JSW Steel, POSCO plan 50:50 joint venture for 6 MTPA steel plant
JSW Steel signed a Heads of Agreement with South Korea's POSCO for a proposed 50:50 joint venture to build a 6 MTPA integrated steel plant in India. A feasibility study will decide site and investment, with Odisha being a frontrunner. The move strengthens India's steel capacity as safeguard duties shield domestic players from cheap Chinese imports.