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 …
With barely a fortnight to go for Prime Minister Manmohan Singh’s visit to South Korea, his office has convened a high-level meeting on Monday to take stock of the hurdles faced by Pohang Steel Company (Posco) in setting up a Rs 54,000 crore, 10 million tonne steel project in Odisha. …
Bhubaneswar: Chief Secretary Bijay Patnaik has been requested by the Principal secretary to the prime minister has requested the chief secretary of Odisha to personally attend the preparatory meeting on India-South Korea Economic Cooperation in New Delhi on March 19 to present facts about the progress in the implementation the …
Bhubaneswar: Unable to proceed with their projects due to different reasons, Vedanta Aluminium and Posco have sought more time from the Centre to implement their respective special economic zones (SEZs). An inter-ministerial Board of Approval (BoA), presided over by Union commerce secretary Rahul Khullar, will consider both the requests on …
Mining giant Rio Tinto said on Monday it plans to invest $2 billion in an iron ore project in eastern India in what it said would be Australia’s “largest investment” in the South Asian nation. Sam Walsh, chief of the Australia-based company’s global iron ore operations, said the project in …
Bhubaneswar: Delay in land acquisition and ancillary work has led to considerable cost escalation of Posco's 12 million tonne per annum mega steel plant near Paradip in Jagatsinghpur district, the South Korean steel major claimed on Thursday. Delay would lead to about 20 percet cost escalation of the project, which …
Bhubaneswar: As many as 36 ancillary industries and 19 downstream units were expected to come up with the commissioning of Posco's 12 mtpa steel plant near Paradip, steel and mines minister Raghunath Mohanty informed the State Assembly here on Tuesday. Replying to a question, the minister said that the ancillary …
This Report of the Comptroller and Auditor General of India (C&AG;) on Government of Odisha relates to matters arising from Performance Audit of selected programmes and activities and Compliance Audit of Government departments and Autonomous Bodies. The primary purpose of the Report is to bring to the notice of the …
Left to the Union panchayati raj and tribal affairs minister, Mr V Kishore Chandra Deo, the Poscos and Vedantas of the world would not get mining leases in tribal strongholds. Mr Deo feels land protection laws for tribals are being subverted by the practice of mining leases. “As a non-tribal …
In a blow to SAIL’s efforts for raw material security, a high level committee of the Union environment ministry has refused to accord green clearances for the steel major’s three key iron ore mines in West Singhbhum district of Jharkhand. The move could deprive the firm of over 80,000 million …
Worried over the delay and uncertainty over implementation of the country’s largest Foreign Direct Investment (FDI) in the shape of Posco’s project, the Union Government has sought the latest status report on the mega steel venture. The Union Ministry of Steel, in its latest missive to the State Government, has …
Bhubaneswar: Concerned over the inordinate delay and uncertainty over implementation of the country’s largest Foreign Direct Investment in the shape of the Posco project in Odisha, the Centre has sought the latest status report on the mega-steel venture. The steel ministry, in its latest letter to the state government, has …
South Korea's parliament has delayed a vote on an emissions trading scheme scheduled for Thursday because of political wrangling between the government and opposition ahead of parliamentary polls in April, a government official said. If approved, the scheme to cap South Korea's growing emissions of carbon dioxide from early 2015 …
New Delhi In what may hit steel and mining companies in Karnataka, the Central Empowered Committee (CEC) in its report to the Supreme Court has recommended that the iron ore mining in Bellary district should be capped at 25 million tonne (mt), whereas for other districts Chitradurga and Tumkur, a …
Wants cancellation of 49 iron ore leases, penalties on others The panel appointed a year earlier by the Supreme Court to probe illegal mining in Karnataka has made several recommendations in its final report, with far-reaching implications. The final report was given to the SC on Friday. The Central Empowered …
A year after Jairam Ramesh's final environmental clearance, Korean giant waits for state govt to hand over land Last January, the Union environment ministry's approval for the Rs 52,000-crore mega steel project by Korean giant Posco at Orissa’s Jagatsinghpur district made headlines. A year down the line, nothing has moved. …
New Delhi The report of the Central Empowered Committee (CEC) on Karnataka’s mining sector, expected to be submitted to the Supreme Court this week, has the state steel industry on the tenterhooks. Steel companies in the state, including Kirloskar Ferrous Industries and BMM Ispat, are a worried lot over the …
NEW DELHI: Drawing flak for project delays, the government has decided to set up a dedicated forum to clear bottlenecks such as coal linkages and environmental and defence clearances that are major holdups. Top government officials told TOI that after the meeting of the Prime Minister's Council on Trade and …
Though the Orissa government is quite prompt in signing a number of memoranda of understanding (MoUs) with different MNCs and corporate houses for execution of different mega projects in the state, somehow due to the cumbersome procedure of the state administration in acquiring the land as well as handling issues …
The Karnataka High Court today said that it cannot direct the state government to reconsider its decision to shelve Posco’s proposed multi-crore steel plant in Gadag district while dismissing a PIL by a group of farmers who wanted the project to be implemented. The court was hearing a PIL filed …
PARADIP: The hearing for the bail petition of CPI leader and anti-Posco frontline leader Narayan Reddy and Congress legislator Jayant Biswal has been deferred to January 9 by the Additional District Sessions Judge of Jagatsinghpur Sachidananda Sahu on Thursday. The judge deferred it citing non-supply of case diary by police …
