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JFE Steel to buy JSW BPSL stake for ₹15,000 cr
The New Indian Express Chennai
|December 04, 2025
INDUSTRIALIST Sajjan Jindal's JSW Steel will sell a 50% stake in its subsidiary Bhushan Power and Steel (BPSL) to Japan's JFE Steel Corporation for ₹15,750 crore to form an equal joint venture (JV) at an equity value of ₹31,500 crore.
As part of the JV, JSW Steel will transfer its wholly-owned BPSL business through a slump sale on a going-concern basis to JSW Sambalpur Steel for a cash consideration of ₹24,483 crore.
JSW Sambalpur is 100% held by JSW Kalinga Steel. As of date, JSW Kalinga is a wholly owned subsidiary of Piombino Steel Limited, which in turn is owned 82.65% by JSW Steel and 17.35% by JSW Shipping & Lo-
JSW Steel to transfer business to JSW Sambapur
This story is from the December 04, 2025 edition of The New Indian Express Chennai.
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