JSW Steel Limited — Updates, 30-01-2025: Press Release

JSW Steel Limited and JFE Steel Corporation have successfully acquired a 100% equity interest in thyssenkrupp Electrical Steel India Private Limited. The transaction, valued at INR 4,158.6 crore, includes the transfer of associated technology. This acquisition enables JSW to enhance its manufacturing capabilities and align with its strategy of increasing its value-added product portfolio.

The newly formed joint venture, Jsquare Electrical Steel Nashik Private Limited (J2ES), aims to establish an integrated greenfield project for manufacturing grain-oriented electrical steel (GOES) in India by 2027. This move positions JSW Steel to capture a leadership role in the growing GOES market, providing an immediate pathway for market access and establishing a comprehensive system from production to sales. The acquisition signifies strategic growth opportunities, reinforcing JSW's commitment to quality and innovation in the steel industry.