JSW Steel has approved the merger of Piombino Steel Limited with itself, consolidating ownership of Bhushan Power and Steel’s 4.5 MTPA integrated steel facility in Odisha. The move, subject to shareholder and regulatory approvals, is expected to strengthen JSW’s operational efficiency and expand its production capacity.
JSW Steel’s Board of Directors has cleared the Scheme of Amalgamation of Piombino Steel Limited with JSW Steel, marking a significant step in restructuring its steel operations. Piombino Steel currently owns Bhushan Power and Steel Limited (BPSL), which operates a 4.5 million tonnes per annum integrated steel plant in Odisha. The merger is expected to streamline operations, reduce redundancies, and enhance JSW Steel’s overall production footprint.
Key highlights from the announcement include
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The merger was approved by JSW Steel’s Board on December 3, 2025.
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Piombino Steel Limited owns Bhushan Power and Steel Limited, a 4.5 MTPA integrated steel facility.
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The merger is subject to approvals from shareholders, stock exchanges, and regulatory authorities.
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Audit Committee and Independent Directors recommended the merger, ensuring governance compliance.
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The move is expected to consolidate JSW’s steelmaking assets and improve operational efficiency.
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The merger strengthens JSW Steel’s position as one of India’s largest private steel producers.
This strategic consolidation reflects JSW Steel’s long-term vision of expanding capacity and optimizing resources. By integrating Piombino Steel, JSW aims to reinforce its leadership in India’s steel sector and enhance competitiveness in global markets.
Sources: InvestyWise, Business Standard, Economic Times