Steelmaker POSCO-India on Monday dropped its plan to perform the groundbreaking ceremony for the proposed 12 million tonne per annum mega steel project in Orissa on April 1. The company had announced the date a few months ago after a meeting between Chief Minister Naveen Patnaik and Chief Executive Officer Ku Taek Lee of POSCO in New Delhi. "As on today, certain procedural sanctions still remain to be obtained, despite the best efforts of the company. Under these circumstances, it would be difficult to perform the