Posco to start steel plant construction without displacement
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Posco to start steel plant construction without displacement
Tuesday, Nov 11, 2008
South Korean steel major Posco, which had sought 4,004 acres of land for setting up its 12-million tonne greenfield steel unit near Paradip, in Orissa, has decided to go ahead with construction without displacing anyone from its Rs52,000-crore steel plant site.
Uncertain of being given prospecting licence for Khandadhar iron ore mine, Posco said it would not wait long. “”We will start construction work at the plant site early next year with whatever land is available with us,”” Posco- India chairman and managing director Soung Sik Cho said. “”We are planning to start real construction over 493 acre at the plant site, preparatory work for which will start from next month,”” Cho said.
Source: Times of India