Announced Tue, 30 Jun · 13:18 IST
JSW Steel JFE 50:50 JV for Bhushan Power Steel business now complete
JSWSTEEL · price
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Price reaction · full curve 14 horizons · vs prior close
-1.5%1-day move
₹1232.50
prior close
₹1231.60
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-0.1-0.1-0.0-1.5-0.7-0.0+0.8+0.4-0.5+2.7———
Up moveDown movePending
AI summary
JFE Steel Corporation of Japan has acquired the second 25% stake in JSW JFE Kalinga Steel Limited for Rs 7,875 crores, taking its total holding to 50%. This completes the 50:50 joint venture between JSW Steel and JFE for the steel business of Bhushan Power and Steel. The first tranche of Rs 7,875 crores for 25% was done in March 2026, bringing JFE's total investment to Rs 15,750 crores.
Likely market impact
JSW Steel brings in marquee Japanese partner JFE as equal co-owner of BPSL steel business, with Rs 15,750 cr brought in by JFE, reducing solo capital burden.