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JSW Steel and JFE Steel form JV for electrical steel plant in India · Endata

◂ Announcements

Feb 14, 2024INVESTMENTBellary district, Karnataka, India

JSW Steel and JFE Steel form JV for electrical steel plant in India

JSW Steel and JFE Steel Corporation have formed a 50:50 joint venture, JSW JFE Electricals Steel Pvt Ltd, to manufacture grain-oriented electrical steel in Bellary district, Karnataka, India. The investment is INR5,500 crore, with production targeted to start in fiscal year 2027.

Value

$660.0M (55.0B INR)

Starts operating

2027

Status

Announced

Productsgrain-oriented electrical steel

CompaniesJFE Steel Corporation partner JSW Steel partner

Sectors#Steel and Metal Products

“The JV will have its manufacturing base in Bellary district, Karnataka and will be set up with a planned investment of Rs.5,500 crore.”tndindia.com

1 source
tndindia.comJSW formalizes JV with JFE for grain-oriented electrical steel - Your Gateway to Power Transmission & DistributionT&amp, D IndiaFeb 14, 2024

Summarized from public sources; check the original articles before acting on it.

More from JFE Steel Corporation

Aug 3, 2023ACQUISITIONBellary district, Karnataka state, India$670.0M
JFE Steel and JSW Steel form $670M joint venture for electrical steel in India
JFE Steel Corporation partner JSW Steel partner jfe-steel.co.jp
Aug 3, 2023PARTNERSHIPVijayanagar, Karnataka, India$664.8M
JSW Steel and JFE Steel form JV for CRGO electrical steel in India
JFE Steel Corporation partner JSW Steel partner seaisi.org
May 23, 2023EXPANSIONKurashiki, Japan, Japan$332.6Mops 2027
JFE Steel to triple electrical steel sheet capacity at Kurashiki
JFE Steel Corporation steelorbis.com
May 22, 2023PARTNERSHIPIndia
JFE Steel and JSW Steel to form joint venture for grain-oriented electrical steel in India
JFE Steel Corporation partner JSW Steel partner jfe-steel.co.jp
Feb 6, 2023EXPANSIONKurashiki, Okayama, Japan$370.0Mops 2026
JFE Steel to further expand electrical steel sheet capacity in Kurashiki
JFE Steel Corporation jfe-steel.co.jp
Dec 20, 2022EXPANSIONFontana, California, United States$370.0Mops 2025
California Steel Industries to build $370M galvanizing line in Fontana
California Steel Industries Nucor investor jfe-steel.co.jp

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