JSW Steel Limited — Board Meeting, 18-07-2025: Outcome of Board Meeting

JSW Steel's board has approved key strategic moves. The company will acquire up to 100% equity in Saffron Resources, which owns 887 acres in Odisha. It also plans to increase its stake in JSW Severfield Structures (JSSL) by up to 24.9% for ~INR 235.10 crore (~GBP 20 million). This move aims to capitalize on the growing structural steel market. Additionally, JSW Steel is forming a JV with APMDC (89% stake) to develop an integrated iron ore project in Andhra Pradesh at a cost of Rs 1,075 Crore. This project will secure ~1.3 million tons of iron ore annually, replacing imports and boosting cost savings.