Stung by the row over its application for iron ore mining leases in Orissa, the state's elite Bhubaneswar Club Ltd is likely to decide on taking back the application next week.
Posco-India has made it clear that it has no intention to shift the site of its 12 million tonne steel project.
The LN Mittal-owned Arcelor-Mittal, the largest producer of steel in the world, is set to sign a memorandum of understanding with the Orissa government for its proposed 12 million tonne steel plant this week.