JSW Group: History, Latest Updates, Milestones, Subsidiaries & Share Price

Introduction
JSW Group is one of India's fastest growing billion-dollar conglomerates with a net worth of US$23 billion. JSW Group plays an important role in the Indian economy with its presence in sectors like Steel, Infrastructure, Energy, Cement, Venture Capital, Paints and Sports. JSW Group excels in execution of technical projects, product mix, and modern manufacturing facilities—with effortless entry into these powerhouse stocks via Enrich Money's competitive demat account opening charges. JSW Group has a major focus on sustainable growth, social development. JSW Group has its presence in different geographies like India, USA, Europe and Africa.
JSW Group Moves In 2025 & 2026
JSW Group moved forward steadily from October 2025 to February 2026, focusing on the increase in steel production, infrastructure funding approvals, and long-term expansion strategies. The major highlights remained operational improvements and strategic investments in its subsidiaries.
February 2026
JSW Infrastructure's board approved the issuance of funds through up to 25 crore equity shares to fuel a Rs.39,000 crore capex expansion drive towards 400 MTPA port capacity. JSW Steel expected BF3 recommissioning by the end of Q4 FY26, indicating a return to normal production levels. JSW Cement registered a 13% increase in net sales to Rs.1,621 crore in the December quarter.
January 2026
Group crude steel production marginally reduced to 24.75 lakh tonnes, impacted by the continuation of Vijayanagar BF3 shutdown and US maintenance, while Indian production remained stable at 24.58 lakh tonnes. JSW Infrastructure reported robust Q3 performance, handling 31.7 million tonnes of cargo (up 8% YoY) and acquiring rail logistics assets for Rs.1,212 crore to improve connectivity. JSW Defence marked the beginning of its next-gen UAS manufacturing facility in Hyderabad with a $90 million investment to manufacture V-BATs in the domestic market.
December 2025
JSW Steel's crude steel production in Q3 FY26 rose 6% to 7.48 million tonnes, contributing to a nine-month cumulative output of 22.65 million tonnes, up 12%, but impacted by caster renovation works from mid-December. JSW Energy announced a fund raiser of up to $1.11 billion through securities issuance and appointed a new CFO, effective January 2026.
November 2025
The company continued its positive performance with a 5% increase in crude steel production to 24.39 lakh tonnes, including 23.61 lakh tonnes from Indian operations at 84% capacity utilization despite the furnace maintenance.
October 2025
JSW Steel recorded an increase of 9% in its consolidated crude steel production to 24.95 lakh tonnes, with 24.12 lakh tonnes in India during the period, with Vijayanagar Blast Furnace 3 shut down for upgrades, aiming for 4.5 MTPA capacity restoration by February 2026. However, JSW Steel's capacity utilization in India dropped to 83%, but without the impacted furnace, it stood at 92%.
JSW Group Moves In 2023-2024:
A special initiative package has been approved by the Odisha government for the establishment of a massive EV and EV battery manufacturing project by JSW Group.
Through private sector participation in defence sector, Indian Government has allowed JSW Group participation in building defence sector.
JSW Group has initiated personalized solutions for the MSME sector. The company has invited the MSMEs to examine the company's services that are directly available for MSMEs like preferential pricing of steel products, Pan India services for steel network, MSME meetings, Learning & development and just in time supplies.
JSW Group has initiated 'Always Around ' Campaign to indicate the Pan India presence of JSW Steel.
The company has completed the ecological restoration of Maragondanahalli Lake in Bengaluru.
JSW Group has initiated MuSo, an experiential museum especially for children's.
JSW Foundation with the Maharashtra Government is working to transform the livelihoods of farmers.
JSW Steel USA has invested US$145 million to upgrade manufacturing operations to meet their growing needs of the renewable energy customer segment.
