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JSW Steel Limited ( (IN:JSWSTEEL) ) has shared an update.
JSW Steel Limited has announced a strategic joint venture with JFE Steel Corporation of Japan, involving the slump sale of Bhushan Power and Steel Limited’s steel business to a 50:50 joint venture valued at INR 31,500 crore. This transaction allows JSW to monetize part of its holding in BPSL, strengthening its balance sheet and accelerating growth. The partnership with JFE, a long-term collaborator, will leverage technological expertise and operational excellence to create value for stakeholders, positioning JSW for continued growth in the rapidly expanding Indian steel market.
More about JSW Steel Limited
JSW Steel Limited is a prominent player in the steel industry, focusing on steel-making and related products. The company aims to expand its steel-making capacity to 50 million tonnes per annum in India by FY 2031, capitalizing on the country’s growth potential in the steel market.
Average Trading Volume: 54,163
Technical Sentiment Signal: Buy
Current Market Cap: 2856.2B INR
For a thorough assessment of JSWSTEEL stock, go to TipRanks’ Stock Analysis page.