JSW Steel and JFE Steel to Establish Joint Venture for Electrical Steel Plant in Karnataka

JSW Steel

JSW Steel JSW Steel, one of India’s leading steel producers, has announced its plans to set up a joint venture with Japan-based JFE Steel Corporation. The 50:50 partnership aims to establish a new company named JSW JFE Electrical Steel Private Limited, which will have its manufacturing base in Bellary, Karnataka. According to a stock exchange filing on Tuesday, JSW Steel will be investing Rs 5,500 crore in this venture. The …

Read more