Reach us: 7304553123 / mktg@projectstoday.com
Help
1. Boolean Searches :

i. AND - Shows results where both terms on either side of the 'AND' operator are present. 'AND' must be in upper case. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present.

ii. OR - Shows results where either term (or both terms) is present. 'OR' must be in upper case. For example search term - delhi OR metro result - It will return records in which either 'delhi' or 'metro' or both are present

2. Proximity Searches

A proximity search looks for terms that are within a specific distance from one another. For example, search term - 'delhi metro'~10 result - It will search for records where 'delhi' and 'metro' are found within 10 words of each other

3. Phrase searches

You can search phrases using double quotes. for e.g. 'delhi metro' result - It will return records where 'delhi metro' phrase is found.

Posco looks to set up greenfield unit in India

Friday, 21 Aug 2020
Share this on :
South Korean steel major Posco is taking a fresh look at setting up a greenfield steel plant in India. A joint working group (JWG) will be formed to implement investment on land owned by Rashtriya Ispat Nigam (RINL) at Vishakhapatnam in Andhra Pradesh.

The working group will have representatives from Posco and RINL. Specifics like investment, raw material linkages will be evaluated by the working group after studying the market.

Posco signed a memorandum of understanding (MoU) in 2005 to set up a 12 million tonne plant in Jagatsinghpur district near Paradip port. But till 2013, the state government managed to acquire only 2,700 acre and transferred 1,700 acre. The original requirement for land was 4,004 acre.

A draft policy of the Centre on promotion of greenfield investments in 2019 stated that the current planned capacity expansion of the existing players was expected to add 28-30 million tonne by 2024-25.

However, to meet the demand growing at 5.6 percent, an additional capacity of 25-30 million tonne will be required which would require setting up greenfield steel plants.

New Password
Confirm Password