'Almost all the projects are progressing well except Posco which has acquired only 516 acres of the 6,000 acres allotted to it. We are trying to sort out land acquisition and other problems,' he added.

Posco, one of the world's biggest steel makers, signed a deal with the Orissa government in June 2005 to set up a $12 billion plant near the port town of Paradip in the coastal district of Jagatsinghpur, some 100 km from here, by 2016.

The minister said that the Tata project for setting up a 6 million tonne-capacity steel plant in Kalinga Nagar would start soon.