Evolution Of JSW Group from Past to Present:
|
Year |
Evolution |
|
1982 |
Jindal Iron & Steel Company (JISCO) |
|
1994 |
Jindal Vijayanagar Steel Limited (JVSL) in Karnataka JSW Energy Limited |
|
1999 |
JSW Infrastructure |
|
2004 |
Acquired Salem Steel Works |
|
2005 |
Merger MISCO and JVSL to form JSW Steel |
|
2008 |
Joint Venture in Georgia |
|
2009 |
JSW Cement |
|
2013 |
Japan’s JFE holdings collaboration in electrical steel sector |
|
2014 |
Acquisition of Welspun Maxsteel |
|
2018 |
Acquisition of Aferpi from Italy |
|
2020 |
Investment in Texas Plant Legal challenges in Bhushan Power Take over |
|
2021 |
JSW Steel Italy acquired GSI Lucchini. Set up a target for CO2 reduction by 2030 |
|
2022 |
Merger of JIPSL and CSSL subsidiaries. |
|
2023 |
JSW Infrastructure plans to acquire PNP Port. |
|
2024 |
EV and EV battery manufacturing unit in Odisha. |
|
2024 |
GOI and JSW Group to participate in the Defence sector. |
|
Company Information |
|
|
Name |
JSW Group |
|
Founded year |
1982 |
|
Parent Company |
O.P. Jindal Group |
|
Founding chairman |
Mr. Sajjan Jindal |
|
Headquarters |
Mumbai, India |
|
Industry |
Conglomerate |
|
Current chairman |
Mr. Sajjan Jindal |
|
Major subsidiaries |
JSW Ispat Special Products Limited JSW Cement JSW One Platforms JSoft Solutions Jindal Praxair Oxygen Company Limited (JPOCL) JSW Paints JSW Ventures JSW Realty JSW Sports Barmer Lignite Mining Co Ltd (BLMCL) PNP Maritime Services MG Motor India |
|
Revenue |
US$23 billion |
|
Geography served |
Worldwide |
Timeline Of JSW Group:
|
Year |
Fact |
Timeline |
|
1982 |
Acquired |
Acquired Piramal Steel |
|
1982 |
Renamed |
Piramal Steel into Jindal Iron & Steel Company (JISCO) |
|
1994 |
Formation |
Jindal Vijayanagar Steel Limited (JVSL) in Karnataka |
|
1994 |
Founded |
JSW Energy Limited |
|
1999 |
Established |
JSW Infrastructure |
|
2004 |
Acquisition |
Salem Steel Works by JSW |
|
2005 |
Merger & Formation |
JISCO and JVSL and Formed JSW Steel |
|
2008 |
Joint Venture |
JSW Group with Rebar in Georgia |
|
2008 |
Construction |
Integrated steel plant at Maharashtra |
|
2009 |
Established |
JSW Cement |
|
2014 |
Acquisition |
Welspun Maxsteel |
|
2018 |
Acquisition |
Italy’s Aferpi by JSW Group |
|
2019 |
Investments |
In Texas Plant |
|
2019 |
Establishment |
JSW Paints |
|
2020 |
Legal Challenges |
On takeover of bankrupt Bushan Power |
|
2021 |
Acquisition |
JSW Steel Italy acquired GSI Lucchini |
|
2021 |
Target |
CO2 reduction by 2030 |
|
2022 |
Merger |
JISPL and CSSL subsidiaries |
|
2022 |
Invest |
Steel plant in Andhra Pradesh |
|
2023 |
Acquisition |
JSW Infrastructure acquired PNP Port |
|
2024 |
Establishment |
EV and EV Battery manufacturing unit in Odisha |
|
2024 |
Participation |
GOI and JSW group in Defence Sector |
Inside JSW Group:
Corporate Actions/ Main News
JSW Defence has acquired Gecko Motors Private Limited to form JSW Gecko Motors Private Limited.
JSW group creates a new subsidiary JSW Defence and Aerospace.
JSW Group establishes EV and EV battery manufacturing projects in Odisha.
JSW Group Share Prices declined due allegations against JSW Group Chairman in 2023.
