Indian Billionaire Savitri Jindal’s JSW Steel Sets Up $3.4 Billion JV With Japan’s JFE

Indian Billionaire Savitri Jindal’s JSW Steel Sets Up $3.4 Billion JV With Japan’s JFE

Mumbai-based JSW Steel will transfer the steel business of its unit Bhushan Power and Steel to a joint venture company, in which JFE will invest $1.7 billion for a 50% stake.

JSW Steel’s JV move with Japan’s JFE Steel draws mixed reactions from brokerages

JSW Steel's joint venture with JFE Steel sparks mixed brokerage reactions, balancing optimism and caution amid market challenges.

JSW Steel eyes sharp deleveraging after Bhushan Steel deal with Japanese firm

JSW sells stake in subsidiary Bhushan Steel to JFE Steel. The total debt reduction for JSW Steel, expected to take full effect in the first half of FY27, is around Rs 37,250 crore.

Japan's JFE, JSW forge ₹15,750-cr steel JV

In a landmark collaboration, JSW Steel is joining forces with JFE Steel in a massive ₹15,750 crore venture, acquiring Bhushan Power & Steel's facility in Odisha. This transformative agreement is anticipated to cut JSW Steel's debt load by nearly 50%, paving the way for accelerated growth and enhanced operational capacity at Bhushan Power & Steel beyond its current milestones.

JSW Steel eyes sharp debt reduction through joint venture deal with Japan’s JFE

The deal, anchored by JFE’s ₹15,750-crore commitment, is expected to nearly halve JSW Steel’s debt and ring-fence the BPSL assets under a clean JV structure.

Japan's JFE Steel to Form $3.4 Billion Venture With JSW