JSW Steel gains on signing joint venture agreement with POSCO to set up greenfield steel plant

JSW Steel Ltd. | Steel & Iron Products | Metals & Mining | BSE: 500228 | NSE: JSWSTEEL

21 Apr 2026 Evaluate

JSW Steel is currently trading at Rs. 1286.00, up by 11.15 points or 0.87% from its previous closing of Rs. 1274.85 on the BSE.

The scrip opened at Rs. 1284.00 and has touched a high and low of Rs. 1296.75 and Rs. 1273.70 respectively. So far 53405 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1,296.75 on 21-Apr-2026 and a 52 week low of Rs. 935.05 on 09-May-2025.

Last one week high and low of the scrip stood at Rs. 1296.75 and Rs. 1199.00 respectively. The current market cap of the company is Rs. 314546.52 crore.

The promoters holding in the company stood at 45.32%, while Institutions and Non-Institutions held 36.93% and 17.75% respectively.

JSW Steel and South Korea’s POSCO have signed a joint venture agreement for setting up a 6 mtpa greenfield steel plant in the state of Odisha. The agreement marks a significant step towards deepening strategic collaboration between two of the world’s most respected steel companies.

JSW and POSCO have steadily built their collaborative foundation through an MoU in October, 2024 and a Heads of Agreement in July, 2025, which has now been fortified with the signing of this joint venture agreement. The proposed integrated steel project of 6 mtpa will comprise steelmaking, hot rolling, and cold rolling/coating processes. The land for the project has already been secured. The project, once commissioned, will be capable of manufacturing high-grade flat steel products for automotive and other applications. Leveraging on POSCO’s technological expertise, the joint venture’s product portfolio will complement that of JSW and provide new product opportunities in India. The project gives POSCO access to India’s high growth market and will be operational by 2031. The joint venture aims to leverage the integration with POSCO’s 1.8mtpa downstream unit in Pune, Maharashtra, to drive significant synergies.

The joint venture will deepen strategic ties between the two companies, and set the stage for future collaborations. The completion of the transaction is subject to receipt of regulatory approvals.

JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.

JSW Steel Share Price

1269.35 5.05 (0.40%)

04-May-2026 11:49 View Price Chart

Peers

Company Name	CMP
Tata Steel	213.70
JSW Steel	1269.35
SAIL	185.90
Jindal Stainless	783.95
APL Apollo Tubes	1877.10
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