JSW Group and POSCO plan to establish a greenfield steel plant in Odisha's Keonjhar district. The Odisha government has identified two land patches for the project. The plant will have an initial capacity of 5 million tonnes per annum. They will also explore collaborations in battery materials for Electric Vehicles and renewable energy. View More

Odisha Chief Minister Mohan Charan Majhi on Friday said that India's fastest growing conglomerate JSW Group and South Korean steel major POSCO will jointly set up a greenfield steel facility in his home district of Keonjhar. Majhi revealed this amid nationwide speculation over the exact location of the JSW-POSCO joint venture. "During our roadshows for the ensuing Make-in Odisha conclave in Delhi and Mumbai, I had discussed with both JSW and POSCO regarding the establishment of a steel plant in Odisha's mineral-rich Keonjhar district," Majhi, who is on a two-day visit to Keonjhar for celebrating Diwali, told reporters. "Meanwhile, they have signed an MoU. They will do it jointly. They have also mentioned doing it in Keonjhar district. It is under process and Odisha will get another steel plant," the chief minister said. The two steel makers on October 29 signed an MoU at JSW Group's corporate headquarters in Mumbai, in the presence of JSW Group Chairman Sajjan Jindal and POSCO Chairman Chang In-hwa. The partnership will focus on setting up an integrated steel plant in India with an initial capacity of 5 million tonnes per annum (MTPA). Data ScienceSQL for Data Science along with Data Analytics and Data VisualizationBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program FinanceFinancial Literacy i.e Lets Crack the Billionaire CodeBy - CA Rahul Gupta, CA with 10+ years of experience and Accounting EducatorView Program Office ProductivityMastering Microsoft Office: Word, Excel, PowerPoint, and 365By - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Artificial Intelligence(AI)Java Programming with ChatGPT: Learn using Generative AIBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Web DevelopmentJavaScript Essentials: Unlock AI-Driven Insights with ChatGPTBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Artificial Intelligence(AI)AI for Everyone: Understanding and Applying the Basics on Artificial IntelligenceBy - Ritesh Vajariya, Generative AI ExpertView Program MarketingModern Marketing Masterclass by Seth GodinBy - Seth Godin, Former dot com Business Executive and Best Selling AuthorView Program Web DevelopmentAdvanced Java Mastery: Object-Oriented Programming TechniquesBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program FinanceA2Z Of MoneyBy - elearnmarkets, Financial Education by StockEdgeView Program HRHuman Potential and the Future of EmploymentBy - Lynda Gratton, Prof. at London Business School, Speaker, Author, Global Thought LeaderView Program Artificial Intelligence(AI)Tabnine AI Masterclass: Optimize Your Coding EfficiencyBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Web DevelopmentAdvanced C++ Mastery: OOPs and Template TechniquesBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program MarketingDigital Marketing Masterclass by Neil PatelBy - Neil Patel, Co-Founder and Author at Neil Patel Digital Digital Marketing GuruView Program Data ScienceMySQL for Beginners: Learn Data Science and Analytics SkillsBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Web DevelopmentMaster RESTful APIs with Python and Django REST Framework: Web API DevelopmentBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Office ProductivityMastering Google Sheets: Unleash the Power of Excel and Advance AnalysisBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program StrategySuccession Planning MasterclassBy - Nigel Penny, Global Strategy Advisor: NSP Strategy Facilitation Ltd.View Program Web DevelopmentMastering Full Stack Development: From Frontend to Backend ExcellenceBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program MarketingPerformance Marketing for eCommerce BrandsBy - Zafer Mukeri, Founder- Inara MarketersView Program FinanceA2Z Of Finance: Finance Beginner CourseBy - elearnmarkets, Financial Education by StockEdgeView Program Artificial Intelligence(AI)Master in Python Language Quickly Using the ChatGPT Open AIBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program According to the MoU, both parties will also explore collaborations in the areas of battery materials related to Electric Vehicles (EVs), and renewable energy for meeting the captive requirements of the proposed integrated steel plant, a company statement said. Meanwhile, the Odisha government has identified two patches of land for the purpose in Keonjhar district. One patch of 2,500 acres of land is located near Odisha Tea Plantation Ltd (OTPL) in the Taramakant area under Banspal block, while the other one of 1,956 acres is at Patna, which was initially offered to steel major ArcelorMittal. This will be considered the second attempt by the South Korean steel major to set up a steel plant in Odisha. It had earlier scrapped its plan for a 12 million tonnes steel mill in Odisha's Paradip and surrendered the land allotted for the project due to protests and certain regulatory issues several years ago. Nominations for ET MSME Awards are now open. The last day to apply is November 30, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)