Odisha Optimistic about POSCO Project

Bhubaneswar, Nov 28: The Odisha government is still "optimistic" about setting up of the proposed mega steel Posco project near Paradip at an investment of Rs 52,000 crore even as the South Korean steel major's project is delayed by about a decade.

"The Posco project work has not started. However, we are optimistic about implementation of the project," Steel and Mines Minister Prafulla Kumar Mallick told the Assembly on Friday.

Replying to a written question, the minister said the Odisha government has so far provided 2,752 acres of land to the state-owned Industrial Infrastructure Development Corporation Limited (IDCO) for the purpose of setting up Posco's 8 mtpa steel mill in the first phase.

IDCO has, meanwhile, handed over 1,880 acres of land to the steel company, he said.

Even as the company signed MoU with the state government for setting up a 12 mtpa capacity steel plant over 4,000 acre of land, it later decided to reduce land requirement to 2,800 acre and capacity to 8 mtpa, the minister said.

The state government, he said, has already renewed water agreement for the Posco plant in 2010. The mega steel unit required 3.5 cusec of water.

This apart, the minister informed that the company has already signed bilateral agreement with the state-owned Odisha Power Transmission Corporation Limited (OPTCL) for availing 24 MW of electricity during the construction phase.

Posco has also availed no-objection certificates (NOC) from the Ministry of Environment and Forest and State Pollution Control Board for the first phase of the project, Mallick said.

Meanwhile, the state government have made separate recommendations over notified and non-notified areas of iron ore reserve for prospecting licence (PL), the minister said.

"The state's recommendations of PL is under the consideration of the Centre," he said.


72% turnout in Bijepur bypoll

Bhubaneswar: An estimated 72% of voters on Saturday exercised their franchise in the by-election to the Bijepur Assembly seat in Odisha that pas...

Bijepur by-poll: Presiding Officer axed for influencing voters

Bhubaneswar: Presiding officer of booth no-193 has been placed under suspension as he was found trying to influence voters to vote in favour of a part...

Naveen meets Kovind, invites him to inaugurate Biju Patnaik museum in Cuttack

Bhubaneswar: Chief Minister Naveen Patnaik today met President Ramnath Kovind in New Delhi and invited him to inaugurate the museum and school at Anan...

72 per cent turnout in peaceful Bijepur bypoll till 5 PM

Bhubaneswar: Around 72 per cent of the voters exercised their franchise in the by-election to the Bijepur Assembly seat in Odisha till 5 pm today, an ...