JSW Steel Completes Transfer of Bhushan Power and Steel’s Steel Business to Subsidiary, Initiates Joint Venture with JFE Steel
JSW Steel Limited announced the completion of the transfer of the steel business undertaking of Bhushan Power and Steel Limited (BPSL) to its subsidiary, JSW Sambalpur Steel Limited. The transfer was executed as a slump sale on a going concern basis.The move follows the company’s December 2025 announcement regarding the transfer and a strategic joint venture partnership with JFE Steel Corporation Japan (JFE) for the BPSL steel business undertaking. The joint venture is structured as a 50:50 partnership.
The transaction builds on a December 3, 2025, board decision approving both the transfer and the joint venture. Further details regarding the joint venture partnership were not disclosed.
The information is available on the company’s website at www.jsw.in.
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