DBT Bureau
Pune, 30 March 2026
JSW Steel Limited said in an exchange filing that Japan’s JFE Steel Corporation has completed the first tranche of its investment in their joint venture, JFE has invested ₹7,875 crore in JSW Kalinga Steel Limited and has been allotted over 2.26 crore equity shares. This allotment gives JFE a 25% stake in JSW Kalinga on a fully diluted basis.
Following the transaction and board restructuring under the joint venture agreement signed in December 2025, both partners have established joint control over JSW Kalinga and its wholly owned subsidiary, JSW Sambalpur Steel Limited.
The companies also confirmed that JFE will acquire an additional 25% stake in JSW Kalinga for another ₹7,875 crore, as per the agreed terms, moving towards a 50:50 joint venture structure and bringing JFE’s total investment to ₹15,750 crore for a 50% stake.
The partnership is part of JSW Steel’s broader strategy to strengthen its position in the domestic steel sector, particularly through the integration and expansion of Bhushan Power and Steel assets.
