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Published: March 31, 2024
Updated: March 31, 2024
The JSW group is in talks to buy a stake in Whitehaven Coal in Australia. It is also keen to tie up with Volkswagen for a joint venture for manufacturing electric vehicle-related products.
The group has ambitious plans to get into new areas after starting with a steel plant in Karnataka and then diversifying into energy, cement, paint, port infrastructure and now electric vehicles in association with SAIC Motor of China.
The Australia acquisition will be a game- changer, considering the rising coal prices across the world and the energy needs of Indian coal-based power plants. Coal demand is not coming down and JSW wants to cash in on the wave.
February 15, 2025 - First Issue
Industry Review
VOL XVI - 10
February 01-15, 2025
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