JSW Steel and POSCO plan joint venture for 6 MTPA steel plant in Odisha
The companies will now conduct a detailed study to assess the location, investment structure, raw material requirements and regulatory approvals before taking a final investment decision. Industry analysts say the project could strengthen India's steel manufacturing capacity and support its ambitions of becoming a global hub for industrial production. It also signals POSCO's renewed interest in India after past plans were delayed due to land acquisition challenges.
If completed, the project would represent one of the most significant Indo-Korean industrial collaborations and add momentum to India's goal of ramping up domestic steel output while also expanding its export potential.
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