Reuters: Market News: CORRECTED-India tribunal suspends Posco project environmental clearance

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CORRECTED-India tribunal suspends Posco project environmental clearance Mar 30th 2012, 07:46 Fri Mar 30, 2012 3:46am EDT NEW DELHI, March 30 (Reuters) - An Indian tribunal on Friday suspended the environmental licence for a $12 billion steel investment by Posco, a lawyer for the green group that brought the case against the South Korean company said. The proposed Posco plant in the eastern state of Orissa is India's largest foreign direct investment and was granted a conditional clearance from India's environment ministry last year.

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