The proposed integrated steel plant is expected to have an initial production capacity of five million tonnes per annum (mtpa).

JSW Group and South Korea’s Posco Group will build an integrated steel factory in India with an initial capacity of 5 million tons a year.

India's JSW Steel said on Tuesday it has signed a preliminary agreement with South Korea's steel major POSCO to set up an integrated steel plant with an initial capacity of 5 million metric tons a year.

Posco and JSW Group plan to partner for a new steel plant in India with a five-million-tonne annual capacity. They will explore ventures in EV battery

POSCO Group is making another attempt to establish a steel plant in Odisha (formerly Orissa), India. South Korea’s leading steelmaker previously made four separate attempts to construct a steel plant in the city since 2005,

JSW Group (JSW) has signed a Memorandum of Understanding (MoU) with South Korea's POSCO Group for the development of a cutting-edge, integrated steel plant in India with an initial capacity of 5 million tonnes per annum (MTPA).

The two companies will first set up a 5 million tonnes per annum (MTPA) integrated steel unit with provisions for capacity expansion, JSW Steel said.