Govt for SAIL-Posco deal by May-end

SAIL and South Korea’s Posco may seal a deal by the end of next month to set up an estimated Rs 15,000-crore steel plant in Jharkhand, with the government offering all support to expedite the project. “This is my desire that a deal between SAIL and Posco is finalised before SAIL Chairman S K Roongta retires on May 31,” Steel Secretary Atul Chaturvedi said, adding “we are ready to offer whatever support SAIL seeks for the purpose”. Chaturvedi was scheduled to lead a delegation to South Korea last week, but the trip was later cancelled. “If it does not happen during the tenure of the present chairman, there is a likelihood it could get delayed, as a new person would take charge of SAIL,” he added.