Thyssenkrupp Sells Indian Electrical Steel Business for €440 Million

The sale to an Indo-Japanese consortium aims to enhance Thyssenkrupp's financial position and support its green transformation strategy.

Thyssenkrupp's decision to sell its Indian electrical steel business is part of a strategic move to improve competitiveness.
The buyer is a consortium of JSW Steel Limited and JFE Steel, with the transaction expected to close in the coming months.
The sale was driven by high costs of supplying materials from Germany, which impacted long-term competitiveness in the Indian market.
Proceeds from the sale will strengthen the steel segment's capital and support investments in green technologies.
Following the announcement, Thyssenkrupp's stock saw a 9% increase, reflecting positive market reception.