JSW Steel and POSCO to Consider Establishing Steel Manufacturing Facility in India
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 18 2025
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Should l Buy ?
Source: Reuters
New Partnership: JSW Steel and South Korea's POSCO have entered into a deal to explore the establishment of an integrated steel plant in India.
Location Considerations: The companies are considering Odisha as a potential site for the proposed plant, which is expected to have a capacity of 6 million tonnes per annum (MTPA).
Previous Collaboration: Last year, JSW Steel and POSCO agreed to set up another integrated steel plant in Odisha with an initial capacity of 5 MTPA, planning to invest approximately 650 billion rupees ($7.44 billion).
Future Ventures: In addition to steel production, JSW Steel is looking to collaborate with POSCO on battery materials for electric vehicles and renewable energy initiatives.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
