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Posco exits Karnataka, left with two steel projects in India

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Korean steel giant is fed up over delay in land acquisition

South Korean steel giant Posco has called off its decision to invest Rs 32,300 crore to set up a six-million-tonne-per-annum steel plant in Karnataka. The decision follows prolonged delay in the acquisition of land by the state government at Halligudi, in Gadag district.


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