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JSW Steel enters into strategic joint venture partnership with JFE Steel Corporation

03 Dec 2025 Evaluate

JSW Steel has entered into a strategic joint venture partnership with JFE Steel Corporation, Japan (JFE). As part of the transaction, the Steel business undertaking of Bhushan Power and Steel (BPSL), 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 Rs 24,483 crore. JFE will invest a total amount of Rs 15,750 crore in two tranches, for a 50% stake in the joint venture. The transaction is aimed at securing the company’s growth in a financially prudent manner to enable it to pursue its aspirations across business cycles.

JSW acquired BPSL in 2021 through an IBC process and then turned it around successfully. Through this transaction, the company will monetise part of its holding in BPSL, in order to accelerate the growth of JSW. While doing so, the company will bring in JFE, a trusted, long?term strategic partner that will bring in technological expertise, and along with JSW Steel’s capability of project execution and operational excellence, will create further value for the joint venture. JSW shall continue to remain invested in, and will participate in the future value creation in the joint venture.  

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.


JSW Steel Share Price

1274.85 34.95 (2.82%)
20-Apr-2026 16:59 View Price Chart
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