The Odisha government on Tuesday assured top Posco India officials that the tripartite pact to enable renewal of lapsed Memorandum of Understanding (MoU) is in the final stage and is set to be executed soon.

The tripartite agreement will involve South Korean steel giant Posco, its fully owned subsidiary- Posco India and the state government. The pact is awaiting the nod of Chief Minister Naveen Patnaik.