JSW Steel Limited has acquired 100% of the equity shareholding of Saffron Resources Private Limited, which owns land parcels measuring approximately 887 acres in Dhenkanal District, Odisha.
The land may be utilised for JSW’s future expansion projects, consolidating the company’s footprint in one of India’s fastest-growing industrial states.
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Parties Involved
Acquirer: JSW Steel Limited
Target: Saffron Resources Private Limited
Legal Counsel: Cyril Amarchand Mangaldas
Legal Counsel & Deal Team
Cyril Amarchand Mangaldas (CAM) acted as legal counsel to JSW Steel Limited, advising on transaction structuring, due diligence, corporate, infrastructure, and competition law aspects.
Core Deal Team
Rishiraj Bhatt, Partner (Lead)
Hasan Molla, Partner (Lead)
Abhilasha Malpani, Principal Associate
Rohan Shah, Principal Associate (Designate)
Shivom Sharma, Senior Associate
Sajith Anjickal, Associate
Sanskruti Kulkarni, Associate
Title Due Diligence
Rishiraj Bhatt, Partner
Vaibhav Suri, Partner
Manjul Mantri, Principal Associate
Rohan Shah, Principal Associate (Designate)
Shivom Sharma, Senior Associate
Shrutika Salvi, Consultant
Sachin Chandola, Consultant
Corporate Diligence
Hasan Molla, Partner
Sajith Anjickal, Associate
Sanskruti Kulkarni, Associate
Miloni Mau, Associate
Infrastructure (Incidental)
Gayatri Shanker, Partner
Madiha Akhtar, Associate
Competition Law
Dhruv Rajain, Partner
Mohini Parghi, Associate
Strategic Significance
Land Security: With nearly 900 acres of contiguous land, JSW Steel ensures readiness for future industrial expansion in Odisha, a key steelmaking hub.
- Growth Trajectory: This acquisition aligns with JSW Steel’s long-term strategy of scaling its production capacity while consolidating land holdings in strategic locations.
Why It Matters
Industrial Expansion: Odisha remains central to India’s steel growth story, and JSW’s acquisition positions it well for upcoming capacity additions.
- Market Confidence: Such deals highlight confidence in Odisha’s regulatory environment for industrial development.
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Disclaimer
This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions.
