JFE Steel Corporation (hereinafter “JFE”) and JSW Steel Limited (hereinafter “JSW”) have jointly completed the establishment of a joint venture involving Bhushan Power & Steel Limited (hereinafter “BPSL”), which operates an integrated steel plant in the eastern Indian state of Odisha, on March 30, 2026.
By operating this existing integrated steelworks, the JV expects to be able to quickly capture steel demand in the rapidly growing Indian market and achieve accelerated profitability. Furthermore, by bringing JFE’s technological strengths to and combining it with JSW’s operational excellence, the companies will be able to expand the production of high value-added products and improve productivity.
At the same time, by positioning the JV as its third integrated steelworks, expanding JFE’s existing production base comprising the East and West steelworks in Japan, JFE expects to expand earnings from its overseas business
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