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

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NEW DELHI : India's JSW Steel and South Korea's POSCO plan to invest 650 billion rupees ($7.73 billion) in their proposed plant in India in the coming years, sources said, part of efforts to capitalise on rising steel demand in the world's fastest-growing major economy.

India's JSW Steel, POSCO to invest $7.

India's steel demand touched a seven-year high in the April to August period.

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Category: EconomyBusiness

Markets: SingaporeIndiaSouth Korea

Topics: Posco Invest Sources India Years Plant Steel Demand Billion Companies

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 18:49:38 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 470 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23429247

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