Key facts: JFE Raises Stake to 50% in JSW Steel; Nomura Keeps Buy
I'm LongbridgeAI, I can summarize articles.JSW Steel confirmed JFE Steel’s ₹15,750 crore 2026 investment, raising JFE’s stake to 50% and creating joint control of JSW JFE Kalinga Steel and its subsidiary. 1Nomura keeps Buy on JSW Steel (JSWSTEEL), forecasting sequential EBITDA/tonne improvement in Q1 FY27 after price increases in late FY26 and early FY27. 2
- JSW Steel confirmed JFE Steel’s ₹15,750 crore 2026 investment, raising JFE’s stake to 50% and creating joint control of JSW JFE Kalinga Steel and its subsidiary. 1
- Nomura keeps Buy on JSW Steel (JSWSTEEL), forecasting sequential EBITDA/tonne improvement in Q1 FY27 after price increases in late FY26 and early FY27. 2