Intentar ORO - Gratis
JSW Steel, JFE to form 50:50 JV for BPSL steel business
Business Standard
|December 04, 2025
JFE to invest ₹15,750 cr in two tranches for its 50%
Sajjan Jindal-led JSW Steel and JFE Steel Corporation will jointly own and operate the steel business of Bhushan Power and Steel Ltd (BPSL) under an equal partnership, with the Japanese steelmaker acquiring 50 per cent in the joint venture for ₹15,750 crore.
The steel business undertaking of BPSL, a subsidiary of JSW, will be transferred to the joint venture, JSW Kalinga, by way of a slump sale for a cash deal of ₹24,483 crore.
JFE will invest ₹15,750 crore in two tranches for its 50 per cent.
‘The deal is aimed at bolstering the growth of the two steelmakers, whose partnership goes back to 2009, when they signed a comprehensive agreement.
In 2010, the Japanese steel major had picked up 14.99 per cent in JSW Steel.
JSW Steel Joint Managing Director and Chief Executive Officer (CEO) Jayant Acharya described the deal as a “double engine”, allowing it to deleverage and pursue its path of growth.
Esta historia es de la edición December 04, 2025 de Business Standard.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Business Standard
Business Standard
The army’s battle within
Women may be marching perfectly in parades but they are still denied the opportunity to serve in combat roles in the Indian Army
6 mins
December 16, 2025
Business Standard
DGCA probe panel on flight disruptions visits IndiGo HQ
The four-member panel, set up by Director General of Civil Aviation Faiz Ahmed Kidwai to investigate largescale operational disruptions at domestic carrier IndiGo earlier this month, visited the airline's headquarters on Monday as part of the ongoing probe, sources said.
1 min
December 16, 2025
Business Standard
Market sees fewer wild swings in H2CY25
Indian equity markets have moved from turbulence to relative calm this year.
2 mins
December 16, 2025
Business Standard
₹ hits new low for 3rd straight session
The rupee hit a new low for a third consecutive trading session on Monday, touching an intraday low of 90.80 per dollar, as uncertainty surrounding the India-US trade deal continued to weigh on the domestic currency, dealers said.
1 min
December 16, 2025
Business Standard
Proposed nuclear energy Bill caps operator's liability at ₹3,000 cr
The government on Monday introduced in Parliament a Bill that seeks to finally open up the Indian civil nuclear energy sector to private sector players, except in uranium mining, after amending specific provisions dealing with thorny issues like the supplier's liability and compensation in case of a nuclear accident.
2 mins
December 16, 2025
Business Standard
Film director Rob Reiner, wife found dead; son arrested
Actor who went on to direct classic films
2 mins
December 16, 2025
Business Standard
States may shoulder 40% of rural job plan funding
Slowing MGNREGA demand
5 mins
December 16, 2025
Business Standard
Exports grow fastest in nearly 3.5 years
Shipments to US, China rose sharply in Nov; gold imports shrank
1 mins
December 16, 2025
Business Standard
ICICI Pru AMC IPO booked 2x on Day 2 of bidding
ICICI Prudential AMC's mega initial public offering (IPO) was subscribed around two times on second day of bidding.
1 min
December 16, 2025
Business Standard
India-US framework trade deal soon: Commerce secy
India and the United States (US) are hoping to finalise a framework trade agreement “soon”, Commerce Secretary Rajesh Agrawal said on Monday.
3 mins
December 16, 2025
Listen
Translate
Change font size