Try GOLD - Free
JFE’s Bhushan Steel deal to help JSW slash debt
Hindustan Times Lucknow
|December 04, 2025
In a deal that is expected to ease its stretched balance sheet while sustaining an expansion drive, billionaire Sajjan Jindal-led JSW Steel will transfer the steel assets of Bhushan Power & Steel Ltd (BPSL) into a new 50:50 joint venture with Japan's JFE Steel Corp.
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. This will be the second joint venture between the two companies, the other being JSW JFE Electrical Steel.
This is one of the largest foreign direct investments by a Japanese firm in India and comes close on the heels of Sumitomo Mitsui Banking Corp. investing ₹13,483 crore for a 20% stake in Yes Bank. Other notable investments by Japanese firms in India include Daiichi’s $4.6 billion investment to acquire a 64% stake in Ranbaxy in 2008 and NTT Docomo’s $2.7 billion investment to acquire a 26.5% stake in Tata Teleservices in 2009.
This story is from the December 04, 2025 edition of Hindustan Times Lucknow.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Hindustan Times Lucknow
Hindustan Times Lucknow
Aryan reveals he didn't know who Abhay Deol was when he worked with him
Indian-origin actor Aryan Simhadri plays one of the main characters, Grover Underwood, in the web series adaptation of the fantasy novel series Percy Jackson & The Olympians.
1 min
December 13, 2025
Hindustan Times Lucknow
Shubman's form adds to India's worries with T20 WC looming
Ten Doeschate says burden of leadership may have tightened him up but Gill will have to find his way
3 mins
December 13, 2025
Hindustan Times Lucknow
Story of a fractured city
{ A KARACHI NOVEL } POLITICAL REALITY MEETS MAGIC REALISM
3 mins
December 13, 2025
Hindustan Times Lucknow
Manipur BJP MLAs summoned to Capital for meeting on Sunday
The Bharatiya Janata Party (BJP) has summoned the party’s legislators in Manipur to Delhi on Sunday for a meeting to discuss the situation in the ethnic violence-hit state, leaders aware of the details said on Friday.
1 min
December 13, 2025
Hindustan Times Lucknow
Pragg on Candidates challenge: Too early to think about winning already
R Praggnanandhaa spent his Friday evening engaging in some chess simul with a bunch of underprivileged kids from various schools in Mumbai’s Dharavi, an area populated with slums.
2 mins
December 13, 2025
Hindustan Times Lucknow
Dhaka’s return to rule by the vote
The first general election in Bangladesh after the ouster of the Sheikh Hasina government presents a dilemma for India
2 mins
December 13, 2025
Hindustan Times Lucknow
'Sikh presence in Kashmir has a long history'
On the absence of research on the community, and why Sikhs decided to stay back in the Valley in the early 1990s
2 mins
December 13, 2025
Hindustan Times Lucknow
Politics to peace, women leading a quiet revolution
The role of women needs to be recognised, amplified, and embedded into the architecture of India's democratic and constitutional frameworks
4 mins
December 13, 2025
Hindustan Times Lucknow
9 dead, 20 hurt as bus falls into deep gorge in Andhra
Nine people were killed, and more than 20 injured when a private bus overturned and fell into a gorge on the ghat road in Andhra Pradesh’s Alluri Sitarama Raju district early on Friday, the police said.
1 min
December 13, 2025
Hindustan Times Lucknow
Congress stalwart, ex-Union minister dies, at 91
In March 1979, rumours that Jayaprakash Narayan was dead quickly spread across India.
3 mins
December 13, 2025
Listen
Translate
Change font size