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JSW-POSCO steel plant in Keonjhar receives land approval

pre-market1 source ↓written by the desknot a recommendation

by JSW Steel
6 MTPA greenfield steel plant
allocated
99 acres
investment is expected
₹35,000 cr
directly and indirectly
8,000 jobs

The proposed 6 MTPA greenfield steel plant by JSW Steel Limited and POSCO has received land approval in Keonjhar, with 99 acres allocated for the project. This ₹35,000 cr investment is expected to create 8,000 jobs directly and indirectly. The project marks a significant development for the region's industrial landscape.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 8 Dec 2025, 07:02 IST.

Sourcesnews.google.com

The market after the news

JSWSTEEL closed −3.7% on the day of the news, from ₹1,162.20 to ₹1,119.10; Nifty −0.9% over the same session; futures OI −1.5%.

Bulletin at 07:02 IST on 8 Dec 2025. Every change is measured from ₹1,162.20, the last close before it, on 5 Dec. Nifty 50 is measured over the same sessions.

  • JSWSTEEL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
JSWSTEEL closes around the bulletin against the close before the news, with Nifty 50 rebased to it106111621263axis spans 19%before the news · 5 Dec1162Nifty 50JSWSTEELbulletinD0+1+3+51 Dec11 Dec22 DecFutures open interest, lotspeak 75,000Reference close ₹1,162.20. 16 sessions from 1 Dec to 22 Dec; the price axis spans 19 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before5 Dec₹1,162.20basebase
On the day8 Dec₹1,119.10▼ −3.7%▼ −0.9%−2.9 pp difference
+1 session9 Dec₹1,107.80▼ −4.7%▼ −1.3%−3.4 pp difference
+3 sessions11 Dec₹1,105.40▼ −4.9%▼ −1.1%−3.8 pp difference
+5 sessions15 Dec₹1,114.80▼ −4.1%▼ −0.6%−3.5 pp difference
Gap at the open, % · ₹
▲ +0.2%+2.67 on 8 Dec
Day's range, % · ₹
4.6%≈ 53 high to low
Volume on the day
0.93×the 20-session average
Futures OI on the day
▼ −1.5%−1,100 lots · long unwinding · price −3.7%
Futures OI open, lots
72,0008 Dec · 30 Dec expiry
Futures premium, ₹
+3.30+0.3% to spot
Puts per call, by OI
0.52from 0.53 the session before
Max pain
1,150from 1,150 the session before

Source NSE UDiFF bhavcopy · JSWSTEEL on the desk →

Thread · JSWSTEELAll JSWSTEEL bulletins →

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