|  | 07/28/2010 |
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JFE Steel Invests in JSW Steel, Develops Indian Market
JFE Steel announced on Tuesday the firm reached agreement with JSW Steel in JFE Steel's capital injection and technical support to JSW Steel. JFE Steel subscribes preferential allotment by JSW Steel for 48 billion rupees. With the JFE Steel's largest investment in offshore company, JFE Steel has 14.99% interest in JSW Steel. It is the first investment in Indian steel maker by Japanese integrated steel maker. JFE Steel also provides automotive flat steel making technology to JSW Steel and with JSW Steel's base, JFE Steel serves local users including transplants of Japanese automakers. Through the tie-up, JFE Steel enters into growing Indian market in full scale.
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 | JFE Steel Invests in JSW Steel, Develops Indian Market
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