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POSCO denies reports of plans to shift steel project site

Last updated on: December 27, 1999 

POSCO denies reports of plans to shift steel project site

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