JSW Steel Limited has partnered with JFE Steel Corporation, Japan, to establish a groundbreaking joint venture named JSW JFE Electrical Steel Private Limited.
This 50:50 venture, with an investment of Rs 5,500 crores, will set up a manufacturing base in Bellary, Karnataka, focusing on Grain Oriented Electrical Steel production. The facility, scheduled to commence operations by 2027, aims to address India's rising demand for this crucial component in energy-efficient transformers.