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JSW Steel is partnering with Japan s JFE Steel Corporation to form a 50:50 joint venture, JSW JFE Electrical Steel Private Limited. The new company will invest Rs 5,500 crore ($734 million) to set up a plant in Bellary, Karnataka, producing grain-oriented electrical steel. Production is expected to start in FY27, with potential for capacity expansion to meet growing demand in India. ....
JSW Steel is partnering with Japan s JFE Steel Corporation to form a 50:50 joint venture, JSW JFE Electrical Steel Private Limited. The new company will invest INR 5,500 crore (USD 734 million) to set up a plant in Bellary, Karnataka, producing grain-oriented electrical steel. Production is expected to start in FY27, with potential for capacity expansion to meet growing demand in India. ....
JSW Steel and JFE Steel Corporation are establishing a joint venture in Bellary, Karnataka, with an investment of 5,500 crore rupees. The facility, named JSW JFE Electrical Steel, will produce grain oriented electrical steel, targeting to commence production in 2026-27. This venture aims to cater to the growing domestic demand for this specialized steel, crucial for energy-efficient transformers. It will be the first company in India to have complete manufacturing of such products. ....