JSW Steel has entered into a joint venture agreement (JVA) with JFE Steel Corporation (JFE) on August 2, 2023 for the purposes of establishing a joint venture company in India (JVC) for the manufacture and sale of CRGO using industry leading machinery, technical know-how and JFE Steel’s energy efficient production technology developed through extensive R&D. The entire project cost is expected to be around Rs 5,500 crore. This is expected to be financed by a mix of equity and debt.
JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.
