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JFE invests ₹15,750 cr in JSW joint venture for Bhushan Power

after close1 source ↓written by the desknot a recommendation

for a 50
₹15,750 cr
by 2030
10 million tonnes

Japan's JFE Steel Corporation and JSW Steel have formed a joint venture to operate Bhushan Power & Steel, investing ₹15,750 cr for a 50% stake. This investment aims to boost steel production capacity to 10 million tonnes by 2030. The move is significant for India's steel sector, enhancing growth prospects and operational efficiency.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 3 Dec 2025, 16:05 IST.

Sourcesnews.google.com

The market after the news

JSWSTEEL closed +0.6% on the day of the news, from ₹1,143.60 to ₹1,150.60; Nifty +0.2% over the same session; futures OI +1.4%.

Bulletin at 16:05 IST on 3 Dec 2025. Every change is measured from ₹1,143.60, the last close before it, on 3 Dec. Nifty 50 is measured over the same sessions.

  • JSWSTEEL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
JSWSTEEL closes around the bulletin against the close before the news, with Nifty 50 rebased to it104411441243axis spans 19%before the news · 3 Dec1144Nifty 50JSWSTEELbulletinD0+1+3+527 Nov9 Dec18 DecFutures open interest, lotspeak 74,000Reference close ₹1,143.60. 16 sessions from 27 Nov to 18 Dec; the price axis spans 19 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before3 Dec₹1,143.60basebase
On the day4 Dec₹1,150.60▲ +0.6%▲ +0.2%+0.4 pp difference
+1 session5 Dec₹1,162.20▲ +1.6%▲ +0.8%+0.9 pp difference
+3 sessions9 Dec₹1,107.80▼ −3.1%▼ −0.6%−2.6 pp difference
+5 sessions11 Dec₹1,105.40▼ −3.3%▼ −0.3%−3.0 pp difference
Gap at the open, % · ₹
▲ +1.4%+15.44 on 4 Dec
Day's range, % · ₹
1.9%≈ 22 high to low
Volume on the day
1.32×the 20-session average
Futures OI on the day
▲ +1.4%+990 lots · long build-up · price +0.6%
Futures OI open, lots
73,0004 Dec · 30 Dec expiry
Futures premium, ₹
+6.80+0.6% to spot
Puts per call, by OI
0.51from 0.52 the session before
Max pain
1,150from 1,150 the session before

Source NSE UDiFF bhavcopy · JSWSTEEL on the desk →

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