Market Performance
JSW Steel share price climbed 2% to ₹1,067.60 in Monday’s trading session after the company announced a new partnership with South Korea’s POSCO Group.
Despite volatility in the broader Indian stock market, JSW Steel share has delivered strong returns:
8.89% gain in the past six months
16% gain over the last one year
Agreement with POSCO Group
JSW Steel informed that it has signed a non-binding Heads of Agreement (HoA) with POSCO to establish a 6 million tonnes per annum (MTPA) integrated steel plant in India.
The agreement was signed in Mumbai.
It builds upon the Memorandum of Understanding (MoU) signed in October 2024.
The proposed structure outlines a 50:50 joint venture between JSW Steel and POSCO.
The signing ceremony was attended by Lee Ju-tae, President of POSCO Holdings, and Jayant Acharya, Joint MD & CEO of JSW Steel.
Company Details
The collaboration is aimed at strengthening India’s steel manufacturing capacity and boosting self-reliance under the Atmanirbhar Bharat initiative.
Key highlights of the proposed joint venture:
JSW Steel brings execution capabilities and a strong domestic presence.
POSCO adds technological expertise in advanced steelmaking.
The venture is expected to cater to both domestic and export markets.
As part of the next steps, both companies will conduct a detailed feasibility study covering:
Plant location
Investment structure
Resource availability
Operational framework
Summary
The JSW Steel share price gained momentum after the company announced a strategic agreement with POSCO to set up a 6 MTPA steel plant in India. With steady stock performance over the past year and growing collaboration in steelmaking technology, the development marks a significant move in strengthening India’s steel sector.
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