India's JSW Steel said on Tuesday it has signed a preliminary agreement with South Korea's steel major POSCO to set up an integrated steel plant with an initial capacity of 5 million metric tons a year.

JSW Group and South Korea’s Posco Group will build an integrated steel factory in India with an initial capacity of 5 million tons a year.

Moreover, the two groups will explore collaboration in battery materials related to electric vehicles (EVs) and renewable energy to meet the requirements of the proposed unit

Incidentally, the Jagatsinghpur site on which the proposed 5 MTPA steel unit is likely to be set up was the same site that POSCO had evacuated in 2017 after protests by locals. The site was soon awarded to JSW Steel.

Posco and JSW Group plan to partner for a new steel plant in India with a five-million-tonne annual capacity. They will explore ventures in EV battery

Mumbai/IBNS: JSW Steel has entered into a strategic partnership with South Korea’s POSCO to collaborate on steelmaking, electric vehicle (EV) batteries, and renewable energy initiatives.

( MENAFN - KNN India) New Delhi, Oct 29 (KNN) JSW Group and South Korea's POSCO Group have entered into a strategic partnership through a Memorandum of Understanding (MoU) signed on Tuesday, marking a significant collaboration in steel production, battery materials, and renewable energy sectors in India.

India’s JSW Group announced signing a memorandum of understanding (MoU) with South Korea’s Posco Group to establish an integrated steel plant in India.

JSW Group and South Korea's Posco Group have signed an agreement to establish a 5 million tonnes per year integrated steel plant in India. They will also explore collaborations in battery materials, electric vehicles,

JSW Group (JSW) has signed a Memorandum of Understanding (MoU) with South Korea's POSCO Group for the development of a cutting-edge, integrated steel plant in India with an initial capacity of 5 million tonnes per annum (MTPA).