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JSW Group to invest Rs 40,000 crore in Odisha for integrated EV and battery manufacturing project

JSW Group to invest Rs 40,000 crore in Odisha for integrated EV and battery manufacturing project
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JSW Signs MoU To Build EVs, 50 GWh Battery Plant In Odisha With Rs 40,000 Cr Investment

Announcement of a vehicle and battery manufacturing facility follows JSW picking up a 35 per cent stake in MG Motor India late in 2023.

JSW Group signs Rs 40,000 cr deal with Odisha govt to set up EV, EV battery units in Cuttack, Paradip

The company plans to invest Rs 25,000 crore in Cuttack for the electric vehicle and its battery manufacturing complex, while a sum of Rs 15,000 crore will be invested in the EV components manufacturing facility in Pradip.

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