JSW Steel & JFE Steel Complete 50:50 JV for Bhushan Power and Steel
JSW Steel and JFE Steel have completed their 50:50 joint venture for Bhushan Power and Steel's steel business. JFE Steel invested a further ₹7,875 crore on June 30, 2026, bringing its total stake to 50%. This completes the transaction, with both companies now sharing joint control.
The formation of a 50:50 joint venture with a major international player like JFE Steel for a significant business unit is expected to have a substantial impact on the company's strategic direction and market position.
The completion of the joint venture and the final investment tranche indicates a positive development and successful execution of the partnership.
JSW Steel Limited (JSWSTEEL) has announced the successful completion of its 50:50 joint venture with JFE Steel Corporation, Japan, for the steel business of Bhushan Power and Steel Limited. This marks the final tranche of JFE Steel's investment.
Following an initial investment of ₹7,875 crore on March 30, 2026, which resulted in JFE holding 25% of the shareholding in JSW JFE Kalinga Steel Limited (formerly JSW Kalinga Steel Limited), JFE has now acquired an additional 25% stake for another ₹7,875 crore on June 30, 2026. This brings JFE's total shareholding to 50% in JSW JFE Kalinga.
Consequently, JSW Steel and JFE Steel now share joint control over JSW JFE Kalinga and its subsidiary, JSW JFE Steel Limited (formerly JSW Sambalpur Steel Limited). The company has confirmed that this intimation will be available on its website, www.jsw.in.
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JSW Steel Limited filed this with the NSE as a statutory disclosure, categorised under merger. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by JSW Steel Limited. Read the original for the full detail.