No plans to shelve Odisha project: Posco-India CMD

Posco-India today said it has no plans to withdraw from the proposed mega steel plant project worth Rs 52,000 crore near Paradip in Odisha, which has seen a little progress during a span of over nine years.
"No... Never.. There is no such plan," Posco-India chairman-cum-managing director Gee Woong Sung told reporters here after meeting Chief Secretary G C Pati.
Even as Posco-India and the state government termed the meeting as a "courtesy call" between the new Chief Secretary and the new CMD, the talks between Sung and Pati was held in the backdrop of the Centre recently seeking more clarifications from the state government on the Khandadhar iron mines in Sundargarh district.

"The meeting with the Chief Secretary was positive and meaningful," Sung said before holding talks with the industries secretary.
Asked whether the South Korean steel major had any plans to shelve the project in Odisha in view of little progress during a span of over nine years, Sung clarified they have been waiting for implementation of the Rs 52,000 crore project.