JSW Steel Limited has officially incorporated its joint venture company, APJSW Private Limited, in partnership with Andhra Pradesh Mineral Development Corporation Limited (APMDC). The certificate of incorporation was received on August 25, 2025, with the company registered in Vijayawada, Andhra Pradesh.
As per the arrangement, JSW Steel will hold an 89% equity stake, while APMDC will hold the remaining 11% as free ride equity. The joint venture will establish the Konijedu Marlapadu Integrated Iron Ore Project in Andhra Pradesh. This project, set up at a cost of ₹1,075 crore, aims to mine and beneficiate low-grade iron ore. The beneficiated iron ore concentrate, estimated at 1.3 million tonnes per annum, will help JSW Steel reduce dependency on imported iron ore and achieve significant cost savings.
APJSW Private Limited has been incorporated with an initial subscription of 8,900 equity shares of ₹10 each, amounting to ₹89,000. The company is yet to commence operations.
This move marks a strategic step for JSW Steel in securing raw material availability and strengthening its integrated steel operations in India.
