JSW Steel, POSCO to invest $7.7 billion in Odisha steel plant, sources say

JSW Steel and POSCO have announced a $7.73 billion investment plan to build a steel plant in Odisha, India. The plant will initially produce 5 million metric tons of steel annually, eventually increasing to 18 million metric tons. This move aims to capitalize on India's booming steel demand driven by rapid economic growth and infrastructure development.