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Green Steel
- India -

JSW Steel and JFE Steel Receive CCI Approval for Thyssenkrupp Electrical Steel India Acquisition

The Competition Commission of India (CCI) has approved the acquisition of Thyssenkrupp Electrical Steel India by a joint venture between JSW Steel and JFE Steel. The deal, valued at approximately ₹4,051 crore (around $482 million), involves acquiring 100% equity in the Indian company, which specializes in grain-oriented electrical steel crucial for energy-efficient transformers. This acquisition aligns with JSW's strategy to enhance its portfolio of value-added steel products and is expected to facilitate immediate market access and establish an integrated manufacturing system in India.

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JSW Steel and JFE Steel Receive CCI Approval for Thyssenkrupp Electrical Steel India Acquisition

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