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JSW to sell 50% in Bhushan to JFE for up to ₹16,000 cr
Mint Bangalore
|November 12, 2025
Billionaire Sajjan Jindal-led JSW Steel is in advanced talks with JFE Steel Corporation, Japan’s second-largest steelmaker, to bring it in as a partner in wholly owned subsidiary Bhushan Power and Steel Ltd in a deal valued at about ₹15,000-16,000 crore, an executive aware of the matter said.
The transaction, which could be finalized this quarter, would give JFE a 50% stake in the subsidiary and help billionaire Sajjan Jindal-led JSW pare debt or fund expansion plans, according to the executive whospoke on condition of anonymity.
The move comes after the Supreme Court in September approved India's largest steelmaker's ₹19,700-crore plan to take over bankrupt Bhushan Power and Steel Ltd, marking the end of one of India’s longest-running insolvency battles.
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