JSW Steel’s Board of Directors has approved a merger of its wholly-owned subsidiaries, including Amba River Coke Limited, Monnet Cement Limited, and JSW Retail and Distribution Limited, into JSW Steel. The merger aims to streamline operations, reduce administrative costs, and improve efficiency. The appointed date for the merger is April 1, 2026, pending necessary approvals.
Merger Announcement
The Board of Directors of JSW Steel has approved a scheme of amalgamation involving its wholly-owned subsidiaries. The subsidiaries include Amba River Coke Limited (ARCL), Monnet Cement Limited (MCL), and JSW Retail and Distribution Limited (JRDL). These entities will merge into JSW Steel Limited (JSL).
Strategic Rationale
This merger is designed to leverage commonalities and operational synergies. It is expected to lead to improved operational efficiency and optimum use of resources. Key benefits include the pooling of technical resources and reduction of administrative and operational costs.
Financial Details
The merger aims to streamline the group structure and reduce regulatory compliance requirements. There will be no share issuance as part of this merger since the entities are wholly owned subsidiaries. The appointed date for the merger is April 1, 2026.
Subsidiary Information
JSW Steel (JSL) reported a standalone turnover of INR 1,29,567 crores for the year ended March 31, 2025. Amba River Coke Limited (ARCL) reported a standalone turnover of INR 3,943 crores. Monnet Cement Limited (MCL) reported nil turnover, and JSW Retail and Distribution Limited (JRDL) reported INR 30 crores in turnover for the same period.
Business Activities
JSW Steel is engaged in the manufacture and sale of iron and steel products. ARCL focuses on manufacturing coke and pellets. MCL manufactures and sells cement. JRDL supports the marketing and selling of steel products, providing technical consultancy services.
Source: BSE
