JSW Steel updates on JFE Steel's ₹7,875 crore investment in JSW Kalinga JV
JSW Steel · Ferrous Metals
Key highlights
- JFE Steel Corporation invested ₹7,875 crore as the first tranche in JSW Kalinga Steel Limited on March 30, 2026.
- 2,26,94,524 equity shares allotted to JFE, resulting in 25% fully diluted shareholding.
- Joint control established over JSW Kalinga and its wholly owned subsidiary JSW Sambalpur Steel Limited; second tranche of ₹7,875 crore for further 25% stake to follow per JVA.
Why it's rated notable: amount is ₹500 crore or more
Original filing
Update On 50:50 Joint Venture Between JSW Steel Limited And JFE Steel Corporation, Japan 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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More from JSW Steel
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- Credit ratingNotableMoody’s upgrades JSW Steel to Baa3 investment grade with stable outlook
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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.