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Rediff.com  » Business » POSCO denies reports of plans to shift steel project site
This article was first published 15 years ago

POSCO denies reports of plans to shift steel project site

Last updated on: December 27, 1999 

POSCO-India has no plans to shift the $12 billion steel project from Orissa, said company's Chairman Dong He Lee, on Wednesday. He said this at a meeting in Bhubaneswar with the Orissa chief minister Naveen Patnaik. Lee said the company would start the construction very soon. The project is India's largest foreign direct investment.

Source: ANI