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The shares of JSW Steel rose more than 1 percent on December 5, extending gains for the second consecutive session as brokerage issued bullish notes for the stock. This comes after the company announced a joint venture with Japan's JFE Steel.
The shares have now risen over 2 percent in two days, after falling 1.5 percent on the day the JV was announced (December 3).
JFE Steel on December 3 had announced that it will form 50:50 joint venture with JSW Steel for transfer of Bhushan Power & Steel integrated steel facility. JFE will invest Rs 15,750 crore (270 billion yen) in JV for transfer of BPSL integrated steel facility.
JSW had acquired Bhushan Power

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