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      Question

      JSW Steel Board approved a proposal to form a 50:50

      joint venture with South Korea's POSCO Group. Where will the 6 MTPA integrated steel plant be set up?
      A West Bengal Correct Answer Incorrect Answer
      B Jharkhand Correct Answer Incorrect Answer
      C Odisha Correct Answer Incorrect Answer
      D Chhattisgarh Correct Answer Incorrect Answer
      E Karnataka Correct Answer Incorrect Answer

      Solution

      JSW Steel's Board approved forming a JV with POSCO Group to set up a 6 Million Tonnes Per Annum (MTPA) integrated steel plant in Odisha. POSCO Group will acquire equity shares of Saffron Resources Private Limited (a JSW Steel wholly-owned subsidiary) for a consideration value of nearly Rs. 508.8 crore. The transaction is expected to be completed by December 31, 2026.

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