JSW Steel and JFE Steel Corporation have established a 50:50 joint venture named JSW JFE Steel Limited to expand the Bhushan Power and Steel Ltd (BPSL) facility in Sambalpur, Odisha. This venture involves an estimated investment of ₹32,000 crore (approximately $3.9 billion USD) aimed at increasing the facility's production capacity by 6 million tonnes per annum. The partnership, which marks 15 years of collaboration between the two companies, is expected to enhance the production of high-grade and specialized steel products, contributing to India's industrial growth. The Sambalpur facility's strategic location provides access to essential raw materials and robust transportation networks, ensuring cost competitiveness. JSW Steel currently operates with a consolidated crude steel capacity of 35.9 million tonnes per annum and aims to expand this to 43.9 million tonnes per annum over the next three years. The joint venture is part of a broader strategy by JSW Steel to invest over ₹2 trillion in Odisha across various sectors, including steel and renewable energy.