POSCO India steel mill likely to win approval -sources

POSCO India steel mill likely to win approval -sources

New Delhi: A $12 billion Indian steel mill planned by South Korea’s POSCO is likely to be approved by the government this month, sources said on Friday, after years of delays over environmental concerns.

Government and industry sources told Reuters on Friday the project, delayed by over three years, was likely be approved, possibly with some conditions including initial clearance for a smaller mill which will be gradually expanded.

Environment minister Jairam Ramesh, whose push to enforce green laws has brought him in conflict with industry, is deciding whether rules were violated in steps towards building the 12-million tonne capacity mill in Orissa.

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