JSW Steel’s new joint venture fast-tracks India entry with ₹4,000 crore thyssenkrupp acquisition

JSW Steel and JFE Steel will acquire thyssenkrupp’s specialty steel unit in Nashik for ₹4,051 crore. The all-cash deal aims to enhance production of electrical steel in India, allowing for import substitution and contributing to self-reliance, subject to regulatory approvals.
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