Posco to set up steel plant in Orissa

By agencies   |   Wednesday, 16 February 2005, 08:00 Hrs
Printer Print Email Email
BHUBHANESHWAR: After several days of confusion and reports that POSCO might move to Brazil after announcing setting up plant in Orissa, the company today said it will set up a $ 10 billion steel plant in the state.

The world’s fourth largest steel company has chosen the port town of Paradeep for setting up a 12 million tonne capacity plant. A POSCO delegation headed by company president Chang Oh Kang is in the state and visited Paradip to inspect the likely site.

The delegation also surveyed the Dhenkia-Nuagan area on the seashore, adjacent to the site of an oil refinery being set up by the IndianOil Corporation (IOC) at Paradeep.

SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..