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Higher realisations and strong domestic demand drove a surge in September-quarter earnings, as the steelmaker cleared ?16,150 crore in fresh capex to support its long-term growth targets. View More

The company spent ?11,136 crore on capex in the first half of this fiscal year and plans to invest another ?12,864 crore in the second half, bringing total investment to ?22,000-24,000 crore in FY27 View More

Q2 Results Today, 23rd October 2026 Highlights: Follow the latest announcements and developments on the company's September quarter earning on Adani Power, JSW Steel, Tata Motors, Shriram Fin, Torrent Pharma, CG Power, BPCL, Dr Reddys Lab and others View More

An analysis of nearly 6,850 projects announced between April 2024 and September 2026 shows data centres attracting Rs 19.14 trillion, followed by steel and nuclear power View More

JSW Steel and JFE Steel have entered into a mutual agreement to enhance their joint venture steel initiative in Odisha. With a notable investment of Rs 7,500 crore from both parties, this ambitious project targets an increased production capacity of 9.5 million tonnes by FY31. In addition, further investments will support improvements in other steel and mining activities, reinforcing their competitive edge and significantly upgrading their product range. View More

New Delhi, Homegrown JSW Steel and its Japanese partner have agreed to expand the capacity of their joint venture steel project in Odisha to 9.5 million tonnes at an estimated investment of Rs 7,500 crore. JSW JFE Steel Ltd (JJSL) is a 50:50 joint venture (JV) of JSW Steel and Japan-based JFE Steel Corporation(JFE). JJSL has a 4.5 MTPA integrated steel plant at Sambalpur, Odisha and two downstream facilities at Chandigarh and Kolkata. The integrated steel plant at Sambalpur is operating at near full capacity, JSW Steel said in an exchange filing on Friday. Considering the increasing domestic steel demand and JJSL's long-term growth strategy, the board of JSW Steel approved a 5 MTPA expansion project and upgradation of existing plant facilities at Sambalpur by JJSL. "The board and our joint venture partner, JFE Steel, have approved a 5 MTPA expansion at JSW JFE Steel Ltd. This will take the total capacity of the plant to 9.5 MTPA and is planned to be commissioned by FY31," JSW Steel said. Live Events The equity requirement for the project is estimated at Rs 7,500 crore, to be contributed equally by the company and JFE, i.e. Rs 3,750 crore each, JSW Steel said. The project implementation is expected to commence from April 2027, subject to receipt of requisite statutory and environmental approvals, and is targeted to be completed over approximately 3.5 years. The project will strengthen JJSL's market position, improve economies of scale, expand value-added product offerings, and enhance export opportunities. The board also approved additional investments across steel making, downstream, and mining business operations, besides the incorporation of a wholly-owned subsidiary of the company in the UAE. In a separate statement, JSW Steel said that, in line with the company's strategy to enhance downstream capabilities to address market requirements, the board has approved an expansion at Vasind comprising a 1.8 MTPA Cold Rolling Mill complex, along with a 1.2 MTPA metal coating facility, including Zero Sprangle (ZS) and Zinc-Aluminum-Magnesium (ZAM) facility. The project is targeted for commissioning by Q2 FY30. Phase-II of the expansion at the JSW Utkal facility in Odisha, with a capital outlay of Rs 16,150 crore and the commissioning target in Q1 FY31, will add 5 MTPA of steel making capacity, taking the total capacity under construction at the site to 10 MTPA. The board also approved an 8-MTPA pellet plant at JVML-Vijayanagar, which will reduce dependence on iron ore lumps. Also, the installation of an additional converter and caster is planned at the JVML Phase-II expansion announced earlier. The board gave its nod to an additional strand of caster and a Plate Processing Facility to be added at the ongoing Dolvi PhaseIll expansion, to enhance the utilisation of the Rolling Mill. To bolster raw material security, the board has approved the expansion of the MdR coking coal mine in Mozambique to a capacity of 9 MTPA of prime hard coking coal. The production is targeted to commence from the calendar year 2028 in a phased manner. The company acquired the MdR coking coal deposit in Mozambique in March 2026. Further, the board has approved capital expenditure for the development of captive iron ore mines, and coking coal mines and washeries in India. PTI ABI HVA .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

Jindal Steel reported a 21% rise in Q2FY27 net profit to ?771 crore, supported by higher sales volumes, while total income grew 26% to ?15,289 crore. View More

JSW Steel's Q2FY27 net profit rose 225.3 per cent to ?5,279 crore on higher volumes and realisations, while its board approved fresh investments in steelmaking and mining projects View More

A combined 16.63 million shares representing 10.6 per cent of SSWL's total equity, changed hands on the NSE and BSE in Friday's intraday deals. View More

Speaking at the Berlin Global Dialogue, the minister cautioned that rising material costs and regulatory burdens could undermine Europe’s economic competitiveness. View More

Taco Bell is sticking with longtime beverage supplier PepsiCo, even though sister chain KFC defected to Coca-Cola. View More

In this articlePEPFollow your favorite stocksCREATE FREE ACCOUNT A staff member is seen at a Taco Bell restaurant in London.May James | Sopa Images | Lightrocket | Getty ImagesPepsiCo and Taco Bell renewed their long-running partnership through 2036, the food and beverage company said Thursday.The announcement comes one week after Taco Bell's sister chain, KFC, said that it will switch to Coca-Cola as its U.S. beverage supplier. While it is unusual for large restaurant chains to change drink providers, the move is not unprecedented, as Coke and Pepsi try to win contracts through perks and other inducements. Coke's win over Pepsi was more symbolic, representing another example of how the Atlanta-based company has been beating its rival in the soda category.Pepsi's relationship with Taco Bell and KFC parent Yum Brands spans decades, back to when the beverage giant owned the restaurant chains before spinning them into a separate public company in 1997. Despite KFC's defection in the U.S., Pepsi remains an important partner for Yum and the chain's international markets, KFC U.S. President Catherine Tan-Gillespie wrote in a memo on Oct. 15 that was obtained by CNBC. Thanks to its partnership with Pepsi, Taco Bell has long served exclusive menu items that use Pepsi products, like Mountain Dew Baja Blast and Doritos Locos Tacos, at its restaurants.The renewed deal also means that Taco Bell international markets such as Canada, the United Kingdom, Ireland and Thailand will serve Pepsi products. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.