Announced
Synopsis
JSW Steel, a multinational steel producer, and JFE Steel, a steel manufacturer, agreed to form JSW JFE Electrical Steel, a grain-oriented electrical steel company, in a $670m deal. "This collaboration is a milestone development, as it would be the first company to have end-to-end manufacturing of grain-oriented electrical steel products in India. The JV aspires to cater to the surging domestic demand for grain-oriented electrical steel and contribute significantly to the country's energy infrastructure," JSW Steel.
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