|
Posco
project
·
On August 8,
2008 Supreme
Court
permitted
South Korean
steel major
Posco to set
up Rs
51,000-crore
mega steel
plant and
captive
minor port
in Paradeep,
Orissa.
·
With this
order, the
apex court
has also
cleared
forest
diversion
proposal for
the plant
site which
require
1,253.225
hectares of
forest land.
·
The court
while
directing
the Orissa
government
to dispose
of all the
Posco's
applications
seeking
prospecting
licences
within four
weeks it
also asked
the state to
send its
recommendations
to the
ministry of
environment
and forests,
which would
proceed in
accordance
with law.
·
Posco, the
world's
third
largest
steel
producer,
on June 22,
2005 entered
into an MoU
with the
Orissa
Government
for a 12mtpa
steel plant
in the
state.
|
