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JSW Neo Energy Secures 400 MW Solar Project with NTPC

Dec 08, 2024•over 1 year ago

Contract Type

partnership

MumbaiManufacturingEnergyMining

Description

JSW Neo Energy Limited has secured a 400 MW ISTS connected Solar Power Project from NTPC Limited, advancing towards their goal of 20 GW capacity by 2030.

Company Information

Company

JSW Steel

Location

Mumbai, Maharashtra, India

About

JSW Steel is India’s leading manufacturer of value-added and high-end steels, with a legacy spanning over 35 years of innovation, sustainability, and technological excellence. From a single plant in 1982, the company now operates multiple facilities in Karnataka, Tamil Nadu, and Maharashtra with a total capacity of 29.7 MTPA, which is set to expand to 40 MTPA, alongside international assets including a plate and pipe mill in the US and mining operations in the US, Chile, and Mozambique. JSW Steel integrates sustainability into all aspects of its operations, leverages cutting-edge technology to offer the largest product portfolio in India, and exports to over 100 countries. Nearly 40% of its products are high-value steels, with ambitions to reach 50%, supported by a strong focus on R&D, innovation, and strategic partnerships with global leaders such as JFE Steel, Marubeni Itochu Steel, Praxair, and Severfield Rowen Plc.

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Strategic

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Strategic partnership established

Partnership agreements typically involve technology integration and joint go-to-market strategies

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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months