JSW Steel, South Korea’s POSCO Group be part of palms to arrange 6 MTPA metal plant in India

Homegrown JSW Steel and the POSCO Group of South Korea have joined palms to discover establishing a 6 million tonnes each year (MTPA) metal plant in India.

As a part of the subsequent steps, JSW and POSCO will undertake an in depth feasibility examine to finalise the plant’s location, funding phrases, useful resource availability, and different essential components.

In a press release on Monday (August 18, 2025), JSW Steel mentioned it has signed a non-binding Heads of Agreement (HoA) to collectively discover establishing a 6 million tonnes each year (MTPA) built-in metal plant in India.

Given its pure useful resource base and logistical benefits, Odisha is among the many key places being thought of.

“This HoA builds on the Memorandum of Understanding (MoU) signed by each events in October 2024 and descriptions the broad framework for the proposed 50:50 three way partnership,” the steelmaker mentioned.

The HoA was signed in Mumbai within the presence of Lee Ju-tae, consultant director and president, POSCO Holdings, and Jayant Acharya, joint managing director & CEO, JSW Steel.

“This partnership brings collectively JSW’s confirmed execution capabilities and powerful home footprint with POSCO’s technological management in steelmaking. The proposed enterprise aligns with India’s imaginative and prescient of Atmanirbhar Bharat and can assist create a globally aggressive manufacturing hub to serve each home and export markets,” JSW Steel’s Acharya mentioned.

The settlement marks a major step towards deepening strategic collaboration between JSW Steel and the POSCO Group of South Korea.

“India is central to the way forward for international metal demand. Our collaboration with JSW relies on mutual belief and a shared long-term imaginative and prescient. This initiative represents his firm’s dedication to supporting India’s industrial development whereas creating long-term worth for each organisations,” POSCO Holdings’ Lee Ju-tae mentioned.

JSW Steel is the flagship enterprise of the $23 billion JSW Group and India’s main built-in metal producer with a consolidated capability of 35.7 MTPA, together with 1.5 MTPA within the United States.

In 2022, POSCO Group, main industrial group in South Korea, had signed a pact with Adani Group to discover enterprise alternatives in sectors like metal, renewable power amongst others.