Odisha govt to sign fresh agreement with Posco

January 11, 2014 22:28

Optimistic about the progress of Posco's Rs 52,000 crore steel project, the Odisha government today said it would sign a fresh tripartite agreement with the South Korean steel major as the validity of the original MoU lapsed three years ago.

"The state government will sign a fresh agreement with Posco and Posco-India for setting up the proposed mega steel mill near Paradip," Steel and Mines Minister R K Singh said while describing the Centre's environmental clearance as a positive sign for the country's biggest FDI project

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