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Tensile Tension

  • Posco's 12 mn-tonne steel plant to entail costs of $12 bn. But actual FDI flow only $3 billion.

  • Posco gets to mine its own ore, 600 mn tonnes over 30 years. What it saves on costs: Rs 96,000 crore.

  • Wants to import 'high quality' ore, says Orissa ore high in impurities. Experts ask why are they here then.
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