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Idco asks Posco to deposit Rs 54 cr towards forest land

The Industrial Infrastructure Development Corporation of Odisha (Idco), the land acquisition agency for the Posco's mega steel plant near Paradip in Odisha, has asked the chairman cum managing director of Posco-India to deposit Rs 54.21 crore towards the cost of the forest land required for the first phase of the project. Out of 2,750 acres required for the project's first phase comprising 8 million tonne steel capacity, 2,193 acres are forest land and 558 acres are revenue land. Despite stiff resistance in Dhinkia panchayat, the epicentre of anti-Posco agitation, the ...