JSW Steel Share Price in Focus; JFE Completes ₹15,750 Crore Investment in Joint Venture

JSW Steel has announced the completion of its 50:50 joint venture with Japan's JFE Steel Corporation for the steel business of Bhushan Power and Steel Limited, as per the exchange filings. 

The development follows JFE's acquisition of an additional 25% stake in JSW JFE Kalinga Steel Limited for ₹7,875 crore, taking its total shareholding in the joint venture to 50%.  

JFE Acquires Additional 25% Stake 

JFE Steel Corporation has acquired a further 25% stake (on a fully diluted basis) in JSW JFE Kalinga Steel Limited for a consideration of ₹7,875 crore. 

With this investment, JFE's total investment in the joint venture stands at ₹15,750 crore, comprising two tranches of ₹7,875 crore each.  

Joint Venture Transaction Completed 

Following the latest investment, JFE now holds a 50% stake in JSW JFE Kalinga Steel, while JSW Steel continues to hold the remaining 50%. 

The company said the transaction has now been fully completed, establishing the 50:50 joint venture between the two steelmakers.  

1st Tranche Investment Completed in March 

JSW Steel recalled that JFE had invested the first tranche of ₹7,875 crore on March 30, 2026, acquiring an initial 25% stake in JSW JFE Kalinga Steel. 

Following the first investment and changes in the board composition under the Joint Venture Agreement, JSW Steel and JFE had established joint control over JSW JFE Kalinga Steel and its wholly owned subsidiary, JSW JFE Steel Limited, formerly known as JSW Sambalpur Steel Limited.  

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JSW Steel Share Price Performance 

As of 30 June 2026, at 2:37 PM, JSW Steel share price was trading at ₹1,229.20 per share, reflecting a decline of 0.26% from the previous trading session. 

Conclusion 

JSW Steel has completed the formation of its 50:50 joint venture with Japan's JFE Steel Corporation after the latter acquired an additional 25% stake in JSW JFE Kalinga Steel for ₹7,875 crore. The transaction brings JFE's total investment to ₹15,750 crore and completes the joint venture for the steel business of Bhushan Power and Steel.  

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