CRZ Review May Land Posco In Trouble

The review of the CRZ clearance for the project may land the Korean giant in trouble with sources suggesting that the ministry had found evidence of high erosion at the port site and was studying how it would impact the Paradip port downstream.

Of the earlier two reviews - whether the project had followed regulations of the Forest Conservation Act and whether the environmental clearance process had been violated or not - the latter has gone in Posco's favour while former is tilted strongly against the Korean steel giant. Read the full report here.

Source: Trading Markets.com, New Delhi.