Joint Venture3 Dec 2025, 02:38 pm
JSW Steel Ltd. Announces a 50:50 Joint Venture with JFE Steel Corporation, Japan for Bhushan Power and Steel Limited Steel Business Undertaking
AI Summary
JSW Steel Ltd. has entered into a strategic joint venture partnership with JFE Steel Corporation, Japan. The Steel business undertaking of Bhushan Power and Steel Limited, a subsidiary of JSW, will be transferred to a 50:50 joint venture with JFE, by way of a slump sale for a cash consideration of INR 24,483 crore. JFE will invest a total amount of INR 15,750 crore in two tranches, for a 50% stake in the joint venture. This transaction is aimed at securing the Company’s growth in a financially prudent manner to enable it to pursue its aspirations across business cycles.
Key Highlights
- JSW Steel Ltd. has entered into a strategic joint venture partnership with JFE Steel Corporation, Japan.
- The Steel business undertaking of Bhushan Power and Steel Limited will be transferred to a 50:50 joint venture with JFE.
- JFE will invest a total amount of INR 15,750 crore in two tranches, for a 50% stake in the joint venture.
- This transaction is aimed at securing the Company’s growth in a financially prudent manner.
- JSW Steel aims to lead the energy transition by powering steel-making operations entirely by renewable energy by 2030.