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9 Apr 2016

Nitin Sethi, Business Standard

India: Project in Odisha is over, says Posco

Korean steel major told the (NGT) on Friday that it would not pursue any more its Rs 50,000-crore integrated steel plant project in Odisha....to the surprise of petitioner Prafulla Samantray and his lawyers, Ritwick Dutta and Rahul Choudhary, the company asked for its environmental clearance to be cancelled, saying it would not be able to complete the project by the deadline of the environmental clearance in 2017 – which it could have sought to extend as a routine event. It, as mentioned earlier, instead asked for cancellation of the environmental clearance. The petitioner opposed this, preferring that the company formally ask the ministry for withdrawal.