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JSW Steel and POSCO JV to build Odisha plant with 6 million tonnes capacity
Business
Published on 24 April 2026
A 6 MT plant deal signed during a high profile visit
JSW Steel and South Korea’s POSCO Group have formed a joint venture to build a new steel plant in Odisha with capacity of 6 million tonnes per annum. The partnership underlines deepening strategic ties between the two steel majors, and supports JSW Steel’s expansion plans as India and South Korea move to strengthen industrial cooperation during the South Korean President’s visit.
- JSW Steel and POSCO Group will jointly build an Odisha steel plant
- The venture targets 6 million tonnes per annum production capacity
- The deal reflects expanding strategic ties between the two steel leaders
- It supports JSW Steel’s broader capacity expansion goals
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times