JSW Steel Limited

In Indian steel's case, that might be true.

So earlier this year, the Competition Commission of India, or CCI, found that 28 steel companies, including Tata Steel, JSW Steel, and SAIL, had breached antitrust law by colluding on steel selling prices between 2015 and 2023.

The case originated in 2021 after a group of builders alleged that steel companies were collectively restricting supply and hiking prices.

JSW and SAIL have denied the allegations and the case is ongoing.

No, but why did they not choose saffron jersey for Asian Games? Like, what's happening?

Because I think, uh, I think JSW has something to do with this.

Varun Murali will have the details, I'm sure.

[laughing] Just throw it at him.

White and blue, very classy, very nice.

I like that jersey.

And just one, uh, sponsorship logo, JSW, that's it.

Nothing else.

Iowa is very much a red state, very much a Republican state, and this is based on iron ore found in Minnesota.

The company doing it, the company doing it is Misabi Metallics.

Misabi Metallics is the name in America for something that we might call Essar Steel.

That's why the two, two faces I said, which look familiar, but which you may not recognize, particularly the current generation of Indians may not recognize, or those who are about 30, 35, 40 may not recognize.

Maybe ship it out because America didn't quite have steel plants, maybe pelletize it there to ship it out.

Those things however did not last very long.

This mine, because b- because it demanded more money and probably the Essar group did not have the money, by 2016 this mining company had acquired a debt of $1 billion which it was not able to service, at which point in 2016 it decided to go bankrupt or declare what is called in America Chapter 11.

America, in a true capitalist system, to go bankrupt is no shame.

Reuters is reporting the order has been invoked under emergency provisions of the Electricity Act, and it applies to plants with an installed capacity of at least fifty megawatts.

The objective is to meet an expected rise in electricity demand, the order dated September twenty-fifth said, and has been seen by Reuters, and it covers a hundred and twelve plants belonging to companies like Vedanta, Tata Steel, Hindalco, JSW Steel, Ultratech, Reliance Industries, among others.

All these plants primarily serve energy-guzzling industrial facilities like aluminum smelters, steel manufacturing, cement factories, and oil refineries.

Nearly forty percent of coal-fired plants in India are operating with critically low fuel stock due to an increase in power demand because of lower rainfall and the El Niño climate phenomenon, which has raised temperatures higher than normal.

The Shiv Nadar Foundation topped the 2025 Edil Give Hurun list with 2708 crore in a single year.

Infosys Foundation, Bharti Foundation, JSW, Jindal Foundation all run really large, credible, comparable scale charitable operations doing a lot of good work.

So it's no longer that there are only the Tata Trust doing incredible work.

There are lots of top corporate houses who have in fact pledged big chunks of their wealth to charity.

How do you imagine, it's a twofold question, how do you imagine India should engage in joint ventures with China in the way that China probably did it with American companies back in the 80s? And secondly, India's most successful joint ventures in clean energy so far have mostly been with big public or private companies.

Like I think JSW obviously has a famous company.

joint venture with SAIC, the Chinese automotive company.

Reliance has been rumored, Adani has been rumored.