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![mupdatesbyscanx Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1926935883384553472.png) Market Updates by ScanX [@mupdatesbyscanx](/creator/twitter/mupdatesbyscanx) on x XXX followers
Created: 2025-07-18 11:40:54 UTC

JSW Steel (JSWSTEEL)
on NSE: 1034.40 (+0.02%)

JSW Steel Expands Footprint with Strategic Acquisitions and Joint Ventures

View: Positive

JSW Steel has approved the acquisition of Saffron Resources Private Limited, which owns XXX acres of land in Odisha. The company also plans to increase its stake in JSW Severfield Structures Limited to XXXX% for up to ₹235.10 crore. Additionally, JSW Steel will form a joint venture with Andhra Pradesh Mineral Development Corporation for an iron ore project in Andhra Pradesh, with an XX% stake and an estimated cost of ₹1,075 crore. The company reported a consolidated revenue of ₹43,147.00 crore, an Operating EBITDA of ₹7,576.00 crore, and a net profit of ₹2,209.00 crore.

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#Stocks #Market #JSWSTEEL

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**Related Topics**
[acquisition](/topic/acquisition)
[approved](/topic/approved)
[nse](/topic/nse)

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