May 17, 2008

POSCO ground breaking ceremony on April 1st 2008 uncertain

PTI reported that uncertainty is prevailing over holding the ground breaking ceremony of POSCO project in Orissa slated for April 1st 2008.

The report said that Mr Naveen Patnaik chief minister of Orissa is unsure of the schedule for the ceremony. He told PTI that "We will certainly examine the issue.’

Mr Patnaik said the government would review the situation before making any formal confirmation on the scheduled function at the proposed plant site near Paradip. He said "We will see what best can be done on the day.”

Mr Patnaik and Mr Ku Teak Lee CEO of POSCO had earlier announced that the ground breaking ceremony would be held at the proposed plant site near Paradip on April 1st 2008, which is observed as the Utkal Diwas in Orissa and also foundation day of POSCO.