Company Directory - JSW Group
Company Details - JSW Group
JSW Group
India
JSW is an Indian multinational company involved in steel manufacturing and other industries.
CCI Score
CCI Score: JSW Group
-19.06
0.01%
Latest Event
JSW Group signs MoU with Maharashtra to invest Rs 3 trillion in state
JSW Group signed a memorandum of understanding with the Maharashtra government to invest Rs 3 trillion, focusing on expanding steel manufacturing capacities with clean green technology, renewable energy projects, and advanced manufacturing for EVs. While the initiative promises job creation and sustainable development, concerns remain about corporate-government collusion and the potential for regulatory capture.
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ENABLER
JSW Group is currently rated as an Enabler.
Latest Events
- JAN212025
JSW Group signed a memorandum of understanding with the Maharashtra government to invest Rs 3 trillion, focusing on expanding steel manufacturing capacities with clean green technology, renewable energy projects, and advanced manufacturing for EVs. While the initiative promises job creation and sustainable development, concerns remain about corporate-government collusion and the potential for regulatory capture.
-10
Public and Political Behavior
March 25
The MoU reflects a close partnership between JSW Group and the state government, raising concerns over corporate-government collusion. From a left-leaning perspective, such collaborations could undermine democratic accountability by entrenching corporate influence in public policy.
+30
Business Practices and Ethical Responsibility
March 25
The investment commitment includes significant spending on green technology, renewable energy, and sustainable manufacturing processes. This reflects positively on the company’s business practices and ethical responsibility, promoting innovation and job creation in emerging sectors.
+40
Technology and Services Impact
March 25
JSW Group's strategy to expand into advanced manufacturing for electric vehicles, high-performance EV batteries, and renewable energy projects points to a positive impact on technology and services. This move is likely to drive innovation and support the green transition.
-10
Economic and Structural Influence
March 25
The enormous scale of the proposed investment can lead to significant concentration of economic power and potential regulatory capture. While it promises economic development, such corporate dominance may ultimately undermine broader public interests and democratic oversight.
- NOV122024
JSW Group has partnered with US-based Shield AI to manufacture the V-BAT unmanned aerial system, committing $90 million towards strengthening domestic defense capabilities. This move raises concerns about the proliferation of repressive military technologies and economic collaboration with sectors that may enable authoritarian practices.
- NOV122024
JSW Defence, a subsidiary of the JSW Group, announced a strategic partnership with Shield AI Inc. to indigenise and manufacture the advanced V-BAT fixed-wing unmanned aerial system (UAS) in India. This initiative is viewed through an anti-fascist lens as a contribution to the militarization that can support authoritarian practices.
-20
Public and Political Behavior
March 25
The strategic partnership in the defense sector by JSW Defence actively deepens the company’s engagement in militarization. From an anti-fascist perspective, advancing military technology, even under the guise of national defense, can reinforce state violence and authoritarian practices.
JSW Defence to invest $90 million to bring American Shield AI’s fixed-wing drone to India
-15
Business Practices and Ethical Responsibility
March 25
JSW Group’s venture into the defense technology arena through heavy investment in manufacturing and licensing arrangements may align its business practices with the global arms industry. From a critical perspective, such moves contribute to the broader military-industrial complex which has ethical implications and can indirectly support authoritarian governance.
JSW Defence to invest $90 million to bring American Shield AI’s fixed-wing drone to India
-25
Technology and Services Impact
March 25
The investment in advanced unmanned aerial systems (UAS) such as the V-BAT, which has surveillance and ISR capabilities, places JSW Group in a role that could perpetuate repressive state tactics. The technology, while marketed for defense, has the potential for misuse in authoritarian contexts, and this contributes negatively to technological impact.
JSW Defence to invest $90 million to bring American Shield AI’s fixed-wing drone to India
-10
Economic and Structural Influence
March 25
By investing significantly in a global defense partnership, JSW Group is further entrenching itself within the structures of the global military-industrial complex. This deep economic involvement in defense technology can enhance structural influence in ways that may support authoritarian state interests in the long run.
