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‘Posco close to getting PL for iron ore reserve’

Bhubaneswar: South Korean steel major Posco was probably only two signatures away from getting the prospective licence (PL) of Khandadhar iron ore reserve in Sundergarh district, official sources said on Wednesday.

As hearing on Khandadhar reserve was complete, some formalities were left before the State Government, which formally recommends the name of the company to get the PL.

Spread over 6204.32 hectares, Khandadhar iron reserve is known as jackpot in the steel sector.

“We will very soon send the recommendation to the Centre for the PL over Khandadhar iron ore reserve,” Orissa’s Steel and Mines Minister Pradip Amat said, adding that only some formalities were left for final recommendation. - PTI

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