JSW Steel-JFE JV to acquire Thyssenkrupp Co for Rs 4kcr

JSW Steel and JFE Steel Corp's joint venture acquires Thyssenkrupp Electrical Steel India for ₹4,051.40 crore, including technology transfer. The acquisition provides market access for grain-oriented electrical steel, used in transformers and generators, manufactured at TKES India's Nashik plant. JSW Steel foresees rapid market growth in this sector.