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Steel major POSCO offers to return land to Odisha government: Minister

The steel major had also not taken any step to renew its MoU with the state government

Press Trust of India  |  Bhubaneswar 

Posco-India has requested the Odisha government to take back its 2,700 acres of land provided to it near Paradip for setting up a 12 mtpa steel plant at an investment of Rs 52,000 crore. "We have received a letter from Posco-India in this regard. The steel major has offered to return the land near Paradip in its possession," state Industries Minister Debi Prasad Mishra told PTI. When asked whether Posco-India offered to return the land on its won, Mishra said: "No, the state government had requested the company to pay pending dues of about Rs 82 crore towards forest ...

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