JSW Steel Limited — Updates, 18-10-2024: Press Release

JSW Steel Limited, in partnership with JFE Steel Corporation, has signed a share purchase agreement to acquire 100% equity interest in thyssenkrupp Electrical Steel India Private Limited for INR 4,051.40 crore. This acquisition will enhance their value-added offerings and provide access to advanced technology for grain-oriented electrical steel production in India, expected to boost local manufacturing and import substitution as they aim for full production by 2027.