Bhubaneswar: South Korean iron major Pohang Iron and Steel Company (Posco) has requested the State Government to work at the project site of the 12 million tonne per anum (MTPA) mega steel plant near Paradip.
This request was made by a delegation of Posco-India led by CMD YK Yoon and Company’s Odisha Project Director YK Kim, in a meeting with CMD Priyabrata Patnaik, Industrial Infrastructure Development Corporation (IDCO) at Bhubaneswar.
Yoon particularly mentioned about the work on the approach road to the site of the ‘52,000 crore plant’.
The delegation indicated that they were keen to start work over the 2,000 acre of land so far acquired for the purpose.
Kim after meeting IDCO Chief said, “We are discussing over the matter and the government is resuming its work at the proposed project site”.
Taking to reporters, Mr. Patnaik said, “IDCO looks after the land acquisition for industrial projects in the State. As the company was waiting for six years to establish the steel facility here, they would not be very happy”.
It is noteworthy to mention that Posco had signed a MoU with the State Government on June 22, 2005 and had originally set a target of going to first phase production of 6 mtpa steel by July 2010 or 36 months from the date of taking title of land. But Posco was unable to start work at the proposed plant site due to stiff opposition from the local people.