Posco gets clearance to build $12 bn steel plant in Orissa
January 1st, 2010 - 1:30 pm ICT by IANSBhubaneswar, Jan 1 (IANS) South Korean steel major Posco has got final clearance from the ministry of environment and forests for acquiring forest land in Orissa for its $12 billion steel plant project, a company official said Friday.
“We have received final forest clearance from the ministry,” Posco-India General Manager (External Relation) Simanta Mohanty told IANS.
He said the ministry gave the clearance Wednesday.
Posco, one of the world’s biggest steel makers, signed a deal with the state government in June 2005 to set up the steel plant near the port town of Paradeep in the coastal district of Jagatsinghpur, some 100 km from here, by 2016.
The steel maker acquired about 4,004 acres of land for its project, of which 2,900 acres was forest land. Mohanty said the company has already deposited Rs.105 crore with the state government towards compensatory afforestation.
Thanking the central and the state government for extending consistent support to the project, he said the company is committed to creating a green belt of two million trees in the project area.
“We are ready to commence work any time after land is handed over to us,” he said.
The Posco project in Orissa has already had a delay of more than two years due to protests by local residents.
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- Villagers intensify protest against POSCO - Apr 01, 2010
- Villagers protest Orissa plan to renew POSCO pact (Lead) - Jun 22, 2010
- Posco's $12 bn Orissa project gets conditional nod (Second Lead) - Jan 31, 2011
- Conditional nod to Posco project in Orissa (Lead) - Jan 31, 2011
- Jairam seeks peaceful land acquisition for Posco - Jun 12, 2011
- Four Posco officials held hostage by villagers - Jan 14, 2010
- Four Posco officials held hostage by villagers released (Lead) - Jan 14, 2010
- Land acquisition for Posco to resume despite protest - May 08, 2011
- Orissa hopes to win local support for Posco project - Jan 15, 2010
- Rains halt Posco land acquisition - Jun 17, 2011
- Environmental panel seeks more information on POSCO - Nov 30, 2010
- Anti-Posco agitators held, released - Jun 03, 2011
- Survey work for POSCO starts amid protest - May 25, 2010
- Anti-Posco group slams Ramesh - Jun 12, 2011
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