The National Green Tribunal's ruling is likely to further delay the project, already beset with protests from local landowners who don't want to give up their land for the factory.
The tribunal has asked the ministry of environment and forests to review the project afresh.
The ministry had last year given Posco approval to build a steel plant with a capacity of 4.0 million metric tons a year. It had also given the company clearance for a 400 megawatt power plant and a port to handle raw materials and finished goods.
The ministry's approval had restarted the project which had failed to take off the ground for nearly six years after Posco signed an initial agreement with the state government of Odisha.
The original plan was to build a 12-million-ton plant with an estimated cost of USD 12 billion, billed as the biggest-ever foreign investment commitment to India.
When it gave the approval last year, the ministry said the plant's expansion beyond 4.0 million tons would require the company to again seek environmental clearance.
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