Company Directory - JSW
Company Details - JSW

JSW
WebsiteJSW is a leading Indian multinational company with a diverse portfolio encompassing sectors like steel, energy, and infrastructure. The company is dedicated to delivering innovative and sustainable solutions, contributing to the economic growth and development of India.
CCI Score
CCI Score: JSW
-3.13
0.02%
Latest Event
JSW Expresses Interest in Expanding Footprint in Odisha
JSW, alongside other major industrial players, has expressed strong interest in expanding its operations in Odisha following Tata Group’s announcement of a mega investment. This interest is seen as a commitment to regional industrial growth and job creation.
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BYSTANDER
JSW is currently rated as a Bystander.
Latest Events
- MAY182025
JSW, alongside other major industrial players, has expressed strong interest in expanding its operations in Odisha following Tata Group’s announcement of a mega investment. This interest is seen as a commitment to regional industrial growth and job creation.
- MAY022025
Activists, community members, and BankTrack have lodged formal complaints against JSW’s Utkal steel and coal project in Odisha. The allegations claim that the project facilitated the forced transfer of over 2,600 acres of predominantly forest land without free, prior and informed consent, contributed to police crackdowns and the criminalisation of peaceful protestors, and exacerbated environmental pollution.
-75
Labor Relations and Human Rights Practices
May 17
The project is accused of engaging in unethical business practices including forced land transfers and triggering state repression against protestors, which points to severe violations of human rights and labor practices. These actions align with patterns that enable authoritarian measures and undermine community protections.
- MAY022025
On May 2, 2025, a human rights complaint was filed by the Anti-Jindal & Anti-POSCO Movement alleging that JSW Steel's JSW Utkal steel and coal project has led to forcible land acquisition from Indigenous communities, destruction of livelihoods, and the criminalization of dissent, resulting in widespread human rights violations.
-80
Labor Relations and Human Rights Practices
May 17
The complaint details severe allegations against JSW Steel, including land theft from Indigenous residents, destruction of local livelihoods, and cooperation with state forces to suppress dissent. These actions represent significant breaches of human rights and labor practices, warranting a strong negative score under 'Labor Relations and Human Rights Practices'.
- NOV132024
JSW Group, through its subsidiary JSW Defence Pvt Ltd, has announced a strategic partnership with US-based Shield AI to indigenize and manufacture the V-BAT unmanned aerial system for intelligence, surveillance, and reconnaissance missions in India, with a $90 million investment in the defense sector.
-40
Provision of Repressive Technologies
May 17
JSW Group's collaboration with Shield AI to produce advanced unmanned aerial systems, designed for ISR missions, falls under the provision of repressive technologies. This development raises concerns about potential misuse of surveillance and military capabilities in contexts that may support authoritarian practices.
JSW Group Joins Hands with Shield AI to Boost UAS Manufacturing in India
- NOV122024
JSW Defence Pvt. Ltd., part of the JSW Group, announced a strategic collaboration with US-based Shield AI to manufacture the V-BAT unmanned aerial system in India. The partnership involves an investment of approximately $90 million over the next two years to establish a manufacturing facility, bolster local supply chains, and enhance defence capabilities through advanced ISR technology.
-30
Provision of Repressive Technologies
May 17
JSW’s collaboration with Shield AI to manufacture the V-BAT, an unmanned aerial system used for intelligence, surveillance, and reconnaissance, raises concerns about the proliferation of repressive technologies. Such technologies can be used for enhanced militarization and potentially enable authoritarian measures, aligning with concerns over corporate complicity in advancing apparatuses of state repression.
JSW Group and Shield AI Partner to Strengthen India's Defence Manufacturing
- NOV122024
JSW Group, through its defence arm JSW Defence Pvt Ltd, has entered into a multi-year partnership with US-based Shield AI to indigenise and manufacture the V-BAT, a Group 3 unmanned aerial system, aimed at boosting India's military drone capabilities.
-50
Provision of Repressive Technologies
May 17
JSW's collaboration with Shield AI to produce advanced unmanned aerial systems—with capabilities in intelligence, surveillance, and reconnaissance—poses concerns due to the potential for these technologies to be used in repressive and authoritarian ways, aligning with the provision of repressive technologies category.
JSW Group's partnership with Shield AI to give a major push to India's military drone capabilities
- NOV122024
JSW Defence Pvt. Ltd., part of the JSW Group, and US-based Shield AI announced a strategic partnership on November 12, 2024 to indigenize the production of the V-BAT unmanned aerial system in India. The collaboration involves a $90 million investment over two years to establish a global compliance program, manufacturing facility, and local supply chain, aimed at enhancing India's defense capabilities.
+15
Economic and Structural Influence
May 17
This investment into local manufacturing and supply chain development boosts India's indigenous defense capabilities and economic self-reliance. By establishing a domestic hub for advanced unmanned aerial systems, JSW is contributing to a more accountable and locally controlled defense ecosystem, which can help resist dependency on potentially flawed foreign imports.
+5
Technology and Services Impact
May 17
The collaboration for manufacturing a cutting-edge ISR platform (V-BAT) has dual-use capabilities. While such military technology can be employed in defense, the decision to indigenize production allows for tighter national oversight, potentially mitigating risks of unaccountable foreign influence and ensuring responsible integration of advanced technology.
- NOV122024
JSW Group announced a partnership with US defence tech firm Shield AI to manufacture its V-BAT unmanned aerial system and invest USD 90 million in the domestic defence sector, aiming to boost India’s defence capabilities.
