| Posco to start construction work on April 1 |
| BS Reporter / Bhubaneswar October 19, 2007 |
| South Korean steel major Posco will start the construction of its 12 million tonne, Rs 51,000 crore mega steel plant near Paradip in Orissa on April 1, 2008. This was indicated by Ku-Taek Lee, chief executive officer of Posco, during his meeting with Orissa Chief Minister Naveen Patnaik in New Delhi today. Lee, who is in Delhi to attend the executive board meeting of Posco, called on Patnaik along with other board members and discussed various aspects of the project. He later told the media that the construction work of the project will commence on April 1, 2008, which happens to be the 40th anniversary of the Korean steel behemoth. He also allayed fears about the company shutting down its site office at Kujanga in Jagatsinghpur district. The fears stemmed from the company |
