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JSW Steel is strategically acquiring 100% equity in Saffron Resources Private Limited for an enterprise value of INR 679.34 crore. This significant cash acquisition secures 887 acres of land in Odisha, crucial for JSW Steel's future expansion plans. A portion of the payment, INR 40.1 crore, is a holdback linked to specific milestones. This move strengthens JSW Steel's long-term growth prospects by securing vital land resources for upcoming projects.