...
...
Next Story

Rains halt Posco land acquisition

The land acquisition for the $12 billion Posco project which was scheduled to resume today in Orissa was postponed for at least a day due to incessant rains, an official said.

Updated on: Jun 17, 2011 10:06 AM IST
IANS | By , Bhubaneswar
Prefer HTon Google
Advertisement

The land acquisition for the $12 billion Posco project which was scheduled to resume on Friday in Orissa was postponed for at least a day due to incessant rains, an official said.

HT Image
HT Image

The land acquisition for South Korean steel major's project in coastal Jagatsinghpur district was earlier stopped for four days due to a local festival.

"We were preparing to resume the land acquisition today (Friday), but had to cancel it due to rains," additional district magistrate SK Chaudhuri said.

"If the weather remains conducive, we will start the process again from tomorrow (Saturday)," he said.

Posco has planned to built a 12 million tonne steel plant - the largest foreign investment in India - near the port town of Paradip, about 120 km from Bhubaneswar.

The company requires about 4,004 acres of land for the project, of which 2,900 acres is forest land. The local administration said that it has already acquired nearly half of the land required for the project.

 
Follow India news real-time updates and the latest news covered on Hindustan Times, featuring today's critical updates on Sonam Wangchuk Hunger Strike LIVE and more across India.
Follow India news real-time updates and the latest news covered on Hindustan Times, featuring today's critical updates on Sonam Wangchuk Hunger Strike LIVE and more across India.
SHARE THIS ARTICLE ON
Hindustantimes wants to start sending you push notifications. Click allow to subscribe