Welcoming Supreme Court’s judgement on Khandadhar iron ore mine case, Posco-India today assured would significantly help to expedite the project and hoped the Central Government would ensure a quic

The Supreme Court today set aside the Orissa High Court order which had quashed state government's petition to allot iron ore licence to South Korean steel major Posco in Khandadhar hills in Sunder

Odisha government had first recommended granting of PL to Posco India in 2006 to the government of India

Central government will decide if South Korean steelmaker POSCO can have preferential access to an iron ore mine for its planned $12 billion steel plant, a top court said, providing a boost to the troubled project billed as the country's largest foreign direct investment (FDI).

POSCO, the world's fourth-largest steel producer, has waited eight years to get necessary clearances, land and an iron ore mining licence to start work on the plant in eastern Odisha state slated to have a capacity of 12 million tonnes a year.

The state government has already acquired 2,000 acres of land for the Posco project

Moving ahead in its land acquisition spree for the Posco project, the Jagatsinghpur district administration aims to complete acquisition of 700 acres of land for the mega steel project in a week. The state government has already acquired 2,000 acres of land for the Posco project. In the current phase of land procurement, an additional 700 acres were to be acquired.

The statutory environment panel has revoked the clearance given to South Korean steel major Posco’s Rs 54,000-crore integrated steel plant and port project in Jagatsinghpur in Odisha, raising fears that the venture may get further delayed.
Posco will now have to go through the process of environmental clearance— at least some part it — all over again.

The expert appraisal committee on industry, which is the apex environmental clearance body for industrial projects, has asked the company to furnish detailed information on a variety of aspects, including iron ore linkage, layout plan for the project, waste management plan before it can consider fresh clearance.

The Odisha government today submitted a status report on the Posco project at a meeting convened at Udyog Bhawan in New Delhi.

Land acquisition for the Rs 52,000 crore Posco steel project resumed in Jagatsinghpur district on Monday after being suspended for about two-and-a-half months.

Project opponents handing over land; Odisha offers to withdraw cases against activists