JSW Group secures land for its flagship Rs 25,000 crore projects

The Maharashtra Government’s efforts to attract investments are paying off, with a renowned company, JSW Energy PSP Eleven Ltd, planning to set up a mega project in the Butibori industrial area. The company has proposed to invest Rs 25,000 crore, out of which Rs 20,000 crore will go into a lithium-ion cell/battery plant and the remaining Rs 5,000 crore into a power plant and ancillaries. The project is expected to generate employment opportunities for 5,000 persons. The company has sent a letter to the Maharashtra Industrial Development Corporation (MIDC) requesting the allotment of 550-600 acres of land for the project. Sources indicate that the land allotment is likely to happen soon, with Chief Minister Devendra Fadnavis personally following the matter. The project is planned to be set up in phases, with the first phase focusing on a battery plant that will cater to various applications, including electric vehicles. The facility is expected to expand in later phases to produce a broader range of products, boosting the region’s industrial profile.