Joint Venture27 Mar 2026, 04:08 pm
JSW Steel Completes Transfer of Steel Business Undertaking in Bhushan Power and Steel Joint Venture with JFE Steel Corporation
AI Summary
JSW Steel Ltd has completed the transfer of steel business undertaking of Bhushan Power and Steel Limited (BPSL) to its subsidiary, JSW Sambalpur Steel Limited. This move is in line with the 50:50 joint venture agreement with JFE Steel Corporation, Japan for the steel business of BPSL, which was initially approved by the board of directors on December 3, 2025. The transfer of the steel business undertaking from BPSL to JSW Sambalpur has been completed today.
Key Highlights
- JSW Steel Ltd completes the transfer of steel business undertaking of Bhushan Power and Steel Limited to its subsidiary, JSW Sambalpur Steel Limited.
- This transfer is in line with the 50:50 joint venture agreement with JFE Steel Corporation, Japan for the steel business of Bhushan Power and Steel Limited.
- The board of directors of JSW Steel Ltd had initially approved this joint venture on December 3, 2025.
- The transfer of the steel business undertaking from Bhushan Power and Steel Limited to JSW Sambalpur has been completed today.
- This development signifies a significant step forward in the joint venture between JSW Steel Ltd and JFE Steel Corporation, Japan.