Acquisition of additional 700 acres of land for the Posco mega steel project, which was stalled temporarily due to the company’s lack of commitment on periphery development work, is set to be completed in two months.

While the state government had acquired 2,000 acres of land, the South Korean steel major needed additional 700 acres for setting up an eight million tonne plant in the first phase. The company which needed 4,004 acres inall, would later scale up capacity to 12 million tonne after receipt of the balance land.