POSCO has evinced interest in forming a JV with SAIL for setting up a Rs
10,000-crore plant at Kulti, Bardhaman, about 200 km from Kolkata.
Land acquisition will not be an issue here, because the project will come up
on the land of Growth Works, a SAIL-owned plant that is in the red. POSCO is
likely to submit a DPR of the project to SAIL.
Meanwhile, the company has received MoEF clearance to acquire forest land for
the Orissa project.
Also See:
POSCO
inks deal with OPTCL to draw power (22-Jan-10)