{"id":383310,"date":"2026-05-05T16:30:55","date_gmt":"2026-05-05T11:00:55","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=383310"},"modified":"2026-05-05T16:56:05","modified_gmt":"2026-05-05T11:26:05","slug":"posco-jsw-steel-joint-venture-sam-2026","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2026\/05\/05\/posco-jsw-steel-joint-venture-sam-2026\/","title":{"rendered":"Shardul Amarchand Mangaldas &amp; Co. Advised POSCO on its Joint Venture with JSW Steel"},"content":{"rendered":"<div style=\"text-align: justify; line-height: 150%;\">\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">May 5<span style=\"font-style: italic;\">th<\/span>, 2026| New Delhi:<\/span> Shardul Amarchand Mangaldas &amp; Co. (SAM) acted as legal counsel to POSCO Group (POSCO Co., Ltd. and POSCO-India Private Limited) on its proposed 50:50 joint venture with JSW Steel Limited (JSW Steel) for the establishment of a greenfield 6 million ton per annum integrated steel manufacturing plant in Odisha, India.<\/p>\n<p style=\"margin-bottom: 3%;\">The transaction involves POSCO Group subscribing to equity shares in Saffron Resources Private Limited (JV Entity), a wholly owned subsidiary of JSW Steel. Upon completion of the transaction, the JV Entity will operate as a 50:50 joint venture between POSCO Group and JSW Steel. The JV Entity will commission a greenfield integrated steel manufacturing plant in Odisha, India, with a capacity of 6 million ton per annum.<\/p>\n<p style=\"margin-bottom: 3%;\">Closing of the transaction is subject to satisfaction of certain conditions precedent set forth in the transaction documents executed between the parties.<\/p>\n<p style=\"margin-bottom: 3%;\">The Transaction Team was led by Shruti Kinra &#8212; Partner, Rohan Sharda &#8211; Partner, Mragank Shukla &#8212; Senior Associate and Arjun Yadav &#8212; Associate.<\/p>\n<p style=\"margin-bottom: 3%;\">The Competition Team was led by Rohan Arora &#8212; Partner, Supritha Prodaturi &#8212; Partner, Aisha Khan &#8212; Senior Associate and Saii Divkanwar Singh &#8212; Associate.<\/p>\n<p style=\"margin-bottom: 3%;\">Sanjiv Malhotra &#8212; Head of Tax Practice, Gouri Puri &#8211; Partner, Aayush Nagpal &#8211; Partner, Rahul Yadav &#8212; Partner, Rohit Garg &#8212; Partner, and Nimish Malpani &#8212; Principal Associate advised on tax related aspects of the transaction.<\/p>\n<p style=\"margin-bottom: 3%;\">Misha &#8212; Partner, Vaijayant Paliwal &#8212; Partner, Siddhant Kant &#8212; Partner, Mahima Sareen &#8212; Principal Associate advised on the insolvency and diligence related aspects of the transaction.<\/p>\n<p style=\"margin-bottom: 3%;\">Binsy Susan &#8212; Partner and Akshay Sharma &#8211; Partner advised on the enforcement and arbitration related aspects of the transaction.<\/p>\n<p style=\"margin-bottom: 3%;\">Radhika M Dudhat &#8212; Partner advised on the environmental law advisory and documentation related aspects of the transaction.<\/p>\n<p style=\"margin-bottom: 3%;\">Mrinal Kumar &#8211; Partner and Rohit Bajaj &#8211; Partner advised on the real estate and diligence related aspects of the transaction.<\/p>\n<p style=\"margin-bottom: 3%;\">Pallavi Shroff &#8212; Managing Partner provided overall strategic guidance on the matter; V R Neelakantan &#8212; Partner provided inputs on the transaction from projects &amp; finance standpoint; and Gopalkrishna Hegde &#8212; Consultant and Prashant Saran &#8212; Senior Consultant for provided inputs from a regulatory standpoint.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p style=\"font-style: italic;\">Shardul Amarchand Mangaldas &amp; Co. advised POSCO Group on its joint venture with JSW Steel Limited for a greenfield steel plant in Odisha.<\/p>\n","protected":false},"author":67011,"featured_media":383319,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45282,2],"tags":[103699,103697,103695,103696,103700,103698],"class_list":["post-383310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law-firms-news","category-news","tag-cross-border-jv-steel-sector-india-posco-jsw-deal","tag-posco-jsw-6-million-ton-steel-plant-odisha-jv-deal","tag-posco-jsw-steel-joint-venture-sam-odisha-steel-plant-2026","tag-sam-advises-posco-jsw-steel-greenfield-steel-project-india","tag-shardul-amarchand-infrastructure-steel-project-joint-venture","tag-steel-manufacturing-joint-venture-india-posco-jsw-sam"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SAM Advises POSCO on JSW Steel JV | SCC Times<\/title>\n<meta name=\"description\" content=\"Shardul Amarchand Mangaldas &amp; Co. advises POSCO on JV with JSW Steel in Odisha.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2026\/05\/05\/posco-jsw-steel-joint-venture-sam-2026\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shardul Amarchand Mangaldas &amp; Co. 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