JSW Group and POSCO to Establish Greenfield Steel Plant in Keonjhar

05 Nov 2024 CW Team

Odisha Chief Minister Mohan Charan Majhi announced that JSW Group, in collaboration with South Korean steel giant POSCO, will set up a greenfield steel facility in his home district of Keonjhar. This development follows speculation regarding the location of the joint venture.

During his two-day visit to Keonjhar to celebrate Diwali, Majhi disclosed that discussions about the steel plant took place during roadshows for the upcoming Make-in-Odisha conclave held in Delhi and Mumbai. He confirmed that the two companies have signed a Memorandum of Understanding (MoU) to establish the plant, which will be situated in the mineral-rich Keonjhar district.

The MoU was signed on October 29 at JSW Group's corporate headquarters in Mumbai, with prominent figures such as JSW Group Chairman Sajjan Jindal and POSCO Chairman Chang In-hwa in attendance. The planned integrated steel plant will have an initial capacity of 5 million tonnes per annum (MTPA).

Additionally, the partnership will explore collaborations in battery materials for electric vehicles (EVs) and renewable energy to meet the captive needs of the proposed facility. The Odisha government has earmarked two land parcels in Keonjhar for this purpose: one spanning 2,500 acres near Odisha Tea Plantation Ltd in the Taramakant area under the Banspal block, and another 1,956-acre site in Patna, which was initially offered to steel major ArcelorMittal.

This venture marks a renewed effort by POSCO to establish a presence in Odisha after its earlier attempt to set up a 12 million tonnes steel mill in Paradip was abandoned due to protests and regulatory challenges.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..