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Sajjan Jindal, Chairman and Managing Director of JSW Group, announced a $70 billion capital investment plan across sectors including steel, cement, renewable energy, and automobiles. The largest share will go to JSW Steel, which requires around ₹25,000 crore annually, with increasing investments expected in renewable and thermal energy.
JSW Cement plans to launch a Rs 4,000-crore IPO in January 2025, as announced by chairman Sajjan Jindal. The IPO, which was previously put on hold by SEBI due to an investigation into regulatory violations, will consist of a new issue of equity shares worth Rs 2,000 crore and an equal amount from an offer-for-sale by investor shareholders.
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