trending Market Intelligence /marketintelligence/en/news-insights/trending/6yTo4F7prEWDXUuVeAXrxA2 content esgSubNav
In This List

POSCO: No Odisha plant by July 2017


Essential IR Insights Newsletter - April 2023


Masters of Risk | Episode 2: A Discussion with Ilya Khaykin


According to Market Intelligence, April 2023


Discover the Power of S&P Capital IQ Pro

POSCO: No Odisha plant by July 2017

South Koreansteelmaker POSCO willnot be able to set up a US$12 billion steel plant in Odisha by July 2017 asconstruction is yet to begin, Reuters wrote April 8.

POSCO's lawyer told Reutersafter a hearing in the National Green Tribunal that the company has not beenable to obtain forest and other clearances, while its environmental clearanceis valid until July 2017 only.

Regulatory hurdles have pushed back the project,billed as India's biggest foreign direct investment, for more than a decade.