Looking to increase its production capacity in the U.S., JSW Steel, the Mumbai, India-headquartered steelmaker, entered into an agreement with JSM International, Acero Junction Holdings Inc. and Acero Junction Inc. for acquisition of 100% shares of Acero Junction Holdings Inc., a Delaware corporation. The deal is subject to fulfillment of conditions precedent and other terms per the stock purchase agreement.
The move comes after the company’s U.S. unit signed a pact with Texas Governor Greg Abbot’s office to invest up to $500 million in Baytown steel mill as JSW Steel seeks to reduce its dependence on imports from India and Latin American nations.
The total enterprise value of the transaction is about $180.35 million, with equity value of $80.85 million and liabilities of $99.5 million, subject to closing adjustments.
Last updated: December 26th, 2025