JSW Defence to invest $90 million to bring American Shield AI’s fixed-wing drone to India
- OCT012023
JSW Defence and Shield AI announce a strategic partnership to manufacture advanced V-BAT unmanned aerial vehicles in India. This move, intended to indigenize cutting‐edge UAS technology for the Indian Armed Forces, raises concerns about enabling repressive technologies that bolster state surveillance and military engagement.
-60
Technology and Services Impact
March 25
The strategic partnership between JSW Defence and Shield AI aims to produce advanced unmanned aerial systems (V-BAT), a technology with significant implications for military surveillance and repressive capabilities. From an anti-fascist perspective, supporting the development and localization of such repressive technologies heightens concerns over corporate complicity in authoritarian practices.
- JAN012023JSW Group MoU with Maharashtra Government Promotes Industrial Investment and State-Corporate Nexus
-19.07
JSW Group commits to invest ₹3 lakh crore in Maharashtra across critical sectors through a government-facilitated MoU. The deal, which includes expedited clearances and fiscal incentives, underscores the company's close alignment with state power, potentially reinforcing a regulatory environment that favors corporate interests and may contribute to authoritarian-like state-corporate dynamics.
-20
Public and Political Behavior
March 25
The MoU with the Government of Maharashtra highlights JSW Group's active engagement in political processes, with the company's leadership publicly endorsing government initiatives such as PM Modi's vision of a clean, green, and industrially advanced India. This close political collaboration raises concerns of corporate complicity through facilitating preferential regulatory treatment and aligning business interests with state power.
-30
Economic and Structural Influence
March 25
The MoU’s provisions for expedited regulatory clearances and fiscal incentives indicate a structural collaboration between the company and state apparatus. This deep economic entanglement, while promising industrial growth and job creation, also risks reinforcing regulatory capture and economic collaboration that could bolster authoritarian control over market and societal dynamics.
- DEC162013
JSW Group is forming a trust under Section 25 of the Companies Act to allow its group companies to contribute up to 7.5% of net profit for funding political parties. While this move could promote transparency under new governance laws, the lack of clarity on donor disclosures and the potential for increasing corporate influence over political processes raises significant concerns about democratic accountability and the risk of enabling authoritarian interests.
-50
Political Contributions and Lobbying Efforts
March 25
The initiative to establish a trust for political funding enables the redirection of a portion of corporate profits towards political parties, thereby potentially increasing corporate influence in politics. Although the new trust structure mandates transparency under the Companies Act, the absence of clear guidelines on disclosing the political beneficiaries raises concerns about veiling the true extent of corporate power over the political process. This is particularly troubling from an anti-fascist perspective, as such maneuvers could facilitate undue influence on political decisions and support for authoritarian agendas.
- DEC162013
JSW Group is in the process of establishing a non-profit trust under Section 25 of the Companies Act to channel up to 7.5% of net profits from its group companies into political funding. While the move could improve transparency in political donations, it also raises concerns about increased corporate influence over political processes and potential support for parties that may favour authoritarian policies.
-40
Political Contributions and Lobbying Efforts
March 25
JSW Group’s plan to set up a trust for political funding is a clear instance of corporate political involvement. While the trust model may enforce transparency by disclosing both the amount contributed and the recipient political parties, it nonetheless facilitates a mechanism by which corporate funds can be funneled into the political system. This raises concerns about undue corporate influence and the potential to back political entities that compromise democratic integrity, aligning with broader issues of corporates supporting authoritarian or fascist tendencies.
- DEC162013
JSW Group is in the process of establishing a non-profit trust under Section 25 of the Companies Act, which will allow its group companies to contribute up to 7.5% of their net profit to fund political parties. While the move is justified as a means to enhance governance and transparency under the new law, it raises concerns about the company channeling corporate funds into the political arena, potentially influencing democratic processes.
-25
Political Contributions and Lobbying Efforts
March 25
JSW Group's plan to set up a trust for political funding represents a direct engagement in political contributions, a key aspect of Public and Political Behavior. Although the trust is intended to operate under mandated transparency through the Companies Act, channeling up to 7.5% of net profits to political parties potentially facilitates corporate influence in politics. This mode of political engagement can undermine democratic accountability and contribute to conditions that favor authoritarian tendencies.
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Industries
- 3261
- Plastics Product Manufacturing
- 3312
- Steel Product Manufacturing from Purchased Steel
- 3325
- Hardware Manufacturing