In a major milestone for Indo-Japanese industrial cooperation, JSW Steel and Japan’s JFE Steel Corporation have officially unveiled the new identity of their 50:50 joint venture as JSW JFE Steel Limited. The company will oversee integrated steel operations at Sambalpur, Odisha, opening a new chapter in India’s manufacturing expansion.
The launch ceremony was attended by Odisha Chief Minister Mohan Charan Majhi, Union Education Minister Dharmendra Pradhan, JSW Group Chairman Sajjan Jindal, Parth Jindal, JFE Holdings President and CEO Yoshihisa Kitano, and Japanese Ambassador Keiichi Ono. Previously known as JSW Sambalpur Steel Ltd, the new name also marks 15 years of strategic cooperation between JSW and JFE. The rebranding reflects the combination of JSW’s execution strength and operational scale with JFE’s advanced steelmaking technology and engineering expertise.
Sajjan Jindal, Chairman of JSW Group, said the new venture represents the coming together of two respected industrial legacies with a shared commitment to shaping the future of steelmaking in India. He noted that the partnership, which began in 2009, has evolved into a strong strategic relationship. By combining JSW’s speed and flexibility with JFE’s technical leadership, the venture is positioned to drive the next phase of sustainable steel production in the country.
Yoshihisa Kitano, Representative Director, President and CEO of JFE Holdings, said the formation of JSW JFE Steel marks the next stage in the partnership’s journey in India. He added that the integration of JFE’s technology with JSW’s manufacturing scale will create long-term value for shareholders while supporting India’s industrial progress.
The Sambalpur facility enjoys a strategic location with strong rail and road connectivity. It also benefits from proximity to Odisha’s rich iron ore reserves, ensuring reliable raw material access and cost efficiency. The plant produces a broad portfolio of flat and long steel products, including hot-rolled coils, cold-rolled coils and downstream value-added products. These materials cater to key sectors such as automotive, infrastructure, construction and capital goods.
JSW Steel, the flagship company of the US$23 billion JSW Group, has grown into one of India’s largest integrated steel producers with consolidated crude steel capacity of 35.9 million tonnes per annum, including operations in the United States. Its domestic capacity stands at 34.4 million tonnes per annum, with expansion plans set to take total capacity to 43.9 million tonnes over the next three years.
JFE Steel Corporation, formed in 2003 through the merger of NKK Corporation and Kawasaki Steel Corporation, is among the world’s leading steelmakers. The company operates major steelworks in Japan and has a global presence through affiliates and offices worldwide.
