Bhubaneswar: Odisha government and Posco- India today agreed to set up an 8 mtpa greenfield steel plant near Paradip, downsizing the earlier plan of establishing a 12 mtpa facility. This was stated by Chief Minister Naveen Patnaik and Posco-India CMD Y W Yoon after a marathon 90-minute discussion over the future of the proposed mega steel project which had been hanging in balance for last seven years. "We will start the project work as soon as the state government hands over 2,700 acres of land for setting up of 8 mtpa steel plant," Yoon told reporters. The company had so far been given only 500 acres of land for the purpose though the government claimed to have acquired about 2,000 acres, he said.
Bhubaneswar: Odisha government and Posco- India today agreed to set up an 8 mtpa greenfield steel plant near Paradip, downsizing the earlier plan of establishing a 12 mtpa facility. This was stated by Chief Minister Naveen Patnaik and Posco-India CMD Y W Yoon after a marathon 90-minute discussion over the future of the proposed mega steel project which had been hanging in balance for last seven years. "We will start the project work as soon as the state government hands over 2,700 acres of land for setting up of 8 mtpa steel plant," Yoon told reporters. The company had so far been given only 500 acres of land for the purpose though the government claimed to have acquired about 2,000 acres, he said.
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