Posco Steel Plant

Industrialist Gautam Adani-led Adani Group has signed a pact with South Korea's POSCO to explore business opportunities in sectors like steel, renewable energy among others.

SIAM said the disruption comes at a time when companies are still recovering from the impact of COVID-19 and this could be a major setback for the economy.

Supply of steel from Posco's Maharashtra plant has been seriously affected and production for carmakers "is likely to come to a standstill" if the issue is not resolved soon,

The move could be a sign that the world's fourth-biggest steelmaker is scrapping the proposed 12 million-tonnes-a-year steel plant in Odisha.

New Delhi urged South Korean steelmaker POSCO last month to buy local raw material for its automotive steel plant in western India, two government sources said, trying to cut imports and boost domestic production of high-value steel.

South Korean steelmaker POSCO on Friday told the National Green Tribunal (NGT) that it would not be able to set up a $12 billion steel plant in Odisha by July 2017, as the construction is yet to begin.

The PMO has called a meeting, which will be attended by the Cabinet Secretary, Secretaries of Steel and Mines, the Odisha government, and Posco officials, to look for ways to help the South Korean steel maker set up a plant in the country, sources said.

The Prime Minister's Office is likely to take up the issue of steel giant Posco's proposed $10.5-billion integrated steel plant in Jagatsinghpur with the Odisha government and the company officials tomorrow.

The proposed joint venture plans to set up the steel plant in two phases and take advantage of an expected surge in steel demand in India.

Not able to take off its 12 million tonnes plant in Odisha, global Steel giant POSCO is likely to shift its first Finex plant to Kalinganagar, in the state from Pohang, South Korea after a definitive pact with homegrown steelmaker MESCO, which is scheduled by August.

Steel giant POSCO has shifted its focus from a proposed $12-billion steel plant in Odisha citing "no progress" in the project.

Talks are on between South Korean steel major Posco and state-run domestic giant SAIL to set up an integrated steel plant, the government said on Monday.

With the ratification of the Mines and Mineral (Development and Regulation) Bill, 2015 by Parliament, which disallows preferential treatment for giving mining leases, uncertainty looms over the future of the steel-giant POSCO, threatening the future of over 2,000 families in Jagatsinghpur district of Odisha, who had given away their land for the pr...

Heavy rains at the tail end of the last monsoon season have ensured water levels at 42 per cent of total capacity in India's main reservoirs, a fifth higher than a year earlier and a third more than the 10-year average.

Manmohan Singh also said the firm's request for an iron ore mining license - the final regulatory hurdle for the project which would be the biggest foreign direct investment in India - was in "advanced stage of processing".

Industrialist Gautam Adani-led Adani Group has signed a pact with South Korea's POSCO to explore business opportunities in sectors like steel, renewable energy among others.

SIAM said the disruption comes at a time when companies are still recovering from the impact of COVID-19 and this could be a major setback for the economy.

Supply of steel from Posco's Maharashtra plant has been seriously affected and production for carmakers "is likely to come to a standstill" if the issue is not resolved soon,

The move could be a sign that the world's fourth-biggest steelmaker is scrapping the proposed 12 million-tonnes-a-year steel plant in Odisha.

New Delhi urged South Korean steelmaker POSCO last month to buy local raw material for its automotive steel plant in western India, two government sources said, trying to cut imports and boost domestic production of high-value steel.

South Korean steelmaker POSCO on Friday told the National Green Tribunal (NGT) that it would not be able to set up a $12 billion steel plant in Odisha by July 2017, as the construction is yet to begin.

The PMO has called a meeting, which will be attended by the Cabinet Secretary, Secretaries of Steel and Mines, the Odisha government, and Posco officials, to look for ways to help the South Korean steel maker set up a plant in the country, sources said.

The Prime Minister's Office is likely to take up the issue of steel giant Posco's proposed $10.5-billion integrated steel plant in Jagatsinghpur with the Odisha government and the company officials tomorrow.

The proposed joint venture plans to set up the steel plant in two phases and take advantage of an expected surge in steel demand in India.

Not able to take off its 12 million tonnes plant in Odisha, global Steel giant POSCO is likely to shift its first Finex plant to Kalinganagar, in the state from Pohang, South Korea after a definitive pact with homegrown steelmaker MESCO, which is scheduled by August.

Steel giant POSCO has shifted its focus from a proposed $12-billion steel plant in Odisha citing "no progress" in the project.

Talks are on between South Korean steel major Posco and state-run domestic giant SAIL to set up an integrated steel plant, the government said on Monday.

With the ratification of the Mines and Mineral (Development and Regulation) Bill, 2015 by Parliament, which disallows preferential treatment for giving mining leases, uncertainty looms over the future of the steel-giant POSCO, threatening the future of over 2,000 families in Jagatsinghpur district of Odisha, who had given away their land for the pr...

Heavy rains at the tail end of the last monsoon season have ensured water levels at 42 per cent of total capacity in India's main reservoirs, a fifth higher than a year earlier and a third more than the 10-year average.

Manmohan Singh also said the firm's request for an iron ore mining license - the final regulatory hurdle for the project which would be the biggest foreign direct investment in India - was in "advanced stage of processing".