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JSW Steel announced a 50:50 JV with JFE Steel for the BPSL steel business. The BPSL unit (4.5 MTPA capacity) is being transferred for ₹24,483 Cr. JFE will invest ₹15,750 Cr for 50% equity in the JV entity. This aims to boost capacity and high-value product output, aligning with JSW's growth targets.