Update on Joint Venture Agreement between JSW Steel Limited and POSCO Group

Update on Joint Venture Agreement between JSW Steel Limited and POSCO Group. Company would become a 50:50 Joint Venture between the Company and POSCO. of Directors of the Company has approved entering into a joint venture partnership, with POSCO Co.,.

A joint venture commits capital and management time to an asset the company only part-owns.

• Capital commitment and ownership split
• Whether it is consolidated or equity-accounted
• Sustainability targets include achieving no net-loss in biodiversity at the operating sites by 2030, substanti (management committed by FY30)
• JSW Steel aims to reduce its CO2 emissions by 42% from its steel-making operations by 2030 and has committed t (management committed by FY30)