JFE Steel Investment in Bhushan Power & Steel Limited
Planned · Odisha · Last reported Dec 2025
Source: Nikkei Asia
JFE Steel will invest $1.75 billion to acquire a 50% stake in Bhushan Power & Steel Limited (BPSL), a subsidiary of India's JSW Steel. BPSL operates a blast furnace in Odisha with an annual production capacity of 4.5 million metric tons. JFE plans to increase production capacity to 10 million tons by 2030 and is considering building a new blast furnace on land around the steelworks, with future ex
- Status
- Prospective
- Sector
- Steel, Metal, Manufacturing (Industrial), Power Generation (CCGT), Commercial
- Location
- Odisha, India
- Updated
- 22 Jul 2026
- Source
- Nikkei Asia
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Project Information
Participants
| Not available for this record. |
Status
Original status | planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | JFE Steel will invest $1.75 billion to acquire a 50% stake in Bhushan Power & Steel Limited (BPSL), a subsidiary of India's JSW Steel. BPSL operates a blast furnace in Odisha with an annual production capacity of 4.5 million metric tons. JFE plans to increase production capacity to 10 million tons by 2030 and is considering building a new blast furnace on land around the steelworks, with future expansion to around 15 million tons. The investment includes transferring advanced manufacturing technology to BPSL and leveraging BPSL's iron ore mines to improve production efficiency. |
Original sector | Industrial |
Budget |
Location
Country | India |
State | Odisha |
Source
Source | Nikkei Asia |
URL |
More Details
Record type | Project |
Sector | Steel, Metal, Manufacturing (Industrial), Power Generation (CCGT), Commercial |
Article published date | 2025-12-06 |
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