23-442: [REDACTED] JSW may refer to: Businesses JSW Group , an Indian business conglomerate Japan Steel Works Jastrzębska Spółka Węglowa , a Polish coal mining company Media Jet Set Willy , a 1984 computer game Journal of the Southwest People James Smith-Williams (born 1997), American football player J. S. Wilson (1888-1969), early figure in
46-531: 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. The group witnessed growth, expanding from a company worth ₹ 93 crore (US$ 11 million) in 1993 to ₹ 12,700 crore (US$ 1.5 billion) crore in 2008, and further expanding to become
69-557: A company valued at ₹ 180,000 crore (US$ 22 billion) by 2023. During 2023, the JSW Group increased its recruitment of female engineers through the Graduate Engineering Trainee (GET) program, nearly tripling the number compared to the previous year. The group has brought onboard over 2,300 young GETs, with nearly 600 of them being women, and has established a goal to reach a 30% representation of women in
92-578: A dedicated 5 km-long oxygen supply pipeline from its Vijayanagar steel plant to directly serve patients at the new hospital under construction. In a related effort, the group repurposed its multi-speciality Jindal Sanjeevani Hospital near Dolvi unit in Maharashtra to function as a COVID-19 treatment facility. Welspun Maxsteel Welspun World (formally known as Welspun Group ) is an Indian multinational conglomerate with business interests in line pipes, textile, infrastructure, and steel. It
115-444: 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 pressed on, acquiring stakes and expanding its presence. On 2 May 2019, JSW Group established JSW Paints with a total investment of ₹ 600 crore (US$ 72 million), with ₹ 250 crore of equity investment and a ₹350 crore debt investment from Axis Bank. In 2021, JSW Steel Italy acquired
138-552: A plant from Rieter Automatic Gmbh in Germany to launch its polyester filament yarn project. In 1996, Welspun's polyester yarn business was leased to a group company to shift focus to natural fibers. In 1999, Welspun entered a joint venture with Vincenzo Zucchi SPA, Italy, for Terry Bathrobes and Terry made-ups production at its Vapi, Gujarat plant. In 2000, Welspun USA was formed as a wholly-owned subsidiary of Welspun India Limited. In 2001, Welspun hived off its cotton yarn unit into
161-761: A separate company, which became known as Welspun Cotton Yarn Ltd. CRISIL, an analytical company in India, subsequently downgraded the company's NCDs from a "B" rating to a "D" rating. In 2004, Welspun India received Walmart 's Supplier of the Year for Bed & Bath. In 2009, Welspun appointed B K Goenka as the Chairman and Managing Director. In 2013, Welspun Corp. Ltd., a subsidiary of Welspun Group, divested its entire 39.88 percent stake in Leighton Welspun India for USD 99 million. In 2015 and 2016, Welspun
184-634: 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
207-648: A ₹600 crore carpet plant in Anjar, Gujarat. The group also closed one of its plants in Mexico. In December 2019, the group entered the warehousing sector through the acquisition of majority stakes in One Industrial Spaces. In 2020, Welspun Flooring Ltd, a subsidiary of Welspun Group, established a manufacturing facility in Hyderabad with an annual capacity of 40 million square meters. In February 2023,
230-567: Is different from Wikidata All article disambiguation pages All disambiguation pages JSW Group JSW Group is an Indian multinational conglomerate , based in Mumbai . It is led by Sajjan Jindal and founded by Om Prakash Jindal . The group's diverse businesses include steel , energy , infrastructure , cement , automotive and paints , across India, the United States, South America, and Africa. The JSW Group
253-600: Is headquartered in Mumbai. In 1985, Balkrishan Goenka, along with his cousin Rajesh R Mandawewala, founded Welspun with an initial investment of $ 100,000 borrowed from his father. The company began its operations as a small texturizing unit under the name Welspun Winilon Silk Mills in the Palghar district . It was promoted by the G.R.G. group, headed by Gopi Ram Goenka, who is the father of Balkrishan. Between 1986 and 1989,
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#1732773125249276-459: The Bellary – Hospet region of Karnataka, this plant strategically positioned itself in the heart of the high–grade iron ore belt, sprawling across 3,700 acres of land. In 2004, JSW made a strategic move by acquiring Salem Steel Works, adding to its portfolio. The year 2005 witnessed a pivotal moment in group's history when JISCO and JVSL merged to create JSW Steel . In 1994, JSW Energy Limited
