Comments
South Korean steel maker Posco is likely to start work on its much-delayed steel unit in Odisha within a year as the state has transferred a significant chunk of land required for the mega project to the firm, a senior government official said today.
“I think, they (Posco) should start (work on the unit) in a year or so,” U P Singh, Joint Secretary in Steel Ministry, told reporters on the sidelines of ‘India Steel-2013’ summit organised by industry body FICCI here.
The Odisha government has already transferred around 1,700 acres to the company out of the 2,700 acres required for the plant in Jagatsinghpur district, he said.
The Korean major, which is not able to set up the unit for the past seven years due to land acquisition issues and agitation by the locals, has revised its land requirement to 2,700 acres from the earlier 4,000 acres.
It has also scaled down its production plan to 8 million tonnes in the first phase from 12 million tonne earlier.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.