Maharashtra Chief Minister Devendra Fadnavis and other government officials signed 31 Memorandums of Understanding (MoUs) worth a total of Rs. 6.25 Lakh Crore at the World Economic Forum in Davos.
JSW Group will contribute a significant portion of this by investing Rs. 3 lakh crore towards the green transformation of Maharashtra, across its businesses in three regions of the state, including the Naxal-infested Gadchiroli.
The investment will focus on several key areas:
Steel: Expanding steel production with eco-friendly technology.
Renewable Energy: Developing green energy projects.
Electric Vehicles (EVs): Building EV manufacturing units.
Lithium-Ion Batteries: Setting up battery production for EVs.
Solar Energy: Strengthening solar power systems.
Infrastructure and Cement: Improving infrastructure in Maharashtra
This initiative will create job opportunities and drive economic growth. The Maharashtra government will support the project by speeding up approvals, providing incentives, and ensuring infrastructure needs like land, water, and power are met.
Maharashtra Chief Minister Devendra Fadnavis said that the MoU signed with JSW Group is a significant step in realizing the state’s vision to develop Gadchiroli as India’s ‘steel city.’ and expressed confidence that this collaboration would strengthen Maharashtra’s position as an industrial and economic powerhouse, driving innovation, job creation, and long-term prosperity for the people of the state.innovation.
Mr. Sajjan Jindal, Chairman of JSW Group, said, “This MoU reflects our unwavering commitment to Maharashtra, a state that has been pivotal to JSW Group’s journey of growth and innovation. Through this partnership, we take another step towards Hon’ble Prime Minister Narendra Modi Ji’s vision of Clean and Green Bharat.
This investment will not only boost industrial development but also drive India’s green transition with sustainable technologies, clean mobility and renewable energy solutions. We are deeply grateful to the Government of Maharashtra, led by Honorable Chief Minister Shri Devendra Fadnavis, for their visionary approach and industry-friendly policies, which make transformative initiatives like these possible.”
The table below shows stocks under Jindal Group:
| Company Name | MCap (Cr) | CMP | PE Ratio (TTM) | ROE | Ch YTD % |
|---|---|---|---|---|---|
| JSW Steel Ltd | ₹ 2,26,559 | ₹ 918.85 | 43.82 | 6.27% | +1.85% |
| JSW Energy Ltd | ₹ 97,473 | ₹ 550.2 | 49.79 | 7% | -14.16% |
| Jindal Steel & Power Ltd | ₹ 93,715 | ₹ 897.25 | 18.5 | 10.7% | -4.22% |
| Jindal Stainless Ltd | ₹ 52,173 | ₹ 633.75 | 21.26 | 15.86% | -7.79% |
| JSW Holdings Ltd | ₹ 20,491 | ₹ 17,799 | 85.31 | 0.73% | +5.20% |
| Jindal Saw Ltd | ₹ 16,492 | ₹ 252.8 | 8.35 | 18.11% | -11.22% |
| Jindal Poly Films Ltd | ₹ 3,653.32 | ₹ 819.25 | 24.58 | 3.48% | -15.45% |
| Nalwa Sons Investments Ltd | ₹ 3,527.97 | ₹ 6,674 | 42.47 | 0.48% | -17.86% |
| JITF Infra Logistics Ltd | ₹ 1,573.58 | ₹ 582.1 | 0 | 9.14% | -16.82% |
| Hexa Tradex Ltd | ₹ 1,306.66 | ₹ 227.5 | 0 | 0.39% | -17.87% |
| Shiva Cement Ltd | ₹ 1,165.84 | ₹ 39.45 | 0 | 51.99% | -2.81% |
| Shalimar Paints Ltd | ₹ 1,076.11 | ₹ 135.12 | 0 | 24.4% | +7.49% |
| Biogen Pharmachem Industries Ltd | ₹ 73.74 | ₹ 1.11 | 0 | 0.64% | -6.72% |
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses
