JSW Group’s Copper Business CEO Pankaj Kumar Resigns Amid Strategic Shift
Pankaj Kumar, the CEO of JSW Group’s copper business, has resigned as the conglomerate shifts its strategic priorities toward steel and electric vehicles (EVs), according to two sources familiar with the development. Kumar is currently serving his notice period and will remain with the company until the end of December. The sources requested anonymity as the resignation has not yet been officially announced.
JSW Group has not yet responded to Reuters’ request for comments regarding Kumar’s exit. The move comes at a time when the company has been recalibrating its long-term growth plans, placing greater emphasis on its core steel operations and emerging EV sector.
Despite the internal realignment, JSW has made notable strides in the copper sector this year. The group had previously explored setting up a 500,000 metric ton copper smelter in Odisha. In January, JSW announced an investment of ₹26 billion ($293.58 million) to operate two copper mines owned by Hindustan Copper for a 20-year period, with an option to extend for an additional decade.
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