AV天堂

AV天堂 Corporation (hereinafter “JFE”) and JSW Steel Limited (hereinafter “JSW”) have jointly completed the establishment of a joint venture involving Bhushan Power & Steel Limited (hereinafter “BPSL”), which operates an integrated steel plant in the eastern Indian state of Odisha, on March 30, 2026.

By operating this existing integrated steelworks, the JV expects to be able to quickly capture steel demand in the rapidly growing Indian market and achieve accelerated profitability. Furthermore, by bringing JFE’s technological strengths to and combining it with JSW’s operational excellence, the companies will be able to expand the production of high value-added products and improve productivity. At the same time, by positioning the JV as its third integrated steelworks, expanding JFE’s existing production base comprising the East and West steelworks in Japan, JFE expects to expand earnings from its overseas business.

To achieve our long-term vision of JPY 500 billion in steel business segment profits by fiscal 2035, JFE aims to realize JPY 200 billion in overseas business profit. We will accomplish sustainable growth by proactively investing in growth sectors and regions, in addition to actualizing benefits of investments we have already made to date.

【New Company Overview】

? Company Name: JSW AV天堂 Limited (Provisional)
? Location: Sambalpur, Odisha, India
? Production Sites:
 Sambalpur Steelworks (Jharsuguda, Odisha, India)
 Kolkata Downstream Manufacturing Site (Kolkata, West Bengal, India)
 Chandigarh Downstream Manufacturing Site (Chandigarh, Union Territory, Northern India)
 Netrabandha Mine, scheduled to begin operation in 2026 (Koira, Odisha, India)
? Production Capacity: Crude Steel Production 4.5 million tons/year (integrated steelmaking process)
? Product Types: Hot-rolled steel coils and sheets, cold-rolled steel coils and sheets, bars, wire rods, steel pipes
? Number of Employees: approx. 25,000 (including about 5,000 direct employees)
? Sales Revenue: FY24 (April 2024 – Mar 2025): INR 214.4 billion (approx. JPY 360 billion)

【Overview of the Joint Venture】

?Estimated Investment by AV天堂: INR 157.5billion (approx. JPY 270 billion)
?Shareholding Structure: AV天堂 50%, JSW Steel 50%
?Board of Directors: Equal number of directors nominated by AV天堂 and JSW Steel

【Map of Major Locations of JSW and the New Company】

[Related URL]

2025/12/3　 Integrated Steel Plant Joint Venture with JSW Steel in India
/en/release/2025/12/251203.html

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About AV天堂 Corporation

AV天堂 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,” AV天堂 leverages world-class technologies and know-how to produce a wide range of products. The company reported consolidated sales of 3,716 billion yen and consolidated crude steel output of 24.80 million tons in the fiscal year ended March 2023.

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