{"id":150865,"date":"2026-04-22T14:05:30","date_gmt":"2026-04-22T08:35:30","guid":{"rendered":"http:\/\/indusvalleytimes.com\/news\/?p=150865"},"modified":"2026-04-22T14:05:31","modified_gmt":"2026-04-22T08:35:31","slug":"jsw-steel-posco-jv-to-add-6-mtpa-capacity-in-odisha-strengthen-indias-steel-ambitions","status":"publish","type":"post","link":"https:\/\/indusvalleytimes.com\/news\/jsw-steel-posco-jv-to-add-6-mtpa-capacity-in-odisha-strengthen-indias-steel-ambitions\/","title":{"rendered":"JSW Steel, POSCO JV to add 6 MTPA capacity in Odisha, strengthen India\u2019s steel ambitions"},"content":{"rendered":"\n<p class=\"caps\"><strong>From a capacity standpoint, the addition of 6 MTPA\u2014while modest in isolation\u2014fits into a broader pipeline of expansions that are steadily pushing India towards its long-term target of 300 MTPA steel capacity by 2030.<\/strong><\/p>\n\n\n\n<p><strong>By A.K.Sahoo<\/strong><\/p>\n\n\n\n<p><strong>New Delhi\/Bhubaneswar, April 22:<\/strong> JSW Steel and POSCO have entered into a joint venture to set up a 6 million tonnes per annum (MTPA) integrated steel plant in Odisha, adding fresh capacity to India\u2019s expanding steel production base.<\/p>\n\n\n\n<p>The agreement, signed at the India-Korea Business Forum in New Delhi, was witnessed by Union commerce and industry minister Piyush Goyal and South Korea\u2019s industry minister Jung-Kwan Kim, along with senior executives from both companies.<\/p>\n\n\n\n<p>The greenfield project will include steelmaking, hot rolling, and cold rolling\/coating facilities, with land already secured at Paradip. The plant is expected to be commissioned by 2031, subject to regulatory clearances, and will manufacture high-grade flat steel for automotive and other value-added segments.<\/p>\n\n\n\n<p>The partnership builds on earlier agreements between the two companies and will combine POSCO\u2019s technological expertise with JSW Steel\u2019s project execution capabilities. Operational synergies are also expected through integration with POSCO\u2019s downstream facility in Pune.<\/p>\n\n\n\n<p>From a capacity standpoint, the addition of 6 MTPA\u2014while modest in isolation\u2014fits into a broader pipeline of expansions that are steadily pushing India towards its long-term target of 300 MTPA steel capacity by 2030. The project also reflects a strategic shift towards higher-grade steel production, aligning with evolving demand from the automotive and manufacturing sectors.<\/p>\n\n\n\n<p>Jayant Acharya, Joint Managing Director and CEO, JSW Steel, said the venture reinforces confidence in India\u2019s growth trajectory and will strengthen the domestic steel ecosystem. Lee Hee-geun, President, POSCO, said the collaboration would blend innovation with local competitiveness to create long-term value.<\/p>\n\n\n\n<p>The JV is expected to further consolidate Odisha\u2019s position as a key steel hub, even as India continues to attract global partnerships to scale up capacity and upgrade product quality.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From a capacity standpoint, the addition of 6 MTPA\u2014while modest in isolation\u2014fits into a broader pipeline of expansions that are steadily pushing India towards its long-term target of 300 MTPA<\/p>\n","protected":false},"author":1,"featured_media":150866,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[13,46],"tags":[4057,28368],"class_list":["post-150865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-top-stories","tag-jsw","tag-posco"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>JSW Steel, POSCO JV to add 6 MTPA capacity in Odisha, strengthen India\u2019s steel ambitions<\/title>\n<meta name=\"description\" content=\"JSW Steel, POSCO JV to add 6 MTPA capacity in Odisha, strengthen India\u2019s steel ambitionsJSW Steel, POSCO JV to add 6 MTPA capacity\" \/>\n<meta name=\"robots\" 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