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POSCO to establish steel plant

BHUBANESWAR: The South Korean steel major, Pohang Steel Company, might zero down on Paradip Port on the Orissa coast to establish their proposed mega Rs. 40,000 crore steel project, official sources said. The company, which has been eyeing Orissa to set up a 12 million tonne steel complex, had Dhamra and Duburi as possible alternatives, but the port city could edge out the other two locations, the sources said. — PTI

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