YW Yoon, CMD of Posco India, the local arm of South Korean steel major Posco, remarked that the firm was determined to move ahead and construct a world class steel facility for the benefit of all stakeholders in Odisha.
POSCO will do its best efforts to construct a state-of- the-art steel plant in Odisha, Yoon said, while awarding the POSCO Asia Fellowship on behalf of POSCO TJ Park Foundation at BPUT and KIIT.
His remark comes even as the company suffered
obstacles and delays in the last seven years for setting up a steel plant in Jagatsinghpur district.
In 2005, the firm entered into a memorandum of understanding (MoU) with Odisha government to set up a 12 mn tpa integrated steel plant in Jagatsinghpur.
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