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 …
The state government has decided that Posco India will have to pay the same price for rehabilitation colony land as it has paid for the project area, following a complaint raised by the National Human Rights Commission (NHRC). “Steps will be taken to request Posco India to pay equivalent compensation …
New Delhi: Exasperated at the way they have been treated, two more judges on the National Green Tribunal (NGT) have tendered their resignation, leaving the court in disarray as altogether six judges have quit the body since its inception in 2010. The resignation of judicial members Amit Talukdar and C …
Posco-India, which had initially proposed to invest $12 billion to set up a 12-million-tonne per annum (MTPA) steel plant on 4,004 acres of land near Paradip in Orissa, has submitted a revised proposal to the state government seeking transfer of 2,700 acre land in its favour for establishing a 8 …
The country's steel production capacity has reached 80 MT per annum with plans to ramp it up to 120 MTPA during the current fiscal An inter-ministerial panel will meet later this month to sort out issues impeding big-ticket investments in the steel sector. "An inter-ministerial group (IMG) on July 25 …
Miners are now pressuring the state government to lift the export ban to boost their business A two-year old ban on iron ore exports from Karnataka which has halved shipments from the world's No. 3 supplier will be the focus of an industry gathering in Bangalore as pressure mounts for …
When the anti-Posco brigade celebrated the seventh anniversary of their agitation against the mega steel venture of the South Korean behemoth at Dhinkia near Paradip in Odisha last week, the noise they made against the project was drowned by the murmurs of a split in their ranks. After fighting against …
The Odisha government on Tuesday assured top Posco India officials that the tripartite pact to enable renewal of lapsed Memorandum of Understanding (MoU) is in the final stage and is set to be executed soon. The tripartite agreement will involve South Korean steel giant Posco, its fully owned subsidiary- Posco …
Bhubaneswar: With the Rs 52-crore Posco India steel project getting delayed, a two-member team led by deputy managing director Ryi Chan met chief secretary Bijay Patnaik and IDCO chairman and managing director PK Jena to discuss the progress in taking up the construction work and the preparedness to renew the …
Optimistic of acquiring the remaining 700 acres for construction of an 8-million tonne per annum (mtpa) steel project by South Korean major Posco near Paradip, the State Government on Tuesday said it was all set to enter into a tripartite agreement for establishment of the greenfield plant. But the original …
The Odisha Government will soon transfer about 2,000 acres of land to South Korean steel major POSCO to begin work on its USD 12-billion project near Paradip in Orissa, stuck for seven years now. “We have acquired 2,000 acres of land for POSCO. We have begun the process of land …
Bhubaneswar: After seven years of delay, the Posco steel project will start rolling soon as the Odisha government has started transferring around 1,500 acres to the Korean steel major to set up an 8-million tonne plant in the first phase, steel and mines minister Raghunath Mohanty said today. However, the …
With mega steel investors in Odisha facing a litany of hurdles beginning from land acquisition to grant of mineral concession, the Union steel ministry has sought information on action taken by the state government to ease their problems. The ministry will take stock of the concerns of steel investors ahead …
The seven-year wait to set up the greenfield steel project in Odisha’s Jagatsinghpur district may be over for Posco, the fourth-largest steelmaker in the world. The Odisha state government is all set to approve the much-awaited tripartite agreement with South Korean steelmaker and its subsidiary Posco India. The Memorandum of …
All formalities for signing of a tripartite agreement between Odisha government, Posco and its Indian subsidiary Posco-India has been completed and only Chief Minister Naveen Patnaik’s nod is awaited to go ahead with the process, according to state steel and mines and industries minister, Raghunath Mohanty. “Posco has agreed upon …
After a wait of seven long years, the greenfield steel project of Posco in Orissa’s Jagatsinghpur district may be a reality with the state government readying an instrument of renewal for the project. State Steel and Mines Minister Raghunath Mohanty said that an ‘instrument of renewal’ is being processed by …
After a delay of two years since the memorandum of understanding (MoU), signed between the State Government and Posco India for establishment of a steel plant near Paradip, lapsed in June 2010, process has started for signing of an instrument of renewal. Steel and Mines Minister Raghunath Mohanty said the …
A rugged, tree-covered mountain range sweeps vertically into a brilliant blue sky. Out of a cave on its western side gushes a natural spring, its lacy, white water tripping 244 metres over a sheer black-and-red cliff face to fall into a blissful rock pool, before cascading further downhill. The site …
The State Government on Thursday said that a revised tripartite memorandum of understanding (MoU) with Posco and Posco India will be signed shortly. The swapping clause in the revised MoU will be modified wherein the company will be allowed to swap iron ores within the country through the Orissa Mining …
A three-member expert committee headed by former civil aviation Secretary K Roy Paul will review the environment ministry order that had okayed the environmental clearance granted to steel major Posco’s Orissa project, the country’s largest FDI venture. The National Green Tribunal (NGT) had in March suspended the government order that …
Bhubaneswar: Even as Posco India is prepared to go for construction at proposed plant site near Paradip in October, no fresh agreement has so far been signed between the Odisha government and the South Korean steel major. As the MoU for setting up the proposed 12 mtpa steel plant had …
