POSCO, Adani Group ink MoU for integrated steel mill

Photo by Jeronimo NisaA view of the rolling mill with the coil box at Nucor Tuesday, March 20, 2012.

POSCO and the Adani Group is planning to set up a joint venture to set up anĀ  integrated steel mill at Mundra, Gujarat. POSCO will provide state-of-the-art technology and cutting-edge R&D capability, while Adani will bring investment and local expertise. Both the companies have signed an MoU in the month of December 2021.

The total project investment is likely to be in the range of USD 5 billion.

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