JSW Group signed a Rs 40,000 crore MoU for Integrated Electric Vehicle (EV) & EV Battery manufacturing project

[{"selector":"#anim-60dc20ab-ebfe-4775-a9e8-74f5be0273ed","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-30b119ec-f38c-480a-b470-d9fd6b47c7b9","keyframes":{"transform":["translate3d(0px, -128.14581%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e4c0a522-c82c-4488-b456-6fe12eb1f519","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-715721b6-60a6-4fcd-9a61-8620e88b949f","keyframes":{"transform":["translate3d(0px, 144.12547%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The JSW Group, in collaboration with the Odisha government, has formally entered into a Memorandum of Understanding (MoU) to establish an extensive Integrated Electric Vehicle (EV) and EV Battery manufacturing project.

Project Details

[{"selector":"#anim-50afe0be-91cc-4a9d-bff2-81a10b025197","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1da737d7-6ccc-4985-b331-80d9e9903907","keyframes":{"transform":["translate3d(-115.14196%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e17286ec-0b4f-420e-97b7-afbfec614774","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4f7eedcd-fc61-48f2-98ef-bb14aea55179","keyframes":{"transform":["translate3d(0px, -120.14867%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6e74f368-4f39-4bec-a8d7-9d9cf49c9898","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c2370ba9-ba33-4ab2-9522-1204322b4064","keyframes":{"transform":["translate3d(-114.8265%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] In Naraj, Cuttack district, JSW plans to establish an EV vehicle and component manufacturing plant. In Paradip, Jagatsinghpur district, the project encompasses a copper smelter and lithium refinery, including a 50 GWH EV battery plant.

Naveen Patnaik

[{"selector":"#anim-65689661-1f8c-4b22-a3e9-f45b04649df2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a39039e2-3249-4c7b-afeb-19083514423e","keyframes":{"transform":["translate3d(-115.14196%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3378afb8-5296-4f6b-a228-19583a21d3ad","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d9cfa5be-d3c1-4026-804f-7ca6d019da9f","keyframes":{"transform":["translate3d(-115.14196%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c27916ee-90a8-4f87-9c57-ad7b9b4ce4d8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-71016603-7ab1-4104-97aa-f13c12547639","keyframes":{"transform":["translate3d(0px, 234.50291%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-db16102a-6bf6-44a5-8651-38251ac2a674","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7169d18f-eca1-403f-8ba9-139cb41359d3","keyframes":{"transform":["translate3d(0px, 138.73736%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Chief Minister The establishment of the JSW Group’s Electric Vehicle manufacturing unit is a testament to our state’s evolving industrial landscape. This strategic move underscores our commitment to sustainable development.

Naveen Patnaik

[{"selector":"#anim-4ad408f9-638d-459e-a775-55f8f756c550","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cce6e596-9e3e-4e47-8f05-4d7121dbb142","keyframes":{"transform":["translate3d(-115.14196%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-db2aa622-408e-45e2-9d3a-a6cf94c8f030","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-41f60a4f-6e62-4dee-9ea8-6cbc416cca87","keyframes":{"transform":["translate3d(-115.14196%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2a929a2a-97d7-412e-9ccc-1c9ad93b4df3","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-aceb1d45-b3ce-466c-bd12-bfc477e65f9c","keyframes":{"transform":["translate3d(0px, 151.10013%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3fda3ee3-0ce5-4ac0-886f-9fd47bc329f5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d75e626e-be7e-4247-8e02-c6ecc78b5843","keyframes":{"transform":["translate3d(0px, 234.50291%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Chief Minister

The project will generate 10,000+ jobs, boosting state employment. It aims to spur MSME growth and foster ancillary industry development.

[{"selector":"#anim-f684875c-b769-4cc5-b5ef-b454ce2059fd","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d2bb76f2-97ab-4b07-b65e-ca9f7e2e6eff","keyframes":{"transform":["translate3d(-115.14196%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-151b6bc0-6e9f-432e-b3c9-3aa3ead16861","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-83e33601-b56f-4001-94aa-9b2f6edef85c","keyframes":{"transform":["translate3d(0px, -120.14867%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a540f54f-3640-4f57-a078-054b246d54c7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-56e336f3-526f-437e-8360-13b4b3051296","keyframes":{"transform":["translate3d(-114.8265%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Sajjan Jindal

[{"selector":"#anim-51b5071b-1cd2-4a31-99e6-2b3ff2347bd8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3b8eb9ba-d3c6-4ca7-90d8-34e12c3d4e2d","keyframes":{"transform":["translate3d(-114.8265%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-948c73aa-9444-412c-8e32-d2b74ea9c5f4","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a11d6fab-b8cd-46aa-b979-2eb1abb3d0cd","keyframes":{"transform":["translate3d(-115.14196%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5d5baee5-517b-45aa-9f1a-498d96facc99","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4dd51392-8840-451f-b5e0-3e2aadbe6510","keyframes":{"transform":["translate3d(0px, 137.42691%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-18aa5299-dc4c-430e-ad98-387363d33fd5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3a3adb34-7601-4be6-9597-18e95a28cec9","keyframes":{"transform":["translate3d(0px, 209.89899%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] JSW Group's Chairman He expressed confidence in Odisha’s potential to become a One Trillion Dollar economy. The choice of Odisha for the first EV unit is attributed to the state’s stable leadership, unparalleled government support, and a resourceful skill ecosystem.

Opportunities for EV

[{"selector":"#anim-5d823616-7c01-411d-923c-ea7c773ce932","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-047a5a97-0bfe-4563-9bb8-8d0ee375a046","keyframes":{"transform":["translate3d(-115.14196%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-88e49bba-788c-49ab-a779-f31d24856631","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-98ab6a4a-211c-408b-8cc7-a9a7136f502c","keyframes":{"transform":["translate3d(0px, -120.14867%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-650873d0-f985-45ab-a273-318ca178395f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-96376443-1b55-458e-9c69-5c85179c3dc3","keyframes":{"transform":["translate3d(-114.8265%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] In Odisha, the opportunities for electric vehicle (EV) and EV components manufacturing units are marked by streamlined processes, offering a seamless experience for businesses.

JSW Group signed a Rs 40,000 crore MoU for Integrated Electric Vehicle (EV) & EV Battery manufacturing project

Project Details

Naveen Patnaik

Naveen Patnaik

It is anticipated to act as a catalyst for the growth of Micro, Small, and Medium Enterprises (MSMEs), playing a pivotal role in nurturing a vibrant ecosystem of ancillary industries.

The project will generate 10,000+ jobs, boosting state employment. It aims to spur MSME growth and foster ancillary industry development.

Societal Impact

Sajjan Jindal

Opportunities for EV