JSW Steel and POSCO to Invest ₹650 Billion in Odisha Steel Plant to Boost India’s Infrastructure Growth

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.