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JSW Steel and JFE Steel advance their joint venture project and deepen cooperation around BPSL business.
The two companies now jointly control JSW Kalinga and its subsidiary JSW Sambalpur Steel Limited, thereby strengthening synergies in the steel manufacturing sector. DC04+ZE Electrolytically zinc coated steel, Under the arrangement, BPSL will be injected into the joint venture with a 50:50 shareholding structure. BPSL is an asset acquired by JSW Steel through bankruptcy and reorganization proceedings in 2021.
This collaboration will combine JSW's strengths in the Indian domestic market with JFE's technological capabilities in high-end steel manufacturing, enhancing overall competitiveness. DC04+ZE Electrolytically zinc coated steel, Previously, in February 2024, the two companies also announced an investment of approximately 55 billion rupees in Karnataka to build a new factory, planned to commence production in the 2026/2027 fiscal year, focusing on expanding the capacity of grain-oriented electrical steel to meet growing demand.
