Billionaire Sajjan Jindal-led JSW Group said on Tuesday that it will invest 3 trillion rupees ($34.67 billion) in the Indian state of Maharashtra to expand the conglomerate's presence in electric vehicles,

The MoU was one of 20—and the largest—the state government signed on the sidelines of the annual meeting of the World Economic Forum (WEF) in Davos

Diversified JSW Group on Tuesday announced plans to invest Rs 3 lakh crore across its businesses, in three regions of Maharashtra, including naxal-infested Gadchiroli.

JSW Group will invest Rs 3 lakh crore across critical sectors in Maharashtra. Sajjan Jindal, Chairman of JSW Group, said, “This investment will not only boost industrial development but also drive India’s green transition with sustainable technologies,

JSW Group plans to invest Rs 3 lakh crore in Maharashtra, enhancing steel manufacturing and green energy projects, boosting the states economy.

JSW Group is set to invest Rs 3 lakh crore in Maharashtra, enhancing steel manufacturing with green technology, developing green energy projects, and setting up advanced units for electric vehicles and high-performance EV batteries.