No Posco, but 3L trees axed for project
Bhubaneswar: As uncertainty prevails over South Korean steel giant Posco's proposed plant near Paradip, the state government on Tuesday informed the assembly that around three lakh trees were felled during
POSCO
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Posco seeks extension of nod for Special Economic Zone
Says it has made significant progress in securing the minimum required land for the project Steel maker Posco India has sought an extension of the in-principle approval for its multi-product special economic zone (SEZ), proposed to be set up near Paradeep in coastal Odisha. The approval for the project expires on October 25. The steel maker has requested the Odisha government to forward its no-objection certificate (NOC) to the board of approvals under the Union commerce ministry, as required under Rule-4 of SEZ Rules, 2006.
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Odisha to Buy Land for Posco Only After Green Clearance
Co to restart process as most approvals have expired the five-year time limit The Odisha government would provide the required land to Posco India for its proposed 12-million-tonne integrated steel plant
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Posco hopeful of getting 2,700 acres land in two months
Acquisition of additional 700 acres of land for the Posco mega steel project, which was stalled temporarily due to the company’s lack of commitment on periphery development work, is set to be completed in two months. While the state government had acquired 2,000 acres of land, the South Korean steel major needed additional 700 acres for setting up an eight million tonne plant in the first phase. The company which needed 4,004 acres inall, would later scale up capacity to 12 million tonne after receipt of the balance land.
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Green Terror
The wood panelled office in Delhi's Paryavaran Bhawan is now a 'no-go' zone. Its reigning green queen, Jayanthi Natarajan , once a daily fixture on television shows as Congress spokeswoman, presides in
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India for control is Posco, Severstal JV
New Delhi The Steel Ministry today said Posco and Severstal cannot have majority stakes in their proposed joint ventures with state-run SAIL and NMDC respectively, envisaging a total investment of Rs 36,000 crore. "Talks are going on. There are problems in regards to the shareholding. But, we can't give them land, we can't give them all facilities, and still have the minority shareholdings in the ventures," Steel Minister Beni Prasad Verma said.
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Mines ministry missive may hit Posco's swapping plan
Posco India may have to abandon its proposal for swapping of high alumina content iron ore found in the state with high grade ore from outside to meet the quality parameters of its proposed 12 million tonne greenfield steel project in Odisha. Even the steel behemoth’s plan to swap iron ore within the country, a modified condition understood to be incorporated in the revised pact by the Odisha government may not hold ground if the latest order of the Union mines ministry is implemented.
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Draft steel policy pegs capacity at 244-281 MT by FY 26
Projects steel demand at 202-233 MT The draft National Steel Policy has pegged the country's steel making capacity in the range of 244-281 million tonne by 2025-26. The policy seeks to replace the existing one that was formulated in 2005, and suggest ways to create an environment conducive for the growth of the industry that is plagued by issues such as land acquisition and raw material scarcity.
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A Graveyard Of Dreams
The mineral-rich state of Orissa, once a magnet for big-ticket investments, is now a deadlocked destination for projects worth thousands of crores. Four days in and around Bhubaneswar were enough to catch
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Natarajan: Success abroad, domestic challenges manifold
Jayanthi Natarajan's tough stand ensures recognition abroad, but red-tapism & bureaucracy continue to delay approvals in India Reticence can be a double-edged sword. For Jayanthi Natarajan, minister for environment and forests, her reserve has attracted much criticism from domestic detractors. Yet, on the high table of international climate diplomacy, it helped her ensure the voice of developing countries, particularly India, was heard at the global climate talks.
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Posco stuck, still Odisha tops FDI with RS 49,527 crore
Despite the Rs 52,000-crore Posco project, the largest single FDI of the country, being a non-starter even after seven years, Odisha still continues to be a favoured destination among overseas investors.