JSW Steel Ltd

🤝 JSW Steel & POSCO Partner for Major 6 MTPA Steel Plant in Odisha

• JSW Steel and POSCO Group sign 50:50 joint venture for a 6 MTPA greenfield integrated steel plant in Odisha

• Plant includes steelmaking, hot rolling, and cold rolling/coating processes

• Targets production of high-grade flat steel products for automotive and other applications

• Expected to be operational by 2031

• Leverages POSCO's technological expertise and JSW's project execution strengths

• Builds on previous MoU (October 2024) and Heads of Agreement (July 2025)

• POSCO's existing 1.8 MTPA downstream unit in Pune will be integrated for synergies