POSCO-India integrated steel plant project is a significant part of POSCO’s strategy to reinforce its global competitiveness. With a proposed investment of USD 12 billion (Rs 52,000 crore), POSCO-India seeks to construct a world-class, fully integrated steel plant in Orissa with annual production capacity of 12 million tons. The project will include iron ore mine development over 30 years (total 600 million tons) at captive mines located in the Keonjhar and Sundergarh districts of Orissa, as well as development of related infrastructure.


Phase I is scheduled to begin in 2007, and is expected to conclude in 2010~12, within three years of commencement. Phase II will be completed three years after completion of Phase I; and Phase III will be commissioned within three years after Phase II.
Total Investment : USD 12 billion (Rs 52,000 crore)

Estimated Investment for Phase I: USD 3.7 billion (Rs 16,650 crore)