JSW Steel has announced its acquisition of a 100% equity interest in thyssenkrupp Electrical Steel India Private Limited (tkES India). The deal, executed through a 50:50 joint venture with Japan’s JFE Steel Corporation, also includes the licensing and technology transfer from the thyssenkrupp group.
tkES India, based in Nashik, Maharashtra, specializes in the manufacture and sale of grain-oriented electrical steel, a critical component in the energy and electrical sectors. This acquisition is part of JSW Steel’s ongoing efforts to expand its capabilities in the electrical steel market and leverage advanced technology to enhance its product offerings.
The transaction marks a significant step for JSW Steel as it continues to pursue growth opportunities in high-value steel segments.
