JOURNAL ARTICLE

JSW Steel gets nod to enter into Joint Venture Agreement with POSCO Group.

  • Published In: Project Reporters, 2026. P. N.PAG 1 of 2

  • Database: Business Source Ultimate 2 of 2

Abstract

The article focuses on JSW Steel's approval to enter a Share Subscription and Joint Venture Agreement with POSCO Co and POSCO India (collectively, POSCO Group) to form a 50:50 joint venture through its subsidiary Saffron Resources. This joint venture aims to establish a greenfield 6 million tonnes per annum (MTPA) integrated steel plant in Odisha, utilizing 887 acres of land owned by Saffron. The partnership is intended to strengthen strategic ties between the two steel producers and facilitate access to technology for manufacturing high-grade steel products for automotive and other sectors. JSW Steel is a major Indian steel manufacturer with production units in Karnataka and Maharashtra. [Extracted from the article]

Additional Information

  • Source:Project Reporters. 2026/04, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2026
  • Accession Number:193124180
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