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JSW Steel and JFE Steel Form Joint Venture for Bhushan Power and Steel Business

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JSW Steel and JFE Steel Form Joint Venture for Bhushan Power and Steel Business

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The latest announcement is out from JSW Steel Limited ( (IN:JSWSTEEL) ).

JSW Steel Limited has entered into a 50:50 joint venture with JFE Steel Corporation of Japan for the steel business of Bhushan Power and Steel Limited. This strategic partnership involves a business transfer agreement and is subject to necessary regulatory and shareholder approvals, potentially strengthening JSW Steel’s market position.

More about JSW Steel Limited

JSW Steel Limited is a prominent player in the steel industry, primarily engaged in the production and distribution of steel products. The company focuses on expanding its market presence through strategic partnerships and joint ventures.

Average Trading Volume: 53,100

Technical Sentiment Signal: Buy

Current Market Cap: 2841B INR

For detailed information about JSWSTEEL stock, go to TipRanks’ Stock Analysis page.

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