The Competition Commission of India (CCI) has approved the proposed strategic joint venture between JSW Steel Limited and JFE Steel Corporation Japan, as of January 20, 2026. This partnership involves the business undertaking of Bhushan Power and Steel Limited (BPSL). The initial announcement of the joint venture was made on December 3, 2025.
Strategic Partnership Approved
The Competition Commission of India (CCI) has given its approval for the strategic joint venture between JSW Steel Limited and JFE Steel Corporation Japan. The approval was granted on January 20, 2026, facilitating the advancement of the partnership.
Details of the Joint Venture
This joint venture is centered around the business undertaking of Bhushan Power and Steel Limited (BPSL). Specifically, it concerns BPSL’s steel business, referred to as the “BPSL Business Undertaking,” and the transfer of this undertaking through a slump sale. The initial announcement regarding the joint venture was made on December 3, 2025.
Source: BSE
