JSW Steel completes 50:50 JV stake acquisition with JFE Steel for Bhushan Power
JSW Steel · Ferrous Metals
Key highlights
- JFE Steel Corporation invested ₹7,875 crores for an initial 25% stake in JSW JFE Kalinga on March 30, 2026.
- On June 30, 2026, JFE acquired an additional 25% stake in JSW JFE Kalinga for ₹7,875 crores.
- JFE now holds 50% shareholding in JSW JFE Kalinga, completing the joint venture transaction.
Why it's rated notable: amount is ₹500 crore or more
Original filing
Update On 50:50 Joint Venture Between JSW Steel And JFE Steel Corporation For The Steel Business Of Bhushan Power And Steel Limited.
Read the filing on BSE (PDF) →Companies guiding to strong growth
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Potential multibaggers · Q2 FY27
Potential multibaggers in Ferrous Metals
on management's own guidance
- Jindal SteelGood growth2
- Strong growth1
- Jai Balaji IndustriesGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.