 "steel plant, steel, steel factory")
Having tripped on land and captive mines last time, Posco will tread cautiously when it comes to setting up a greenfield steel plant in India.
Posco officials had visited Andhra Pradesh to explore the possibility of setting up an integrated steel plant but it was more of a recce. “The government wanted Posco to consider investing in a joint venture with RINL (Rashtriya Ispat Nigam) and we just went to check out. We have not decided on the specifics. Building a greenfield steel mill in India is not easy,” said G H Bang, managing director, Posco Maharashtra.
Exploratory talks with
