Posco plans to build $12 bln steel plant in India, ambassador says

South Korean steelmaking giant Posco has plans to build a new integrated steel plant in India, according to an official statement issued by the Indian Chamber of Commerce this week.

Posco is looking to invest $12 billion to set up the plant in the Indian state of Odisha, Shin Bongkil, South Korea’s ambassador to India, said on Monday April 19, according to the release.



Lee Allen

April 22, 2021

13:48 GMT