JSW Steel & South Korea's POSCO signed a 50:50 joint venture agreement on April 20, 2026, to build a six million metric ton per annum integrated steel plant in Odisha, India. The greenfield facility will produce high-grade flat steel for automotive & industrial use, targeting operations by 2031. The deal integrates with POSCO's existing downstream unit in Pune, creating a powerful end-to-end steel value chain. Regulatory approvals, including Competition Commission of India clearance, are pending.