JSW Steel Forms 50:50 JV with JFE Steel; JFE to Invest ₹15,750 Crore

JSW Steel Limited has announced a strategic joint venture with JFE Steel Corporation, Japan, involving the transfer of Bhushan Power and Steel Limited’s steel business into a 50:50 joint venture announced on December 3, 2025. 

50:50 Joint Venture with JFE Steel  

JSW Steel will transfer the BPSL steel business undertaking to a 50:50 joint venture with JFE Steel by way of a slump sale for a cash consideration of ₹24,483 crore. The joint venture has an equity value of ₹31,500 crore and JFE will invest ₹15,750 crore in 2 tranches for a 50% stake. 

The transaction supports JSW’s target of achieving 50 MTPA steelmaking capacity in India by FY 2031 and aims to accelerate growth while maintaining financial prudence. JSW expects the cash proceeds to strengthen its balance sheet and provide a runway for expansion. 

Background and Operational Context 

JSW acquired BPSL in 2021 and upgraded the unit from 2.75 MTPA to 4.5 MTPA, with a workforce of 25,000. The partnership leverages JFE’s technology strengths and JSW’s project execution and operational capabilities to produce value added steel products. 

JSW will remain invested in the joint venture and participate in future value creation. Both companies noted that the collaboration builds on a longstanding relationship that began in 2009 and enters a new phase focused on technology transfer and integrated operations in India. 

Read More: NACL Industries Share Price Jumps Over 2% as Board to Consider Fund Raising on December 1! 

JSW Steel Share Price Performance 

As of December 3, 2025, at 3:07 PM, JSW Steel share price on NSE was trading at ₹1,140.30 down by 1.87% from the previous closing price. 

Conclusion 

The transaction represents a material strategic step for JSW Steel to balance growth with capital discipline while bringing partner technology into its operations. The arrangement is expected to support production of higher value steel products for the Indian market. 

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