New Delhi, Aug. 18 -- JSW Steel share price surged as much as 2 per cent to Rs.1,067.60 apiece in Monday's trading session after the company signed an agreement with PASCO Group.

JSW Steel stock has remained in green despite volatility in Indian stock market. The stock has gained nearly 8.89 per cent in six months and over 16 per cent in one year.

On Monday, the company announced that it has signed a non-binding Heads of Agreement (HoA) with South Korea's PASCO Group to set up a 6 million tonnes per annum (MTPA) integrated steel plant in India.

"The agreement marks a significant step toward deepening strategic collaboration between two of the world's most respected steel companies," the company said in the filing.

This HoA builds on t...