 "Odisha pulls the plug on Posco project, hope brightens for rival JSW Steel")
India’s biggest FDI project, a mega steel plant worth $12 billion proposed by South Korean maker Posco in Odisha, has finally been consigned to history. Putting at rest every speculation and flip-flop by the steel giant, the state government has slammed the door on the project it once termed an ‘international commitment’.
The state government, through its land acquisition arm Odisha Industrial Infrastructure Corporation Ltd (Idco), has made it abundantly clear that the Posco chapter is closed. In a letter to Posco India dated April 27, Idco has cancelled allotment of 1,880 acres of forest and non-forest land handed
The state government, through its land acquisition arm Odisha Industrial Infrastructure Corporation Ltd (Idco), has made it abundantly clear that the Posco chapter is closed. In a letter to Posco India dated April 27, Idco has cancelled allotment of 1,880 acres of forest and non-forest land handed
