JFE Steel Corp acquires additional 25% stake in JSW JFE Kalinga for Rs 7,875 cr

JFE Steel Corporation on Monday acquired an additional 25 per cent stake in JSW JFE Kalinga for Rs 7,875 crore. The transaction stands fully completed and JFE now holds 50 per cent of the shareholding in JSW JFE Kalinga and, JSW Steel said in an exchange filing. On March 30, 2026, JSW Steel said JFE investing Rs 7,875 crores, being the first tranche of its investment in JSW JFE Kalinga Steel Limited, formerly known as JSW Kalinga Steel Limited (JSW JFE Kalinga), resulting in JFE holding 25 per cent of the shareholding (on a fully diluted basis) in JSW JFE Kalinga.

JSW Steel had also intimated that consequent to the said investment and changes in the board composition of JSW JFE Kalinga in terms of the Joint Venture Agreement dated December 3, 2025, the company and JFE had established joint control over JSW JFE Kalinga and its wholly-owned subsidiary, JSW JFE Steel, formerly known as JSW Sambalpur Steel Limited.