JSW Steel Limited — Board Meeting, 25-03-2025: Outcome of Board Meeting

The Board of Directors has approved the transfer of its Salav unit, which has a Direct Reduced Iron (DRI) capacity of 0.9 MTPA, to JSW Green Steel Limited, a wholly owned subsidiary, through a Slump Sale for ₹2,233 crores. This move aligns with the company's strategy to establish a 4 MTPA integrated Green Steel plant aimed at reducing carbon footprints. The transaction is set to finalize by March 31, 2025, and is classified as a related party transaction, executed at arm's length as evaluated by an independent valuer.