# 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.

- Type: Investment
- Announced: 2024-02-14
- Where: Bellary district, Karnataka, India
- Value: $660.0M (55.0B INR)
- Starts operating: 2027
- Status: announced
- Products: grain-oriented electrical steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [JFE Steel Corporation](https://endata.com/companies/19688.md) (partner)
- [JSW Steel](https://endata.com/companies/22727.md) (partner)

## Sources

- [tndindia.com](https://www.tndindia.com/jsw-formalizes-jv-with-jfe-for-grain-oriented-electrical-steel/), 2024-02-14: "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."

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