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