299-472: The Indian government's Sagar Mala project . This initiative was aimed at facilitating the global manufacturing and supply of textile products. In March 2023, the group expanded its presence in the building materials sector by acquiring Sintex BAPL , a water tank manufacturer, for Rs 1,251 crore through its subsidiary, Welspun Corporation. During FY19, Sintex had reported an operating profit of Rs 270 crore on
322-548: The Scout movement Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title JSW . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=JSW&oldid=1255873001 " Category : Disambiguation pages Hidden categories: Misplaced Pages extended-confirmed-protected pages Short description
345-704: The Welspun Group launched a textile facility in Telangana , inaugurated by IT and Industries Minister KT Rama Rao . During the event, the group disclosed its intentions to establish IT centers in Chandanvelly , Ranga Reddy district in Telangana. Also, the Welspun Group announced a Rs 2,000 crore investment for the development of an integrated textile manufacturing zone in Kutch , Gujarat, in alignment with
368-455: 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 (Odhisha), Salboni (West Bengal), and Fujairah (United Arab Emirates). In 2018, JSW Group purchased Italy's Aferpi. Also, investments were made in
391-752: The company established two yarn texturizing factories. One, situated in Palghar, produced 797.5 MT of yarn annually. The second factory, with a similar capacity, was set up in Silvassa . In 1990, the company expanded its operations by establishing a polyester filament flat yarn manufacturing unit in Thane , with a capacity of 605 MT per annum. The company's name was later changed to Welspun Polyester India Limited. In 1991, Welspun Polyester India went public through its initial public offering (IPO) and later rebranded as Welspun India Limited (WIL). The company expanded into
414-638: The outset of the COVID-19 pandemic in India , JSW Group pledged more than ₹100 crore to aid the relief initiatives led by PM CARES Fund and other State governments in their battle against the COVID-19 crisis. During the second wave of COVID-19 pandemic in Karnataka in 2021, JSW Group established a temporary 1,000-bed COVID-19 hospital in Ballari , located near its township. Also, the company installed
437-750: The program over the next two years. JSW Foundation is the philanthropic arm of JSW Group, set up in 1987. The foundation works in the field of education, skill building training, healthcare and social development domains. Besides that, the Foundation is actively involved in restoration projects, including the preservation and restoration of significant archaeological ruins like Hampi (and setting up Hampi Art Labs), Mughal Gardens of Kashmir ( Shalimar Bagh and Nishat Bagh ), Keneseth Eliyahoo Synagogue , Maragondanahalli Lake in Bangalore , David Sassoon Library , Shiv Khori etc. In May 2020, right at
460-667: The terry towels business by setting up its first terry towel plant in Vapi, Gujarat , with 15,000 cotton spindles. Welspun also proposed a POY project in Silvassa, Dadra, and Nagar Haveli , with a capacity of 15,000 metric tonnes per annum (MTPA). Between 1994 and 1995, the company increased its terry towel production capacity from 3100 MTPA to 5200 MTPA. Additionally, it started developing power plants capable of generating 40 M.W., intended to support spinning machines for terry towels and cotton through captive power sources. Welspun also acquired
483-571: 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. In 2008, JSW Group ventured into a rebar joint venture in Georgia. The acquisition of an integrated steel plant at Dolvi, Maharashtra, in 2010 added to their steel production portfolio. And,
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#1732773125249506-522: 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. Jindal Vijayanagar Steel Limited (JVSL) was established in 1994. Situated at Toranagallu in
529-481: Was granted the contract for Package I development of Delhi–Meerut Expressway , covering 8.7 km in Delhi, with a total estimated project cost of ₹841.50 crore (US$ 110 million). The expressway segment was officially inaugurated on May 27, 2018, by Prime Minister Narendra Modi . During the same period, Welspun initiated a 32 MW solar power plant, launched an online retail portal, and expanded into flooring solutions with
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