiated iron ore concentrate available to JSW Steel is expected to be ~ 1.3 million tons per annum, resulting in cost savings.
Key Highlights
- JSW Steel Ltd and APMDC have incorporated a joint venture company, APJSW Private Limited.
- APJSW Private Limited will set up the Konijedu Marlapadu Integrated Iron Ore Project in Andhra Pradesh.
- The project will mine and beneficiate low-grade iron ore.
- The beneficiated iron ore concentrate available to JSW Steel is expected to be ~ 1.3 million tons per annum.
- The project is expected to result in cost savings for JSW Steel.