Archive · 19 Aug 2025
JSW Steel and POSCO to Develop 6 MTPA Steel Plant in India
JSW Steel from India and South Korea's POSCO are teaming up to build a big steel factory in India.
They've signed a preliminary agreement after a previous one last year.
The factory could make 6 million tons of steel each year.
They will study where to build it, how much it will cost, and where they'll get the materials.
If everything works out, the factory will be a partnership between the two companies, combining JSW's experience and POSCO's steel-making know-how.
They are considering Odisha as a possible place to build the factory.
JSW Steel and POSCO signed a heads of agreement to build a 6 MTPA steel plant in India.
The plant will likely be located in Odisha, but the location is still under study.
The agreement follows an MoU signed in October 2024.
The project is a 50:50 joint venture if finalized.
A detailed feasibility study will determine the plant's specifics.
- Who
- JSW Steel and POSCO Group
- What
- JSW Steel and POSCO are exploring setting up a 6 MTPA integrated steel plant.
- When
- The non-binding Heads of Agreement (HoA) was recently signed.
- Where
- India, with Odisha as a key location being considered.
- Why
- To create a globally competitive manufacturing hub and support India's industrial growth.
- Companies Involved
- JSW Steel, POSCO Group
- Plant Capacity
- 6 MTPA
- Location (Considered)
- Odisha, India
- Agreement Type
- Non-binding Heads of Agreement (HoA)
- Joint Venture
- 50:50
- Agreement Date
- August 18, 2025
Sources
JSW Steel, South Korea's POSCO Group join hands to set up 6 MTPA steel plant in India
Homegrown JSW Steel & POSCO Group Of South Korea Join Hands To Set Up 6 Million Tonnes Per Annum Steel Plant In India
JSW Steel share price jumps 2% on agreement with POSCO group. Details here
POSCO, JSW Steel plan $8-9 bn Odisha plant in high-stakes joint venture
POSCO and JSW to jointly explore building a 6 MTPA integrated steel plant in India
