Posco Orissa

• Government to decide on giving iron ore license to POSCO: Supreme Court

  The Supreme Court has set aside Orissa High Court order which had cancelled the state government's recommendation for mining lease in the state to be given to Posco India. The Odisha government wanted Posco to mine there. However this decision was challenged in the Orissa High Court after which the court cancelled the state's recommendation for P...

• Stop maligning India, Steel Minister asks LN Mittal

  "He should stop maligning India and the Indian government. Why is he not beginning work on his projects?" Mr Verma said.

• Green Tribunal suspends enviromental clearance to Posco

  The environment clearance granted to Posco's mega steel project in Orissa in January 2011 will remain suspended till the environment ministry reviews it afresh, the National Green Tribunal held.

• Prime Minister's address to the Korean CEOs

  Investment from South Korea is a "priority" for India, visiting Prime Minister Manmohan Singh said on Monday, adding that the government was taking "proactive" steps to improve the business climate and move forward with the POSCO mega steel plant project in Orissa that has been plagued by farmer protests.

• Govt defers decision on Posco SEZ

  The government has deferred a decision on South Korean steel major Posco's request for allowing more time to set up multi-product SEZ in Orissa till the Board of Approval's next meeting.

• Posco seeks more time for Orissa SEZ project

    South Korean steel major Posco has sought more time from the Centre for its over Rs 53,000 crore multi-product SEZ in Orissa, as it is yet to get adequate land from the State Government. An inter-ministerial Board of Approval (BoA), chaired by the Commerce Secretary, Dr Rahul Khullar, will consider the request from Posco's subsidi...

• Posco's first mill in Orissa within 3 yrs of getting land

  South Korean steel giant Posco has informed the Centre that it will build the first phase of its $12 billion steel-to-port project in Orissa within three years of the state government handing over possession of land to the company. "Posco is in position to commission its first phase of 3 million tonne (MT) plant within 3 years after possessi...

• After Orissa, Posco faces hurdles in Karnataka too

  One of the highlights of last years' Global Investors Meet by the Karnataka government, Korean steel major Posco had announced integrated steel plant with an investment of Rs 32000 crore. But it has not been smooth sailing for them or the Karnataka Government who are facing the flak from farmers from Gadag district of North Karnataka over the la...

• Orissa stalls land acquisition for Posco's steel project

  The Orissa government has stopped the land acquisition process for Posco's proposed $12-billion steel plant after opposition from locals. The decision comes after thousands of villagers protested against the land acquisition, with women and children forming human rings at Govindpur this month. They were opposing the final clearances, the env...

• Six years on, POSCO's Orissa steel project remains on paper

  Exactly six years after Korean steel giant POSCO signed an MoU with the Orissa government for a Rs 52,000 crore, 12 million tonnes per annum project, the mega venture remains mired in uncertainty.      As the anti-steel plant agitation gains momentum, both Posco and Orissa government have vowed to push ahead with the...

• POSCO likely to renew $12 bn pact with Orissa soon

  South Korean major POSCO on Monday said it expects to renew "shortly" its pact with Orissa government for building Rs 54,000 crore steel plant while assuring no exports of any iron ore from there. The statement comes in the wake of the Centre granting final approval to Orissa for diversion of 1,253 hectares of forest land for Posco's 12 mil...

• Jairam grants final approval to Orissa for Posco project

  Environment Minister Jairam Ramesh has granted final approval to Orissa for diversion of 1,253 hectares of forest land for Posco's steel project but said the South Korean steel major should not export raw material from the proposed project. "In view of the state government's latest communication of April 29, final approval is accorded to th...

• Tension escalates at Posco site

  There is tension at the proposed Posco site in Orissa over the construction of a new road that would connect the site with Paradeep port. Hundreds of people including women and children marched to the site and stalled the construction work.

• Orissa hopeful of Centre's nod to Posco project

  Orissa Chief Minister, Naveen Patnaik, is racing against time to ensure mega projects in his state get cleared on time. Whether it is $12 billion Posco project or the Vedanta alumina project, nothing has moved so far. The Ministry of Environment and Forests had given conditional clearance to the 12-mtpa steel project of Posco in Orissa on J...

• Orissa to allow Posco to swap iron ore for making better steel

  Having a website with up-to-date information at any given point of time will become mandatory for all the listed companies with effect from tomorrow – a move aimed at providing investors with easy access to information. A notification by market regulator Sebi, which makes it mandatory for listed companies to have a functional website ...