South Korean giant Posco’s integrated steel plant in Orissa, India, could face another hurdle as the palli sabhas (local bodies set up to determine forest rights under the Forest Rights Act) of Dhinkia, Gobindpur and nearby villages plan to approve several hundred forest rights claims.
British-based investors in POSCO include Barclays, Alliance Bernstein/Alliance Bernstein Global Wealth Management, Foreign and Colonial Investment Trust PLC, and Henderson Far East Income Limited: see