JSW JFE acquires thyssenkrupp Electrical Steel India
JSW JFE Electrical Steel Pvt Ltd has finalized the acquisition of thyssenkrupp Electrical Steel India Pvt Ltd (tkES India) for Rs 40.51 billion. This move enables JSW-JFE to enter the grain-oriented electrical steel (GOES) business, aligning with their plans to expand into this crucial sector. tkES India, based in Nashik, Maharashtra, is one of India’s pioneers in GOES manufacturing. The acquisition is being carried out through Jsquare Electrical Steel Nashik Pvt Ltd, a wholly-owned subsidiary…