Joint Venture30 Jun 2026, 01:14 pm
JSW Steel & JFE Steel JV: JFE Invests Additional ₹7,875 Cr
AI Summary
JSW Steel Ltd announced the full completion of its 50:50 joint venture with JFE Steel Corporation for the steel business of Bhushan Power and Steel Limited. JFE Steel Corporation has invested an additional Rs. 7,875 crores on June 30, 2026, acquiring a further 25% stake in JSW JFE Kalinga Steel Limited. This brings JFE's total shareholding to 50%, establishing joint control over JSW JFE Kalinga and its subsidiary, JSW JFE Steel Limited. The initial tranche of Rs. 7,875 crores was invested earlier, resulting in JFE holding 25% shareholding.
Key Highlights
- JFE Steel Corporation completes its 50% stake acquisition in JSW JFE Kalinga.
- Total investment by JFE Steel Corporation amounts to Rs. 15,750 crores.
- Joint control established over JSW JFE Kalinga and its subsidiary.
- Transaction signifies full completion of the joint venture agreement.
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