Current JSW Group Share Price NSE/BSE
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|
COMPANY NAME |
SECTOR |
SHARE PRICE LINK |
|
JSW Steel Limited |
Steel |
|
|
JSW Energy Limited |
Power |
|
|
JSW Holdings Limited |
Finance |
|
|
JSW Ispat Special Products Ltd. |
Steel & Iron Products |
Share price of JSW Ispat Special Products Ltd. |
Achievements & Milestone:
|
Year |
Achievements |
|
2021 |
S&P Dow Jones listed JSW Group in Sustainability Index for Emerging Markets |
|
2019 -2022 |
Steel sustainability champion by World Steel Associations |
|
2022 |
EY Entrepreneur of year awarded JSW Group chairman ‘ Man of Steel’ Award |
|
2023 -2024 |
Certified as Great Place to Work |
|
Asian Hockey Federation in partnership with JSW Foundation to work on women's empowerment initiatives. |
|
Year |
Milestones of JSW Group |
|
1982 |
JSW Group sets up a steel plant in Mumbai |
|
1982 |
Acquired Piramal Steel Plant , renamed to JISCO |
|
1987 |
Established JSW Foundation |
|
1994 |
Sets up JVSL (Jindal Vijayanagar Steel Limited) |
|
1994 |
Established JSW Energy |
|
1999 |
Established JSW Infrastructure |
|
2003 |
JSW Energy started Baspa II Hydroelectric Plant |
|
2004 |
JSW Steel acquires Salem Steel Works |
|
2005 |
JISCO & JVSL merged to JSW Steel Limited |
|
2008 |
JSW Group enters into Rebar Joint Venture in Georgia |
|
2009 |
Established JSW Cement |
|
2010 |
Acquires Integrated Steel Plant |
|
2011 |
JSW Energy started Karcham Wangto Hydroelectric Plant |
|
2013 |
Tie up with Japan JFE in electrical steel Joint Venture |
|
2014 |
Acquires Welspun Maxsteel |
|
2015 |
JSW Energy acquired hydropower plant from Jaypee Group |
|
2018 |
Acquires Italy’s Aferpi |
|
2018 |
JSW Steel agrees Joint Venture with JFE for Indian Auto Steel Production |
|
2019 |
Acquires JSW Sambalpur Works |
|
2019 |
Sold stakes in Geo Steel |
|
2020 |
Bid three iron ores mines in Odisha |
|
2020 |
JSW purchased Bhushan Power & Steel Limited |
|
2020 |
Purchased Italy’s GSI Lucchini |
|
2020 |
JSW Group Donated for Covid 19 response |
|
2020 |
Acquires JSW Ispat Steel |
|
2021 |
Acquires PCMD of Welspun Corporation |
|
2021 |
Sets target for CO2 reduction by 2030 |
|
2022 |
JSW Energy started Vijaynagar Solar Plant |
|
2022 |
Greenfield steel plant in Andhra Pradesh |
|
2023 |
Member of ResponsibleSteel |
|
2023 |
JSW Steel bought three coal mines in India |
|
2023 |
JSW Steel auctioned for iron ore block in Goa |
|
2023 |
Sold Caretta Minerals |
|
2023 |
Joint Venture with SAIC, China |
|
2023 |
Bought stakes in MG Motor India |
|
2024 |
EV and EV battery manufacturing unit in Odisha. |
|
2024 |
GOI and JSW Group to participate in Defence sector. |
Conclusion
JSW Group always believes in transparent practices, customer oriented with dedicated employees. JSW Group has reached international stages with their efficient management team, best utilization of resources and utilizing every opportunity available.
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Frequently Asked Questions:
Where to find JSW Steel Limited share price?
You can find the detailed information about JSW Steel share price and its stock analysis at Enrich Money’s stock analysis page.
Where to find the JSW Group share price of JSW Energy?
You can find the detailed information about JSW Energy Ltd share price and its stock analysis at Enrich Money’s stock analysis page.
Where to find the JSW Group share price of JSW Holdings?
You can find the detailed information about JSW Group share price of JSW Holdings and its stock analysis at Enrich Money’s stock analysis page.
Where to find the JSW Group share price of JSW Ispat Special Products?
You can find the detailed information about JSW Group share price of JSW Ispat Special Products and its stock analysis at Enrich Money’s stock analysis page.
How has JSW Group's valuation changed over the years?
JSW Group's valuation grew from Rs. 93 crore in 1993 to Rs. 12,700 crore in 2008 and further expanded to Rs. 180,000 crore by 2023.
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