Aug 2004 Investment Proposal was initiated with talks between POSCO and the Government of Orissa
Oct 2004 An agreement between POSCO and the Government of Orissa to enter into a Memorandum of Understanding (MoU) was discussed at the India-Korea Summit meeting
Jun 2005 MoU for USD 12 Billion project was signed between POSCO and the Government of Orissa
Aug 2005 POSCO-India Pvt. Ltd was incorporated in Bhubaneswar
Sept 2005 POSCO paid capital of USD 51.3 million (Rs. 237 crore)
Sept 2005 Application was submitted for Prospective License for iron ore
Nov 2005 Land acquisition was approved by the Orissa State Government
Dec 2005 POSCO Board of Directors gave its official approval for the first phase of the POSCO-India project
Dec 2005 Application submitted for Captive Port development at Paradip
Jan 2006 Paradip construction office opened
Jun 2006 1,135 Acres of Government Land Approved
Aug 2006 Government of Orissa recommended POSCO-India’s SEZ Proposal to the Government of India
Aug 2006 Kujang R&R office opened
Aug 2006 Govt. of Orissa recommends for CRZ & EIA Clearances for the port
Sep 2006 Govt. of India gives in-principle approval for SEZ
Oct 2006 MoU with RVNL for Railway SPV from Haridaspur-Paradip
Dec 2006 Govt. of Orissa recommends GoI to sanction PL to POSCO-India for Khandadhar
Mar 2007 Empowered Group of Ministers approves SEZ status
Apr 2007 Public Hearing for EIA clearance for 4MT steel Plant construction & Captive port at Jatadhar
May 2007 Union Ministry of Environment & Forest approves construction of captive port proposal.
Jul 2007 Environmental Clearance for 4MTPA steel plant and captive power plant (400 MW) obtained