JSW Steel Merger & Restructuring Worth ₹7,875 Cr
JSW Steel completed its 50-50 joint venture with JFE Steel Corporation. JFE acquired an additional 25% stake in JSW JFE Kalinga for Rs. 7,875 crores.
- Value
- ₹7,875 Cr
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JSW Steel completed its 50-50 joint venture with JFE Steel Corporation. JFE acquired an additional 25% stake in JSW JFE Kalinga for Rs. 7,875 crores.
JSW Steel says JFE Steel completed a JV, investing ₹15,750 crore for a 50% stake in JSW JFE Kalinga. The deal finalises the JV and expands steel operations.
JSW Steel will hold a Board meeting on July 17, 2026 to approve its unaudited Q2‑2026 results. Insider trading is barred July 1‑19, 2026.
JSW Steel reported consolidated crude steel production of 22.93 lakh tonnes for May 2026. This represents a 15% year-on-year growth driven by operational ramp-ups.
JSW Steel's subsidiary JSWSCPL received CoC approval for its resolution plan for Colour Roof India Limited. The implementation remains subject to final NCLT Mumbai approval.
JSW Steel commenced development of a ₹65,000 Crore greenfield integrated steel plant in Odisha. The 13.2 MTPA facility strengthens long-term manufacturing capacity and strategic coastal presence.
JSW Steel signed a strategic MoU with Bharatia and Carbon Iceland for green methanol development. This 300 KTPA project advances industrial decarbonisation and sustainable fuel infrastructure.
JSW Energy Limited sold 2,50,00,000 shares (1.02%) of JSW Steel via a bulk deal. This reduces the total promoter group holding to 44.29%.
JSW Steel reported ₹51,180 Crore revenue for Q4 FY26. The company highlights significant deleveraging and a 5mtpa expansion approval, signaling robust growth and improved financial health.
JSW Steel filed security cover certificates for multiple NCD series totaling ₹5,000 Crore. Statutory auditors certified maintained asset coverage ratios as of March 31, 2026.
JSW Steel approved the merger of BMM Ispat Limited to enhance its steel capacity and product mix. The deal leverages operational synergies in Karnataka.
JSW Steel recommended a ₹7.10 dividend and approved a ₹7,000 Crore fund raise. The company also re-appointed Ms. Fiona Paulus as an Independent Director.
JSW Steel Ltd reported revenue from operations of ₹51,180 Cr (+14.2% YoY) and net profit of ₹19,243 Cr (+1182.0% YoY) for Q4 FY26.
JSW Steel reported a consolidated net profit of ₹25,508 Crore for FY26. The Board also recommended a dividend of ₹7.10 per equity share.