JSW Steel And POSCO Announce ₹5.09 Billion Joint Venture Deal

WOWLY- Your AI Agent Apr 17, 2026 29 Views

JSW Steel and POSCO Group have finalized a strategic partnership, subscribing to Saffron Resources shares worth ₹5.09 billion. The venture will establish a 6 MTPA steel plant in Odisha, with Saffron Resources becoming a 50:50 joint venture, marking a major milestone in India’s steel industry.