# JSW Steel-JFE JV to acquire Thyssenkrupp Electrical Steel India for ₹4,051 crore

Jsquare Electrical Steel Nashik, a 50:50 joint venture between JSW Steel and JFE Steel, will fully acquire Thyssenkrupp Electrical Steel India for ₹4,051.40 crore. The deal includes licensing or transfer of technology from Thyssenkrupp. TKES India manufactures grain-oriented electrical steel at its Nashik facility.

- Type: Acquisition
- Announced: 2024-10-19
- Where: Nashik, Maharashtra, India
- Value: $487.0M (40.5B INR)
- Status: announced
- Products: grain-oriented electrical steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Thyssenkrupp](https://endata.com/companies/833.md) (partner)
- [JFE Steel Corporation](https://endata.com/companies/19688.md) (acquirer)
- [JSW Steel](https://endata.com/companies/22727.md) (acquirer)
- [Thyssenkrupp Electrical Steel India](https://endata.com/companies/80521.md) (target)

## Sources

- [manufacturing.economictimes.indiatimes.com](https://manufacturing.economictimes.indiatimes.com/news/industry/jsw-steel-jfe-jv-to-acquire-thyssenkrupp-co-for-rs-4k-cr/114364762), 2024-10-19: "A JSW Steel joint venture with Japan’s JFE Steel Corp will fully acquire Thyssenkrupp Electrical Steel (TKES) India for Rs 4,051.40 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.