India's JSW Steel to move Bhushan Power's steel business into JV with Japan's JFE Steel
03/12/2025 09:32
Dec 3 (Reuters) - India's top steelmaker JSW Steel JSTL.NS said on Wednesday it will sell its Bhushan Power and Steel's steel business to form a new 50:50 joint venture with Japan’s JFE Steel for an equity value of 315 billion Indian rupees ($3.50 billion). ($1 = 90.1000 Indian rupees) (Reporting by Anuran Sadhu in Bengaluru) ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))