This discussion paper builds on CPI’s earlier work, with a focus on the technologies, challenges, and current state of financing for the decarbonization of India’s iron and steel sectors, since this is
Twelve platoons of armed police forces entered Gobindpur, part of the Posco steel project site near Paradip, early on Sunday morning and evicted people from dozens of betel gardens to acquire 700 acres of government land. While some people, apparently fearing government backlash, parted with the government land under their “illegal” possession, a few others resisted and clashed with the security personnel.
Bhubaneswar: Move to buy land for 8-mtpa steel project resumes after year’s gap The process of acquiring land for Posco’s $12-billion steel plant near Orissa’s Paradip port in Jagatsinghpur district resumed on Sunday, leading to tension in the area. Officials from the Orissa government made a surprise entry into Gobindpur village early on Sunday morning led by district collector Satya Mallik accompanied by police.
After being halted for more than a year, land acquisition for the showpiece Rs 52,000-crore Posco steel plant in Odisha resumed today amid clashes between the police and protesters. The acquisition process for the South Korean steel major's mega project amid tight security in Jagatsinghpur district was marked by claims and counter-claims on the violence following allegations of police crackdown on project opponents and injuries to some villagers due to lathicharge.
Lathicharge On Human Wall Of Women, Kids Kendrapada/Bhubaneswar: The state government resumed land acquisition for the proposed Posco steel plant in Jagatsinghpur on Sunday after a gap of around one-and-ahalf
As is now well known, the Government of Orissa and Pohang Steel Company (POSCO), Republic of Korea signed a Memorandum of Understanding (MOU) on June 22, 2005 for setting up an Integrated Steel Plant in
Captive consumption, exports to be out of auction ambit The state steel & mines department has scrapped the demand for conducting separate e-auctions for local buyers and consuming industries with units outside the state. The demand for separate e-auctions was raised by All Odisha Steel Federation (AOSF), a body representing the interests of steel makers and sponge iron manufacturers.
Aiming to expedite disposal of applications for renewal of mining leases, the steel & mines department has rejected 135 such applications of a total of 323 applicants. “We have already rejected 135 applications for mine lease renewal. These applications did not merit renewal as they lacked the necessary statutory clearances. The department is making all efforts to dispose off pending applications in accordance with the directive of the Odisha High Court,” said an official source.
Teak, Oak Among Those Cut On Designated CA Site Bangalore: Close to 3,000 fullgrown trees were cut down late last week on a 10-acre land on the outskirts of the city. Land is part of Plot No. 40, Doddanekkundi II Stage, near Whitefield. A neighbouring company, Bhoruka Steel Limited, which was involved in developing the land, is crying foul. It sees the move as an attempt to palm off a plot designated for civic amenities to another company.
The quarter to December-end was a tough period for JSW Steel, marked by falling realisations and forex losses, which led to the steel maker taking a major hit on its profit after tax. Realisations were down more than 7.5% year-on-year at . 38,100 per tonne as the company offered discounts to counter increasing cheap imports from countries with which India has free-trade agreements. Another reason for the decline in realisation was lower exports; exports fetch higher realisation than local sales. However, higher volumes led to a top-line growth of 8%. Volumes rose 14% beating market expectations despite low availability of iron ore and maintenance shutdowns at its Corex furnace.
Agra: The government on Monday said it will review South Korean steel firm Posco's R 52,000-crore project, which has been stuck for long over land acquisition and other regulatory issues. The assurance was given by commerce and industry minister Anand Sharma to a visiting South Korean delegation at the ongoing partnership summit organised by the Confederation of Indian Industry. "We are committed to the smooth offtake of the Posco project and will look into the recent developments to expedite the project in consultation with the state agencies. The first meeting of the Cabinet Committee on Investment is day after tomorrow (January 30)," Sharma added.
