In the steel manufacturing sector, JSW Steel and South Korea’s POSCO have announced plans to invest 650 billion rupees ($7.73 billion) in a new steel plant in Odisha. The facility is set to commence with an annual production capacity of 5 million metric tons, with intentions to scale up to 18 million metric tons over three years. This investment is poised to meet the rising steel demand driven by India’s rapid economic growth and infrastructure development.
JSW Steel and POSCO to Invest ₹650 Billion in Odisha Steel Plant to Boost India’s Infrastructure Growth
Date:
More like thisRelated
New STPI Hub in Kolkata to Boost AI, Blockchain, and Emerging Tech Startups
The Software Technology Parks of India (STPI), operating under...
A.P. Moller – Maersk to Invest $5 Billion in India’s Port and Infrastructure Development
Global shipping leader A.P. Moller – Maersk has announced...
Raj Shyama Construction Wins Rs 305.01 Crore Bid for Tourism Road in Uttarakhand
Raj Shyama Construction has been declared the lowest bidder...
JSW Energy Signs 1,600 MW PPA with WBSEDCL for Salboni Thermal Plant
JSW Energy has signed a Power Purchase Agreement (PPA)...
