Schedule a Call Back
JSW Group and POSCO to Establish Greenfield Steel Plant in Keonjhar

During his two-day visit to Keonjhar to celebrate Diwali, Majhi disclosed that discussions about the steel plant took place during roadshows for the upcoming Make-in-Odisha conclave held in Delhi and Mumbai. He confirmed that the two companies have signed a Memorandum of Understanding (MoU) to establish the plant, which will be situated in the mineral-rich Keonjhar district.
The MoU was signed on October 29 at JSW Group's corporate headquarters in Mumbai, with prominent figures such as JSW Group Chairman Sajjan Jindal and POSCO Chairman Chang In-hwa in attendance. The planned integrated steel plant will have an initial capacity of 5 million tonnes per annum (MTPA).
Additionally, the partnership will explore collaborations in battery materials for electric vehicles (EVs) and renewable energy to meet the captive needs of the proposed facility. The Odisha government has earmarked two land parcels in Keonjhar for this purpose: one spanning 2,500 acres near Odisha Tea Plantation Ltd in the Taramakant area under the Banspal block, and another 1,956-acre site in Patna, which was initially offered to steel major ArcelorMittal.
This venture marks a renewed effort by POSCO to establish a presence in Odisha after its earlier attempt to set up a 12 million tonnes steel mill in Paradip was abandoned due to protests and regulatory challenges.


Subscribe Now
Subscribe to our Newsletter & Stay updated
RECENT POSTS
Popular Tags
Folliow us
Related Stories
India is not an emerging market for Trimble – it’s an existing one
Trimble is transforming the way people move, build and live. With core technologies in positioning, modelling and data analytics, it connects the...
Lift It Right
Material handling plays a critical role in tall building construction, helping to adhere to timelines and enabling safe, efficient operations. Wh...
Infrastructure Opportunity Outlook by IMPACCT.Info
India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to ...