JSW Steel forms JV with Andhra Pradesh Development Corporation for Iron-ore Project
The JV would set up the Konijedu Marlapadu Integrated Iron Ore Project (Project) at Andhra Pradesh to mine and beneficiate low-grade iron ore.
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Mumbai, 26 August 2025: JSW Steel Ltd and Andhra Pradesh Mineral Development Corporation Limited (APMDC) have entered into a joint venture with 89% equity held by the company and the balance equity stake of 11% held by APMDC (as free ride equity).
The JV would set up the Konijedu Marlapadu Integrated Iron Ore Project (Project) at Andhra Pradesh to mine and beneficiate low-grade iron ore.
The certificate of incorporation of the Joint Venture Company has confirmed the incorporation of the company on August 25, 2025, with the name “APJSW Private Limited,” having its registered office in Vijayawada, Andhra Pradesh.
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Consequent to the incorporation, APJSW Private Limited has now become a joint venture of the company and, as such, a related party of the company, with 89% equity held by the company and the balance equity stake of 11% held by APMDC, the company stated in an exchange filing.
The object of incorporating JV is to set up the Konijedu Marlapadu Integrated Iron Ore Project (Project) at Andhra Pradesh to mine and beneficiate low-grade iron ore. The project will be set up at a cost of Rs 1,075 Crore. The beneficiated iron ore concentrate available to the Company is expected to be around 1.3 million tons per annum and would replace the imported iron ore usage, therebyresulting in cost savings to the Company.
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