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SBI, Synergy to sell stake via JSW Cement OFS

The New Indian Express Vijayawada

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August 05, 2025

WITH the demand for specialised electrical steel rising, JSW Steel, largest producer of hot-rolled metal, and Japanese alloy major JFE Steel Corporation together will invest ₹5,485 crore to augment the specialised electrical steel capacity to 3.5 lakh tonne across its Vijayanagar and Nashik facilities.

- ENS ECONOMIC BUREAU @New Delhi

The two companies have announced two more joint ventures (JVs). The investment will be made through JVs JSW JFE Electrical Steel in Vijayanagar in Karnataka, and JSW JFE Electrical Steel Nashik in Maharashtra.

While the Vijayanagar facility will get ₹1,545 crore of additional investment from JSW, the JSW Steel-JFE Steel joint venture will invest ₹4,300 crore in the Nashik facility to ramp up specialised grain-oriented electrical steel (GOES) capacity.

The New Indian Express Vijayawada से और कहानियाँ

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Police post built with stones thrown at cops during Sambhal clash opens

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CM says rehab new path for social integration in C’garh

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Minister, scholar, LS speaker: Multi-faceted Shivraj Patil passes away

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MNREGA gets new name, 125 days of employment

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Zubeen's secy, festival organiser among 4 charged with murder

THE Assam Special Investigation Team (SIT) on Friday filed the charge sheet in the highprofile Zubeen Garg death case in the court of Chief Judicial Magistrate, Kamrup (Metro), slapping the charge of murder against four of the seven accused.

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Ops to hunt terrorists in Jammu forests

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MahaYuti stays united, seals Maha seat deal for BMC polls

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House truth: Gujarat’s road safety gap widens

FRESH Rajya Sabha and Lok Sabha data have exposed serious problems in Gujarat’s road management system.

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CLIMATE SCIENCE IS NOT A HOAX, DON'T GAMBLE

SIR ROBERT WATSON'S BLUNT MESSAGE TO CLIMATE BLOCKERS

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'Don't use tourist visa for purpose of giving birth': US warns Indian appliers

Indian nationals anxious with change in laws

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