Latest news with #PASCOGroup
Mint
3 days ago
- Business
- Mint
JSW Steel share price jumps 2% on agreement with POSCO group. Details here
JSW Steel share price surged as much as 2 per cent to ₹ 1,067.60 apiece in Monday's trading session after the company signed an agreement with PASCO Group. JSW Steel stock has remained in green despite volatility in Indian stock market. The stock has gained nearly 8.89 per cent in six months and over 16 per cent in one year. On Monday, the company announced that it has signed a non-binding Heads of Agreement (HoA) with South Korea's PASCO Group to set up a 6 million tonnes per annum (MTPA) integrated steel plant in India. 'The agreement marks a significant step toward deepening strategic collaboration between two of the world's most respected steel companies,' the company said in the filing. This HoA builds on the Memorandum of Understanding (MoU) signed by both parties in October 2024 and outlines the broad framework for the proposed 50:50 joint venture. The HoA was signed in Mumbai in the presence of Mr. Lee Ju-tae, Representative Director and President, POSCO Holdings, and Mr. Jayant Acharya, Joint Managing Director & CEO, JSW Steel. 'This partnership brings together JSW's proven execution capabilities and strong domestic footprint with POSCO's technological leadership in steelmaking. The proposed venture aligns with India's vision of Atmanirbhar Bharat and will help create a globally competitive manufacturing hub to serve both domestic and export markets," said Jayant Acharya, Joint Managing Director & CEO, JSW Steel. As part of the next steps, JSW and POSCO will undertake a detailed feasibility study to finalize the plant's location, investment terms, resource availability, and other critical factors. 'India is central to the future of global steel demand. Our collaboration with JSW is based on mutual trust and a shared long-term vision. This initiative represents our commitment to supporting India's industrial growth while creating long-term value for both organizations," said Lee Ju-tae, Representative Director and President, POSCO Holdings. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
India.com
11-06-2025
- Business
- India.com
Rs 2690 crore wealth, 14-bedroom ‘royal mansion' in the heart of Delhi and…, this woman's life is straight out of a fairy tale, name is…
You may have seen the grand lives of kings and queens in films with giant palaces, royal comfort, and a staff of servants. While those days belong to history, there are still a few people who live in a similar luxurious style even today. One of them is Shalini Passi, a well-known art collector and socialite from Delhi. Shalini is married to Sanjay Passi, a billionaire businessman and chairman of the PASCO Group. The company started in 1989 by handling dealership work for Tata Motors, and since then, the business has grown massively. Today, the PASCO Group is worth over Rs. 2,690 crore. Sanjay Passi was even honoured with the Income Tax Ratna Award in 1999 for being one of the highest taxpayers in India. A palace in the heart of Delhi Shalini lives with her husband and son in a stunning mansion in Delhi's Golf Links area. Their home is spread across 20,000 square feet and looks nothing less than a palace. Every corner of the house is designed with great attention to detail, featuring expensive artworks, gold-rimmed mirrors, and luxurious furniture. This lavish home took five years to build. It has 14 bedrooms, a swimming pool, gym, spa, and a beautifully designed garden. One of the main highlights of the garden is a 25-foot-tall Buddha statue, which adds a peaceful and a grand vibe to the space. The landscape was designed by Trevor Hiller, a well-known architect from One Degree North Landscape. A true art lover Shalini's home is filled with thousands of art pieces. Be its from the ancient sculptures or the modern installations, her house looks like an art exhibition. The walls are decorated with acrylic paintings, gold-framed mirrors, and pieces that reflect both Indian and European influence. Some mirrors date back to the 19th century, and even the furniture is custom-made. The living room is styled to give a royal feel with Persian carpets, English cottage décor, and special candle holders called 'Spin Candelabra' made by famous artist Tom Dixon. The entire house is shaped in a soft boomerang curve, making it both artistic and unique. Passion for social work Apart from being a style icon, Shalini is also involved in charity and social work. She is on the board of Khoj Advisory, which supports contemporary art. Shalini often supports creative and cultural projects and is also active in giving back to society through various causes. Shalini Passi came into the limelight through the Netflix reality show 'The Fabulous Lives vs Bollywood Wives', which showcased her elegant lifestyle and interest in fine living. But beyond the cameras and luxury, she is deeply connected to art, family, and philanthropy.
India.com
11-06-2025
- Business
- India.com
Rs 2690 crore empire, 14-bedroom ‘royal mansion' in the heart of Delhi and…, Shalini Passi's ultra-luxurious lifestyle is straight out of a fairy tale
Shalini Passi's ultra-luxurious lifestyle You may have seen the grand lives of kings and queens in films with giant palaces, royal comfort, and a staff of servants. While those days belong to history, there are still a few people who live in a similar luxurious style even today. One of them is Shalini Passi, a well-known art collector and socialite from Delhi. Shalini is married to Sanjay Passi, a billionaire businessman and chairman of the PASCO Group. The company started in 1989 by handling dealership work for Tata Motors, and since then, the business has grown massively. Today, the PASCO Group is worth over Rs. 2,690 crore. Sanjay Passi was even honoured with the Income Tax Ratna Award in 1999 for being one of the highest taxpayers in India. A palace in the heart of Delhi Shalini lives with her husband and son in a stunning mansion in Delhi's Golf Links area. Their home is spread across 20,000 square feet and looks nothing less than a palace. Every corner of the house is designed with great attention to detail, featuring expensive artworks, gold-rimmed mirrors, and luxurious furniture. This lavish home took five years to build. It has 14 bedrooms, a swimming pool, gym, spa, and a beautifully designed garden. One of the main highlights of the garden is a 25-foot-tall Buddha statue, which adds a peaceful and a grand vibe to the space. The landscape was designed by Trevor Hiller, a well-known architect from One Degree North Landscape . A true art lover Shalini's home is filled with thousands of art pieces. Be its from the ancient sculptures or the modern installations, her house looks like an art exhibition. The walls are decorated with acrylic paintings, gold-framed mirrors, and pieces that reflect both Indian and European influence. Some mirrors date back to the 19th century, and even the furniture is custom-made. The living room is styled to give a royal feel with Persian carpets, English cottage décor, and special candle holders called 'Spin Candelabra' made by famous artist Tom Dixon. The entire house is shaped in a soft boomerang curve, making it both artistic and unique. Passion for social work Apart from being a style icon, Shalini is also involved in charity and social work. She is on the board of Khoj Advisory, which supports contemporary art. Shalini often supports creative and cultural projects and is also active in giving back to society through various causes. Shalini Passi came into the limelight through the Netflix reality show 'The Fabulous Lives vs Bollywood Wives', which showcased her elegant lifestyle and interest in fine living. But beyond the cameras and luxury, she is deeply connected to art, family, and philanthropy.
