JSW Steel , a leading Indian steel manufacturer, is reportedly in talks to sell up to 50% of its stake in Bhushan Power & Steel Ltd (BPSL), signaling a potential shift in its strategic holdings. This move could reshape the landscape of India's steel industry and attract significant foreign investment.

Potential Stake Sale

JSW Steel is currently exploring options to divest up to half of its ownership in BPSL. According to sources, Japan's JFE Steel has emerged as the frontrunner to acquire this substantial stake. This potential deal underscores JSW Steel's efforts to forge strategic partnerships that could enhance its global competitiveness and operational efficiency.

Strategic Rationale

The company's strategy appears to be focused on:

1. Enhancing scale and efficiency
2. Improving global competitiveness
3. Potentially bringing in a financial or strategic investor

While JSW Steel has acknowledged that it evaluates various opportunities, including potential collaborations, the company has refrained from commenting on specific speculations regarding the stake sale.

BPSL Acquisition and Capacity

Legal Developments

The journey of BPSL under JSW Steel's ownership has faced legal challenges:

• The Supreme Court ordered BPSL's liquidation
• Subsequently, the Supreme Court reversed its earlier decision, reinstating JSW Steel's acquisition

This reversal has allowed JSW Steel to proceed with its plans for BPSL's revival and strategic development.

Implications

The potential stake sale in BPSL could have several implications:

1. Increased foreign investment in India's steel sector
2. Potential technology and expertise transfer if JFE Steel acquires the stake
3. Realignment of JSW Steel's portfolio and strategic focus

As this situation develops, stakeholders in India's steel industry will be watching closely to see how this potential deal might influence market dynamics and competitiveness in the sector.

JSW Steel , one of India's leading steel producers, has announced its consolidated crude steel production figures for October 2025, showcasing a notable year-over-year increase despite operational adjustments.

Production Highlights

• JSW Steel produced 24.95 lakh tonnes of consolidated crude steel in October 2025
• This represents a 9% increase compared to the same period last year
• The company's Indian operations achieved 83% capacity utilization
• Excluding Blast Furnace 3 capacity, utilization reached 92%
• JSW Steel USA-Ohio contributed 0.55 lakh tonnes to the total production

Operational Updates

JSW Steel's performance in October 2025 was impacted by the temporary shutdown of Blast Furnace 3 at its Vijayanagar facility. This shutdown is part of a capacity upgrade project:

• Blast Furnace 3 is undergoing an expansion from 3.0 MTPA to 4.5 MTPA
• The furnace is expected to resume production in February 2026

Capacity Overview

JSW Steel operates with the following steel-making capacity:

The company's ability to maintain strong production levels, even with a major blast furnace offline, demonstrates its operational flexibility and robust infrastructure across its facilities.

JSW Steel's ongoing capacity expansion efforts, particularly the upgrade of Blast Furnace 3, signal the company's commitment to enhancing its production capabilities. This strategic move may position JSW Steel to meet growing demand in the steel market once the upgraded furnace resumes operations in early 2026.

The production report indicates JSW Steel's resilience in maintaining growth despite operational challenges, reflecting the company's strategic positioning in the market.