JSL signs memorandum of understanding with Posco
Jindal Stainless Ltd (JSL), part of the OP Jindal Group signs a wide ranging agreement with Korean Steel maker Posco for supplying stainless steel. Under the MoU, both the firms will look into establishing and exploration of nickle smelter in Indonesia along with opportunities in other countries as well. As part of the agreement, Posco and JSL will look to cooperate in the latter's Odisha project, where JSL has invested over Rs. 10,000 crore.
