POSCO India Private Limited is a subsidiary of POSCO, the world's fourth largest steel producer and one of the most competitive steel companies. POSCO signed a Memorandum of Understanding (MoU) with the Government of Odisha in June 2005, to set up a 12 MTPA green field steel plant near Paradip, Jagatsinghpur District, Odisha, with an estimated investment of USD 12 billion. POSCO-India Pvt. Ltd. was incorporated on 25th August 2005.
POSCO, the parent company operates two of the world's premier steelworks at Pohang and Gwangyang, having a combined production capacity of 33 million tons per annum (MTPA). POSCO's products are shipped to over 60 countries around the globe, satisfying some of the world's most quality-sensitive customers.
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