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JSW and POSCO: JSW Group partners with Korea’s POSCO Group to establish a 5 million tonne per annum steel plant in India, focusing on EV battery materials and renewable energy.
JSW and POSCO Sign MoU for India’s New Steel Project
In a landmark collaboration, India’s JSW Group and Korea’s POSCO Group signed an MoU to build an integrated steel plant in India with an initial capacity of 5 million tonnes per annum (MTPA). The MoU was signed at JSW’s corporate headquarters in Mumbai.
A Strategic Move Towards Renewable and Sustainable Growth
Beyond steel production, the partnership will extend into battery materials and renewable energy for the plant’s captive needs. This reflects a strong commitment to sustainability from both companies.
A Partnership to Boost India’s Steel Industry
With India’s rapid economic growth, this collaboration supports JSW’s goal of transforming the steel sector while advancing environmental efforts. “Our partnership with POSCO strengthens JSW’s commitment to sustainable transformation,” said Sajjan Jindal, JSW Chairman.