JSW Steel announced a merger of its step-down wholly-owned subsidiary, National Steel and Agro Industries Ltd. (with revenue of Rs. 1,122.66 Cr for the year ending March 2024), into its wholly-owned subsidiary, JSW Steel Coated Products Ltd. (which had revenue of Rs. 34,347.26 Cr). The merger is sanctioned by the NCLT with an appointed date of October 1, 2023.