South Korean steel major Posco may again return to Odisha with a Rs 90,000-crore steel plant project.
This was known at a conference on ‘South Korea and Odisha: Promoting Bilateral Business Opportunities’ organised by the Indian Chamber of Commerce and the IPICOL here.
South Korean Ambassador to India Shin Bongkil said the company is planning to make one of the single-largest FDI in India with an investment of US $12 billion to set up an integrated steel plant in Odisha. In 2017, Posco had scrapped its project near Paradip for a 12-MTPA steel plant with an investment of Rs 52,000 crore.