◆POSCO to complete phase-1 of 8 mt steel project by 2018
【Bhubaneswar】The first phase of Posco India's much-delayed $12-billion steel project at Paradip in Orissa, in which capacity for 4 million tonnes will be commissioned, would be completed by 2018, according to a Posco statement.
Meanwhile, state steel and mines minister Rajani Kanta Singh said a fresh tripartite agreement would be signed between Posco India, its parent company Posco and the state government. The MoU for the $12-billion greenfield project, signed on June 22, 2005, had expired on June 21, 2010.
【News source】