JSW Steel, South Korea’s POSCO Enter Into JV Pact to Set up 6 MTPA Steel Plant in Odisha

JSW Steel, South Korea’s POSCO enter into JV pact to set up 6 MTPA steel plant in Odisha

The project gives POSCO access to India’s high-growth market and will be operational by 2031.

POSCO, JSW Steel Sign $7.3 Billion Deal To Build Steel Plant In India

As part of its aim to create a manufacturing hub in the South Asian nation and bolster its global supply chain, South Korea’s POSCO Group said that it has finalized a deal with India’s JSW Steel to jointly spend 10.7 trillion won ($7.3 billion) to develop a steel factory in India. According to POSCO Group, JSW Steel CEO Jayant Acharya and POSCO Group Chairman Chang In-hwa were present when the two businesses inked a joint venture agreement in In…

JSW Steel, South Korea's POSCO enter into JV pact to set up 6 MTPA steel plant in Odisha - OrissaPOST

New Delhi: Sajjan Jindal-led JSW Steel has entered into a joint venture agreement with South Korean steel major POSCO to set up a 6 million tonnes per annum steel plant in Odisha, a statement said Monday. The announcement was made at the India-Korea Business Forum in the national capital. India and Korea on Monday discussed revamping the existing free trade agreement, CEPA, to boost economic ties. In the statement, JSW Steel said that the land f…

POSCO, JSW Steel sign $7.3 billion deal to build steel plant in Odisha

Seoul: South Korea's POSCO Group said on Monday it has signed a final agreement with India's JSW Steel to jointly invest 10.7 trillion won ($7.3 billion) to build a steel plant in India, as part of its strategy to establish a production hub in the South Asian country and strengthen its global supply chain.  The two companies signed a joint venture agreement in India, attended by POSCO Group Chairman Chang In-hwa and JSW Steel Chief Executive Off…

JSW Steel South Korea’s POSCO enter into JV pact to set up 6 MTPA steel plant in Odisha

New Delhi, Apr 20 (PTI) Sajjan Jindal-led JSW Steel has entered into a joint venture agreement with South Korean steel