JSW-POSCO to Set Up Mega Steel Plant in Odisha worth INR 40,000 Crore

A mega steel plant, with an investment of around INR 40,000 crore, will be set up in Keonjhar district of Odisha. The plant will be jointly established by JSW and POSCO.

Mar 02, 2025

JSW POSCO

Odisha CM Mohan Charan Majhi announced that a mega steel plant with an investment of around INR 40,000 crore will be set up in the Keonjhar district of Odisha. The plant will be jointly established by JSW and South Korean steel giant, POSCO.

During the ‘Utkarsh Odisha-Make in Odisha Conclave,’ the JSW Group, led by Sajjan Jindal, signed an MoU with the Odisha government to establish a 5 million tonnes per annum (MTPA) steel plant in Keonjhar.The CM further revealed that the steel industries would be developed in various parts of the district, with a total investment exceeding INR 1 lakh crore.


Also Read: Vibhor Steel Limited Invests USD 14 Million for Trial Production at its Greenfield Plant in Odisha



The CM further revealed that the steel industries would be developed in various parts of the district, with a total investment exceeding INR 1 lakh crore.

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