Posco urges state to expedite work at plant site

Bhubaneswar: Posco-India on Tuesday requested the Odisha government to expedite work at the project site of the 12 mtpa mega steel plant near Paradip.

The requested was made by a delegation of Posco-India led by Posco-India CMD Y K Yoon and company`s Odisha project director Y K Kim when they met Industrial Infrastructure Development Corporation (IDCO) CMD Priyabrat Patnaik.

Yoon particularly mentioned about the work on the approach road to the site of the  Rs 52,000 crore plant. The delegation indicated they were keen to start work over the 2,000 acre of land so far acquired for the purpose.

"We are discussing over the matter and the government is resuming its work at the proposed project site," Kim said after meeting the IDCO chief.

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," Patnaik told reporters after meeting the delegation.

Posco-India signed an MoU with the state government on June 22, 2005 but was unable to start work at the proposed plant site due to stiff opposition from the local people.

The company 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.