Japan-bases JFE Corporation also holds a 15 per cent share in JSW Steel. : Unlock Your Trading Potential: Trade like Experts with SEBI registered creators, Learn from Courses & Webinars by India's Finest Finance Experts. JSW Steel on Tuesday announced plans to set up a grain oriented electrical steel manufacturing facility through a joint venture with JFE Steel Corporation at an estimated investment of Rs 5,500 crore. A groundbreaking ceremony marking the initiation of this partnership was held on February 12, JSW Steel said in a statement.