DECEMBER, 20259TOP STORIESJFE TO INVEST 15,750 CR IN JSW JV TO RAISE STEEL OUTPUTSRecently, Japan's JFE Steel Corporation and India's JSW Steel Limited announced a historic joint venture for the steel operations of Bhushan Power & Steel Limited (BPSL). This is one of the largest foreign direct investments in India's steel industry.The joint venture agreement was signed on December 3, 2025. JFE will invest 15,750 crore in the JSW Kalinga Steel joint venture for 50% of the equity of JSW Kalinga Steel, subject to regulatory approvals. This will be JSW Steel's largest acquisition to date. In 2019, JSW Steel, through the IBC, purchased Bhushan Power for 19,700 crore. Since Bhushan Power became a subsidiary of JSW Steel in October 2021, JSW Steel has made capital expenditures of approximately 3,500-4,500 crore to expand and maintain its facilities. As of 2:52 PM on Wednesday, JSW Steel was trading at 1,134.75 per share on the BSE, down 2.3%.The iron ore mine and integrated steel plant of BPSL are located in Odisha and have a yearly production rate of 4.5 million tons of raw steel. The partnership plans to add capacity of 10 million tons by 2030 and potentially have an additional 15 million tons capacity, making it one of the largest steel businesses in India.The joint venture is anticipated to meet the projected increase in demand for steel domestically and to increase the creation of value added steel products. JFE Steel's percentage ownership of JSW Steel was 15% at the end of September.JFE Steel President and CEO Masayuki Hirose stated that the two companies have worked together on numerous occasions since they entered into a comprehensive partnership in 2009."We have engaged including capital participation; licensing of manufacturing technology for automotive steel and non-oriented electrical steel sheets; and a joint venture for the manufacturing of grain-oriented electrical steel sheet. Our relationship is now entering a new phase. I am confident that by leveraging our technological strengths and jointly operating an integrated steel plant in India with JSW, we will not only contribute to the further growth of both companies but also make a significant contribution to the development of the Indian steel industry", he added.According to JSW Steel, this agreement will help them achieve the target of 50 million tons per year by FY31, with continued growth, financial responsibility, and long-term participation in India's expansion of steel. IMRThe National Highways Authority of India (NHAI), in conjunction with Reliance Jio, has entered into a Memorandum of Understanding (MoU) to develop and implement an advanced new system to send mobile phone safety alerts to travellers on India's National Highways.Safety alerts will notify Jio customers via SMS alert texts and push notifications if they are about to enter an area identified as having increased risk for accidents, such as accident-prone areas, areas where livestock or cattle may roam freely, and areas where visibility may be compromised due to fog.The Ministry of Road Transport and Highways expects that this will lead to a significant increase in awareness among commuters travelling on India's National Highways and will therefore reduce the number of accidents that could have been prevented if commuters had been provided with appropriate information prior to entering those areas."The initiative aims to strengthen road-safety by providing timely information to national highway users, enabling them to adjust speed and driving behaviour well in advance", the ministry stated.The NHAI will pursue similar agreements with other mobile telecommunications service providers in order to expand the reach of this initiative.To deliver safety alerts to highway users in a timely manner, SMS, WhatsApp, and high priority voice calls will be utilized as a method of communication. These methods will eventually be added into NHAI's existing digital platforms and used in conjunction with Rajmargyatra and the 1033 emergency phone line.These safety alerts will use the existing cellular network of mobile telephone operating companies, so deploying this technology can happen very quickly and does not require building additional towers.NHAI Chairman Santosh Kumar Yadav said, "This initiative marks an important step forward in providing timely and reliable information to commuters, enabling them to make informed decisions and adopt safer driving practices well in advance".Additionally, this initiative will take advantage of Jio's large digital network which currently provides service to more than 500 million subscribers, by providing live information about potential hazards on the highway and increasing highway safety across India. IMRNHAI, JIO SIGN MoU TO DELIVER ROAD SAFETY ALERTS TO USERS
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