POSCO

No Posco, but 3L trees axed for project

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 …

Environmental clearance to POSCO project

Ministry of Environment & Forests (MoEF) had granted environmental clearance on 19.7.2007 to an integrated iron and steel plant by M/s POSCO - India Pvt. Ltd. in Orissa subject to various environmental safeguards. Based on the reports submitted by a four member Committee, additional conditions were stipulated on 31st January, …

Tribunal Scraps Green OK to Jindal Project

India's environmental and tribal activists have scored another victory over companies looking to start mining and related projects in the mineral-rich and densely forested regions of the country. Late Friday, a green tribunal has struck down an environmental clearance granted to Jindal Steel & Power Ltd. to mine coal at …

POSCO’s steel dreams laid to rust

On 30 March 2012, the National Green Tribunal (NGT) delivered a judgment that has sent India’s largest FDI back to the drawing table. In the landmark order, the NGT suspended the conditional environment clearance granted last year, and directed the environment ministry to carry out a ‘fresh review’ of the …

Rights panel visits Posco site

Jagatsinghpur: A team of National Human Rights Commission (NHRC), led by its member Satyabrata Pal visited Dhinkia, Nuagaon and Gadakujanga panchayats in Jagatsinghpur district today to investigate into the incidences of human rights violation in the proposed Posco site area. The team visited Polang and Noliasahi villages of Gadkujang panchayats. …

Owners, workers of land lost for Posco project despair at latest stall

Kalindi Das, 48, a labourer in this region where Korean giant Posco has proposed to set up its mega steel project, earned Rs 250 per day as wage till June last year. Today, he has no regular source of income. Kalindi worked in a betel vine plantation for his living. …

MoEF told to review clearance to Posco

The National Green Tribunal (NGT) has asked the ministry of environment and forests (MoEF) to review its clearance granted to Posco. This is being seen as a further setback to the South Korean giant, especially since NGT has suspended the “conditional” clearance and insisted Posco to seek a fresh clearance. …

Posco favours dialogue over legal action

South Korean steel maker says will take steps after consulting ministry South Korean steel maker Posco is opting for dialogue and negotiation, rather than a legal route, to sort things out, after the National Green Tribunal suspended the environmental clearance for its $12-billion project in Orissa. Sources close to the …

Land undervalued to favour industries: CAG

BHUBANESWAR: The State Government has shown undue favour to promoters of industries to the tune of Rs 224 crore by under-assessing the value of private land resulting in low compensation to the land losers. Pointing out the erroneous fixation of land price, the Comptroller and Auditor General (CAG) said over …

Orissa misused law to acquire land for industrial houses: CAG

The Comptroller and Auditor General (CAG) has unearthed a land scam in Orissa where the state government acquired land for industrial houses like Vedanta and Posco by reportedly misusing existing provisions of the Land Acquisition Act. The CAG also found that the companies were not using the land for which …

Green panel suspends Posco's environmental clearance

The directive puts the current single-largest FDI in the country at risk Within days of Prime Minister Manmohan Singh’s assurance to South Korea that all was well with the $12-billion Posco project, the situation has taken a new turn. In a major setback to the South Korean steel giant, the …

Naveen government has misused Land Acquisition Act, says CAG

The Comptroller and Auditor-General of India has found that the Naveen Patnaik government has ‘misused' the Land Acquisition Act for acquiring land for several big industrial projects, including the proposed mega steel plant by South Korean steel major Posco. “Emergency Provisions of Section 17 (4) were misused and applied arbitrarily …

Posco faces fresh green tribunal hurdle

Placing fresh hurdles before India’s biggest FDI project — Rs 50,000 crore Posco Integrated Steel Plant in Odisha — the National Green Tribunal (NGT) on Friday suspended the final 2011 environmental order of the then environment minister Jairam Ramesh in favour of the Korean giant. The NGT did not cancel …

Posco project in trouble as Green Tribunal suspends environmental clearance

It seeks fresh review by experts, new conditions, compliance with deadline The Rs.51,000-crore Posco steel project in Odisha is back in limbo with the National Green Tribunal suspending the Environment Ministry's nod for the country's single largest FDI venture. The government has been told to have a fresh review conducted …

Tribunal Suspends Approval of Posco Steel Project in India

An Indian tribunal dealt a fresh blow on Friday to a long-delayed, high-profile steel project proposed by the South Korean company Posco by suspending its environmental approval and directing regulators to review the project again. The decision by the National Green Tribunal comes more than a year after the Indian …

Green tribunal denies nod for Posco project

The Rs 50,000-crore Posco steel plant in Odisha hit a snag after the National Green Tribunal denied clearance to the project. The Tribunal held that the project will remain suspended till the Environment Ministry reviews it afresh. It pointed out that while the memorandum of understanding between the Odisha Government …

POSCO judgment of National Green Tribunal

On March 30, 2012, the National Green Tribunal held in Prafulla Samantra and Anr. vs Union of India and Ors. that the 31.1.2011 final order of the Environment Ministry – permitting the POSCO project to go ahead with certain conditions – should be suspended until a full review of the …

Judgement of the National Green Tribunal regarding the Forest Clearance granted to POSCO in Jagatsinhpur district of Orissa by the MOEF, 30/03/2012

Judgement of the National Green Tribunal in the matter of Praffula Samantra Vs Union of India and Others dated 30/03/2012. This appeal is filed against the final order dated 31.1.2011 of the Ministry of Environment & Forests, imposing additional conditions to the Environmental Clearances in respect of (i) steel cum …

PM invites Korean investments in solar, nuclear sectors

Prime Minister Manmohan Singh today asked South Korean businessmen to help India expand its burgeoning solar and nuclear power sectors by investing in these environment-friendly technologies. "We are committed to increasing energy efficiency and the share of renewables, including solar and nuclear power, in our energy mix," Singh told a …

Manmohan Assures South Korea on Implementation of Posco Project

Prime Minister Manmohan Singh on Sunday assured South Korean President Lee Myung-bak on the implementation of the $12-billion Posco steel project in Odisha. During the bilateral talks, Singh told Lee that there was progress on the Posco project, which has been dubbed as the single largest foreign direct investment in …

Orissa govt acquiring land for Posco

The Odisha government is gradually acquiring land for Pohang Steel Company (Posco) and now wants the company to begin its work on the already acquired land said Sunil Bhargav, Principal Resident Commissioner, Odisha while updating Pulok Chatterji, Principal Secretary in the PM’s office. Chatterji had called Odisha chief secretary Bijay …

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