India's JSW Steel Limited and Japan's JFE are collaborating to acquire a 30% stake in an Australian coal mine owned by Whitehaven Coal. The Australian company is considering selling up to 30% to both parties, deviating from the initial plan of a 20% stake to one. JSW Steel was expected to secure a 20% stake for around $1 billion, but the final offer's valuation remains undisclosed. JSW and JFE have established a 50:50 joint venture in India, JSW JFE Electrical Steel Private Ltd, focusing on electrical grade steel production. Plans to boost capacity to 50 million metric tons annually by 2030 are underway, aiming to ensure raw material supplies through acquisitions.