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JSW Steel concludes Rs 750 cr investment to fuel JSW Paints' expansion plans

Friday, 24 Nov 2023
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JSW Steel has successfully completed the last tranche of Rs 750 crore of strategic investment in JSW Paints. The investment was planned to be made in three to four instalments in last three years to fuel JSW Paints' expansion plans.

The company had invested Rs 300 crore in JSW Paints in its first instalment in 2021, and on 22 November, 2023, it made the last instalment of Rs 75 crore to complete its strategic investment.

JSW Paints would be setting up a decorative and industrial paints manufacturing unit at Sector- 7, Pithampur in Dhar district of Madhya Pradesh.

 
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