-50
Provision of Repressive Technologies
May 17
JSW Group's collaboration to manufacture the V-BAT unmanned aerial system—a platform used for intelligence, surveillance, and reconnaissance by armed forces—raises concerns from an anti-fascist perspective. The development and indigenisation of such advanced military technology may contribute to enhanced state surveillance and repressive military capabilities, supporting authoritarian practices.
JSW Group partners with US tech firm Shield AI to manufacture unmanned aerial system
- MAR312024
The JSW Steel Integrated Report 2023-24 details the company’s commitment to high ethical standards, transparent governance, and robust human rights practices, including a 24/7 whistleblower policy, human rights risk assessments, and confidential grievance systems addressing discrimination and harassment. As of March 31, 2024, the Ethics Helpline resolved 75% of the cases, illustrating active internal oversight.
+70
Business Practices and Ethical Responsibility
May 17
JSW's report emphasizes adherence to high ethical standards through transparency, a robust Code of Conduct, and an active whistleblower policy. These measures highlight a strong commitment to ethical business practices and help build accountability, reflecting progressive corporate governance.
+70
Labor Relations and Human Rights Practices
May 17
The report provides detailed measures to protect human rights and enhance labor practices, featuring robust human rights risk assessments, stakeholder engagement, and a confidential grievance system to address discrimination and harassment. These practices support fair treatment of workers and demonstrate a proactive stance against authoritarian practices.
- DEC152023
On December 15, 2023, JSW introduced its 'Policy on Protecting Human Rights', a comprehensive code of conduct that outlines measures to protect human rights within the company, its supply chains, and local communities. The policy commits to rigorous human rights risk assessments, anti-discrimination practices in hiring and operations, and transparent evaluation of suppliers and business partners.
+80
Labor Relations and Human Rights Practices
May 17
JSW's updated policy dedicates strong efforts toward protecting human rights and ensuring non-discrimination within its workforce. This move reinforces robust labor practices by mandating comprehensive human rights due diligence, grievance mechanisms, and training for managers, aligning with progressive, anti-fascist principles.
+80
Supply Chain Ethics
May 17
The policy explicitly sets minimum human rights expectations for suppliers and business partners, ensuring that JSW's external engagements align with ethical standards. This proactive stance contributes to supply chain ethics and demonstrates the company’s commitment to curbing discrimination and human rights abuses beyond its immediate operations.
- OCT052023
The Financial Times reports that JSW Steel's shares fell by 2.76% amid corruption allegations. India's Central Bureau of Investigation has named the company's chairman and other executives in connection with the allegations, raising serious concerns over ethical business practices and transparency.
-50
Business Practices and Ethical Responsibility
May 17
Corruption allegations against JSW Steel’s top executives suggest a lapses in ethical business practices and corporate governance. This raises significant concerns regarding transparency and accountability, which are key to opposing authoritarian practices and supporting worker rights and fair governance.
JSW Steel shares down on corruption allegations - Financial Times
- OCT012023
JSW's sustainability framework outlines a comprehensive Human Rights Due Diligence process covering labor rights, non-discrimination, environmental protections, data privacy, and robust grievance redressal. The initiative, aligned with UNDP and ICMM guidance, also emphasizes enhancing DEI and securing operational safety across its steel plants and mining locations.
+80
Labor Relations and Human Rights Practices
May 17
JSW has implemented a detailed human rights due diligence assessment across its operations and supply chain, covering fundamental labor rights, fair wages, non-discrimination, and enhanced DEI. These measures support worker rights and promote ethical business practices, which align with anti-authoritarian and progressive values.
- JAN012023
JSW Cement has announced a robust human rights policy and an exhaustive Technical Standard for Human Rights Management at the group level. The policy includes proactive Human Rights Due Diligence (HRDD) gap assessments at key operating locations, stakeholder engagement with employees, contract workers and local communities, and alignment with UNGP and OECD guidelines. The initiative also underscores their commitment as a signatory of the United Nations Global Compact in 2023.
+80
Labor Relations and Human Rights Practices
May 17
JSW Cement’s adoption of a comprehensive human rights management framework, including its policy, technical standard, and scheduled HRDD assessments, demonstrates a proactive commitment to protecting and promoting worker rights and marginalized communities. This initiative bolsters ethical labor practices against authoritarian tendencies, representing a positive anti-fascist action.
- MAR012016
JSW Steel's website lists a range of corporate governance documents—including a whistleblower policy, code of conduct, insider trading fair practice code, and remuneration policy—demonstrating its commitment to ethical business practices and internal transparency.
+30
Business Practices and Ethical Responsibility
May 17
The availability and dissemination of detailed corporate governance and ethics documents underscore JSW's adherence to ethical responsibility. Such policies promote transparency, accountability, and internal oversight, aligning with progressive values by supporting worker rights and anti-authoritarian practices.
- DEC162013
JSW Group, part of Sajjan Jindal’s conglomerate, is forming a non-profit trust under Section 25 of the Companies Act to channel up to 7.5% of its net profit for political funding. While the initiative could improve transparency as mandated by new legislation, it also raises concerns about enhancing corporate influence over political processes.
-40
Political Contributions and Lobbying Efforts
May 17
The move to set up a trust for channeling political funds is worrisome from a democratic perspective, as it could enable disproportionate corporate influence in political affairs, potentially paving the way for authoritarian influence despite the promise of increased transparency.
Industries
- 3271
- Clay Product and Refractory Manufacturing
- 3311
- Iron and Steel Mills and Ferroalloy Manufacturing
- 3312
- Steel Product Manufacturing from Purchased Steel
- 3323
- Architectural and Structural Metals Manufacturing