Acquiring Company
JSW Steel
Acquired Company
Piombino Steel
MumbaiManufacturingEnergyRenewable EnergyMiningPrecious MetalsManufacturingMiningPrecious MetalsDescription
JSW Steel has completed the amalgamation of its subsidiary Piombino Steel Limited, effective October 31, 2026, with an appointed date of January 1, 2026. The scheme gives JSW Steel direct ownership of Bhushan Power and Steel Limited and is expected to reduce administrative and compliance costs. Piombino shareholders received 10 JSW Steel shares of Re. 1 face value for every 156 shares of Rs. 10 held.
Quick answer
JSW Steel is acquiring Piombino Steel, announced October 31, 2026. JSW Steel is based in Mumbai, Maharashtra, India.
- How much did JSW Steel pay for Piombino Steel?
- The deal value was not disclosed.
- What does JSW Steel do?
- JSW Steel is India’s leading manufacturer of value-added and high-end steels, with a legacy spanning over 35 years of innovation, sustainability, and technological excellence.
- Where are JSW Steel and Piombino Steel based?
- JSW Steel is based in Mumbai, Maharashtra, India.
- Who are the decision-makers at JSW Steel?
- Fundz holds 5 contacts at JSW Steel. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at JSW Steel, and when
When JSW Steel changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day JSW Steel raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at JSW Steel, from your own LinkedIn network
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Frequently asked
Who acquired Piombino Steel?
Piombino Steel was acquired by JSW Steel, based in Mumbai. The deal was reported on October 31, 2026. JSW Steel is India’s leading manufacturer of value-added and high-end steels, with a legacy spanning over 35 years of innovation, sustainability, and technological excellence. JSW Steel is privately held and operates in Manufacturing.
When did JSW Steel acquire Piombino Steel?
JSW Steel's acquisition of Piombino Steel was reported on October 31, 2026. JSW Steel has completed the amalgamation of its subsidiary Piombino Steel Limited, effective October 31, 2026, with an appointed date of January 1, 2026. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Piombino Steel do?
Piombino Steel operates in the trading and dealing of steel and allied products, iron ore, coal, coke, minerals and metal scrap. The company is involved in various aspects of the steel industry and aims to provide comprehensive solutions to its customers. It is privately held, operating in Manufacturing.
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