
The Board of JSW Steel Ltd has approved a proposal to form a 50:50 Joint Venture (JV) with the South Korea-based POSCO Group to establish an integrated steel plant in Odisha. The proposed plant will have a production capacity of 6 Million Tonnes Per Annum (MTPA).
Saffron Resources Pvt Ltd, a wholly-owned subsidiary of JSW Steel, will transition into the JV entity through a share subscription and joint venture agreement.
