'2000 acres sufficient to start work for Posco plant'

The South Korean steel major wanted about 4,000 acre of land

PTI | October 27, 2011



After a lull for several days, Orissa government on Thursday said Posco-India could easily start its work over 2,000 acres so far acquired to set up its proposed mega steel plant near Paradip.

"The state government has so far acquired over 2000 acre of land for Posco steel plant. The company could easily start its work over the acquired land," chief secretary B K Patnaik told reporters.

Stating that the South Korean steel major wanted about 4,000 acre of land, the chief secretary pointed out that 2,000 acres was not a small patch.

"They (Posco-India) had proposed to set up 12 mtpa steel facility in three different modules. Now the acquired land can accomodate the steel plant," he said.

After holding about half of the required land, Patnaik said 2,000 acres was sufficient to start work.

However, the state government was not sitting idle, Patnaik claimed adding efforts were on to acquire land for construction of roads to the proposed plant site and other associated requrement like rehabilitation colony.

Rejecting allegation that slow land acquisition delayed implemenation of the country's biggest FDI (Rs 52,000 crore), Patnaik said the company got final forest clearance from the union government barely some months ago.

The state government acquired over 2,000 acres since May, 2011 after the project got final forest clearance from environment and forest ministry, an official said adding it is not proper to blame the state government for the delay.

Meanwhile, the officials argued that while Tata Steel could build its 6mtpa capacity steel plant over 2200 acres in Kalinga Nagar, why not Posco.
 

 

Comments

 

Other News

₹5,000 crore saved from suspected financial fraud

In a significant gain for citizen protection in the digital economy, the Department of Telecommunications (DoT) has helped prevent suspected cyber fraud losses of more than ₹5,000 crore through its Financial Fraud Risk Indicator (FRI) within fifteen months of its launch on May 22, 2025. This money did

Capital acquisition proposals worth Rs 1.10 lakh crore for defence forces cleared

The Defence Acquisition Council (DAC), under the chairmanship of Raksha Mantri Rajnath Singh, on Monday accorded Acceptance of Necessity (AoN), that is, in-principle administrative approval to various acquisition proposals of the defence forces at an estimated cost of about Rs 1,10,000 crore.

How Rafi, Raj Kapoor helped pave the way for a great uranium deal

There`s a certain moment in diplomacy that`s too personal to be captured in a communiqué, too small to make the front page, but more revealing than the front page. This week, prime minister Narendra Modi reached Tashkent and, amid the pomp of state visits, managed to evoke the old Bollywood tunes

Distinguishing Fish 1 and Fish 2: The pragmatism behind India’s WTO ratification

 India became the 123rd WTO member to ratify the multilateral Agreement on Fisheries subsidies (AoFS) when it deposited the Instrument of Acceptance for Phase 1 on July 20, 2026. The ratification is restricted to disciplining Illegal, Unreported and Unregulated fishing (IUU), protection for overfished

The 7% growth problem: Why the next 7% will be harder

India has become accustomed to hearing the 7% growth number. It is now less a milestone than an expectation. Yet the paradox is becoming clearer: maintaining 7% growth may be considerably harder than achieving it once. India’s real GDP grew 7.7% in FY2025–26, following growth of 6.5% in FY202

The Constitution cannot be altered: Justice Abhay Oka

Justice Abhay Oka, who retired from the Supreme Court in May 2025, has said that the Constitution of India cannot be altered. Explaining the landmark Kesavananda Bharati judgment (1973) on the basic structure of the Constitution, he said, “This is one judgment that has saved democracy in India.&rdq

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter