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Current Affairs related to POSCO

1 News
24 April 2026 BUSINESS

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.

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