# JSW Steel and JFE formalize JV for BPSL operations in Odisha

India's JSW Steel and Japan's JFE Steel Corporation have formalized their joint venture to operate the integrated steel facility of Bhushan Power & Steel Limited in Odisha through JSW Kalinga Steel Ltd.

- Type: Partnership
- Announced: 2026-03-30
- Where: Odisha, India, India
- Status: completed
- Products: steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [JSW Kalinga Steel Ltd](https://endata.com/companies/91714.md)
- [JFE Steel Corporation](https://endata.com/companies/19688.md) (partner)
- [JSW Steel](https://endata.com/companies/22727.md) (partner)
- [Bhushan Power & Steel](https://endata.com/companies/45322.md) (target)

## Sources

- [mesteel.com](https://mesteel.com/news?category=mergers-acquisitions&page=2), 2026-05-04: "India's JSW Steel and Japan's JFE Steel Corporation have formalized their joint venture to operate the integrated steel facility of Bhushan Power & Steel Limited (BPSL) in Odisha through JSW Kalinga Steel Ltd."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.