Mumbai, Aug. 18 -- The agreement signifies a major step toward strengthening strategic ties between the two leading global steelmakers. This HoA builds on the Memorandum of Understanding (MoU) signed by both parties in October 2024 and outlines the broad framework for the proposed 50:50 joint venture.

As part of the next steps, JSW and POSCO will undertake a detailed feasibility study to finalize the plant's location, investment terms, resource availability, and other critical factors. Given its natural resource base and logistical advantages, Odisha is among the key locations being considered.

Jayant Acharya, Joint Managing Director & CEO, JSW Steel, said, "This partnership brings together JSW's proven execution capabilities and strong...