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 the process of land acquisition for the project. "According to sources available with Odisha Industrial Infrastructure Development Corporation (the state's …
Posco, Asia’s third-largest steelmaker, agreed to buy a stake in ArcelorMittal Mines Canada Inc, Chung Jae Woong, a Seoul-based spokesman at Posco said. The Korean steelmaker hasn’t decided on the amount of stake it will purchase or for how much, Chung said on Tuesday. The Maeil Business Newspaper reported earlier …
The new Bill on Land Acquisition approved by the Union Cabinet will be a huge setback for industrial growth in Odisha at a time when big ticket investors like Posco and ArcelorMittal are already struggling to procure land for their projects, industry experts said. According to the new Bill ratified …
After Vedanta closed its aluminum refinery at Lanjigarh in Kalahandi district of Odisha today, citing paucity of bauxite, the primary raw material to refine aluminium, all eyes are now on the Supreme Court, which will hear a petition against the ministry of environment and forests (MoEF) tomorrow. The MoEF had …
Anti-corruption crusader Anna Hazare on Friday strongly opposed South Korean steel major Posco’s proposed `52,000-crore integrated steel project at Paradip in Orissa on the ground that it was a “foreign” company. He said that apart from Posco — all other foreign investment projects in the state and country needed be …
Bhubaneswar: The Orissa government has proposed to lay down a well-defined policy for renewal of MoUs signed with industrial houses. The policy is likely to expedite the renewal of MoUs signed for the mega steel projects promoted by Posco-India, Arcelor Mittal and Jindal Steel & Power. The state government has …
Bhubaneswar The Special Economic Zone (SEZ) status of Posco-India’s steel project in Orissa is in trouble. The SEZ development commissioner is unlikely to recommend further extension of in-principle approval for the SEZ as the state government remains non-committal on the land allotment time-line. The Posco-India’s SEZ status, which was accorded …
The state is the highest producer of high-quality sized iron ore and fines, with annual output surpassing 75 mn tonnes Odisha, the largest producer of iron ore in the country, is mulling canalisation of iron ore trade by appointing a designated agency in order to bring in transparency and generate …
The company has got the entire 2,700 acres of land near Bellary, Karnataka ArcelorMittal has finally crossed the biggest hurdle in setting up any project in India -- land. The company has got the entire 2,700 acres of land near Bellary, Karnataka, required for its steel plant from the state …
Bhubaneswar/New Delhi: Posco India has sought more time from the Centre for implementing Rs 54,000 crore SEZ project near Paradip in Jagatsinghpur district, as the South Korean steel giant could not get land due to protests by tribals. Due to certain issues in the acquisition of large land for a …
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 …
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 project near Paradip only after the project gets environment clearance from the Union ministry for forest and environment. The …
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 …
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 imperious silence. Over the last 15 months, as minister for environment and forests, she has successfully stalled every …
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 …
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 …
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 a glimpse of the ongoing war between the state government and a determined green brigade. On 25 June, …
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 …
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 …
Among major projects stalled awaiting new legislation are Posco, ArcelorMittal, Tata Steel and Coal India More than a century after it was drawn up by British colonial rulers, India's land acquisition law is finally set for a revamp that promises to breathe life into scores of frozen industrial and infrastructure …
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. It has cornered 27 per cent share in the total FDI, proposed for India in 2011-12, the industry body …
