Jajpur (Odisha) : Not able to take off its 12 million tonnes plant in Odisha, global Steel giant POSCO is likely to shift its first Finex plant to Kalinganagar, in the state from Pohang, South Korea after a definitive pact with homegrown steelmaker MESCO, which is scheduled by August. “We have already signed an initial pact with POSCO for shifting of its patented Finex technology plant at Mesco premises at Kalinganagar in Jajpur. The shifting should begin in the next two to three months post a definitive pact with POSCO, which is scheduled by August,” Director Finance, MESCO, Natasha Singh Sinha said.
She said that POSCO would be satisfied with a minority stake in its joint venture with MESCO.
Namita Tewari
