Bhubaneswar

Posco asks for cost statement

PNS

The South Korean steel major Posco has requested the Industrial Infrastructure Corporation of Odisha (Idco) to give it a statement in support of expenditure claimed. Sources said the company has appealed to the Idco to give details of expenditure amounting Rs30 crore. It has also wanted to know about the means of spending of the money by the Idco. In its letter, the Idco had mentioned the money had been spent for demolition of beetle vines, setting up of base camps, construction of trenches and roads in the proposed plant site. The company has asked for receipts in support of expenditure too.