{"id":85364,"date":"2025-12-05T00:00:00","date_gmt":"2025-12-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/mena-india\/jinal-groups-steel-arm-looks-to-grow-with-japan-joint-venture\/"},"modified":"2025-12-05T00:00:00","modified_gmt":"2025-12-05T00:00:00","slug":"jinal-groups-steel-arm-looks-to-grow-with-japan-joint-venture","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/mena-india\/2025\/12\/05\/jinal-groups-steel-arm-looks-to-grow-with-japan-joint-venture\/","title":{"rendered":"Jinal Group\u2019s steel arm looks to grow with Japan joint venture"},"content":{"rendered":"

Mumbai<\/strong>-based Jindal Group\u2019s steel arm <\/strong>JSW Steel<\/a><\/strong> will sell the steel <\/strong>business of its subsidiary <\/strong>Bhushan Power and Steel<\/a><\/strong> into a new 50:50 joint venture with Japan\u2019s <\/strong>JFE Steel<\/a><\/strong>, with a transaction valued at INR 244.83 bn (USD 2.72 bn), according to a statement<\/a>.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

Structure + funding: <\/strong>JFE Steel will invest INR 157.50 bn (USD 1.75 bn) into the JV in two tranches, making it one of the largest foreign investments in India\u2019s steel industry<\/strong>. The transaction comes after India\u2019s supreme court approved in September JSW Steel\u2019s takeover of debt-ridden Bhushan Power and Steel, following months of court tussles that reversed an earlier decision to block the deal. <\/p>\n

Strategic roadmap:<\/strong> The JV plans to leverage Bhushan Power & Steel\u2019s existing 4.5 mn tonnes per annum (MTPA) integrated steel plant and iron ore mine in Odisha. The strategic goal is a significant capacity expansion to 10 MTPA by 2030, with plans to scale further to 15 MTPA, positioning the asset among the largest steel production facilities in the country.<\/p>\n

Backdrop: <\/strong>The partnership comes as the sector benefits from strong domestic steel consumption and a manufacturing-led demand recovery in recent months, Reuters<\/a> reports. <\/p>\n","protected":false},"excerpt":{"rendered":"

JSW-JFE JV will take over Bhushan Power steel operations, with the potential to expand capacity to 15 mn tons annually<\/p>\n","protected":false},"author":1,"featured_media":85365,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2433],"tags":[2697,2402,2696,2436,2626,2432],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-85364","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-capital-investment","tag-enterpriseam-india","tag-joint-venture","tag-jsw","tag-ma","tag-ma-watch","wpautop","entry"],"acf":{"mongo_id":"ebb677f0-7f12-4e51-a1b6-73758f7eab7f","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/12\/341.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Jinal 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