JSW Steel and Japan’s JFE Steel Corp forge partnership for Odisha plant
SAMBALPUR, ODISHA, April 25 — JSW Steel and Japan’s JFE Steel Corporation have forged a partnership encompassing the integrated steel operations at Sambalpur in Odisha.
The two companies have unveiled the new corporate identity for their 50:50 Joint Venture (JV): JSW JFE Steel Limited.
The plant is strategically located and benefits from well-developed rail and road infrastructure,
which is supported by proximity to iron ore mines in India’s largest iron ore-producing region, ensuring strong raw material security and cost competitiveness.
The facility manufactures a wide range of flat and long steel products including hot-rolled coils, cold-rolled coils, and value-added downstream products, catering to automotive, infrastructure, construction, and capital goods sectors.
The ceremony was attended by Odisha Chief Minister Mohan Charan Majhi, Union
Minister of Education Dharmendra Pradhan, JSW Group Chairman Sajjan Jindal,
JSW Group’s Parth Jindal, JFE Holdings President & CEO Mr. Yoshihisa Kitano, and
Japanese Ambassador Keiichi ONO yesterday.
The ceremony unveiling the JSW JFE Steel Limited name, (formerly JSW Sambalpur Steel Ltd),
also celebrated the completion of 15 years of the JSW–JFE strategic alliance.
The new corporate identity symbolizes the fusion of JSW’s “operational excellence and project execution” with JFE’s “world-class technological expertise” tracing the partnership’s journey since 2009.
On the occasion, Sajjan Jindal said, “JSW JFE Steel is more than a joint venture — it
is the coming together of two great industrial traditions and about a shared vision for the future of
Indian steel. Our partnership with JFE, which began in 2009, has evolved into a deep strategic
bond. By combining JSW’s speed and agility with JFE’s technological prowess, we are creating a
powerhouse that will define the next decade of sustainable steelmaking in India.”
Yoshihisa Kitano, Representative Director, President and CEO of JFE Holdings, Inc.
said, “Today, with the establishment of JSW JFE Steel, we are proud to enter the next phase of
our journey as partners in an integrated steelworks in India. We are confident that by combining
JFE’s advanced steelmaking technologies with JSW’s operational scale, JSW JFE Steel will not
only deliver value to our shareholders but make a lasting contribution to India’s industrial
development.”
JSW Steel is the flagship business of the diversified, US$ 23 billion JSW Group which also has interests in energy, infrastructure, cement, paints, realty, e-platforms, mobility, defence, sports, and venture capital.
JFE Steel Corporation, one of the world’s leading integrated steel producers, was established
through the consolidation of NKK Corporation and Kawasaki Steel Corporation in 2003.
The company operates several steelworks in Japan and numerous branch offices and affiliates
throughout the world. Under the corporate vision of “contributing to society with the world’s most
innovative technology,”
