Odisha's CM Engages with POSCO and JSW for Ambitious Steel Plant Project

Key Discussions on Steel Plant Development

Bhubaneswar: On Friday, Chief Minister Mohan Charan Majhi of Odisha engaged in talks with senior representatives from the South Korean steel giant POSCO and the Indian steel producer JSW Group regarding the establishment of a new 6 million tonnes per annum (MTPA) greenfield steel plant in the state.

This meeting was held in Mumbai, coinciding with CM Majhi's attendance at the India Chem 2026 conference.

Notable attendees included S L Chun, head of POSCO India, Jacy Kim, managing director of POSCO's Mumbai office, and Sajjan Jindal, chairman of JSW Group.

The discussions primarily revolved around enhancing industrial growth, attracting capital investments, and generating employment opportunities in Odisha, as stated by the Chief Minister's Office.

CM Majhi emphasized, "Odisha is an attractive location for industrialization and investment. Our administration is dedicated to offering investors the essential support, facilities, and a favorable environment. We aim to draw more investments into the state, create job opportunities for the youth, and boost economic growth."

A senior official remarked that the dialogue with POSCO and JSW represents a significant move towards unlocking the state's industrial capabilities and is anticipated to produce beneficial results.

Once operational, the proposed steel plant will specialize in producing high-quality flat steel products tailored for the automotive sector and other uses.

Additionally, CM Majhi met with officials from Larsen & Toubro (L&T) to explore further investment prospects in the region.

He toured an L&T facility to assess major projects and milestones achieved by the company.

S N Subrahmanyan, chairman and managing director of L&T, provided the chief minister with insights into the company's global operations and business strategies.