POSCO and the Adani Group is planning to set up a joint venture to set up an 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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