DBT Bureau
Pune, 25 June 2026
POSCO has signed a Joint Venture Agreement (JVA) with JSW Steel, India’s leading steelmaker, to construct an integrated steel mill. Built on a strong partnership, this collaboration aims to tap into high-growth and high-value steel markets in India while further strengthening the global steel supply chain.
POSCO has officially commenced plans to build an integrated steel mill in India, a rapidly growing market with a population of approximately 1.46 billion people, through a Joint Venture Agreement (JVA) with JSW Steel. The joint venture will be established on an equal partnership basis, with both companies holding a 50% stake each.
The new blast furnace-based integrated steel mill will feature a comprehensive production system covering both upstream and downstream processes, including ironmaking, steelmaking, hot rolling, and cold rolling/galvanizing. The facility will be capable of producing high-value-added premium steel products.
With an annual crude steel production capacity of 6 million tonnes, the plant will be located in Odisha, India. The site has been selected due to its proximity to iron ore mines and access to efficient logistics, power supply, and supporting infrastructure.
Construction is expected to take approximately 48 months from groundbreaking, with commercial operations targeted to commence by 2031.
Source: POSCO Media Release
