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 …

Posco project to take off soon

The $12 billion POSCO steel project in Jagatsinghpur district, Orissa is going to be operational soon, following revalidation of its environmental clearance. Read more about the controversial project that got final go-ahead from the environment ministry after eight years. RELATED CONTENT In-court : National Green Tribunal on Forest Clearance granted …

Fishermen Seek Intervention of NGT over Posco Port Plan

Fishermen have sought intervention of the National Green Tribunal (NGT) to stop setting up of the proposed Posco captive port near the Jatadhari river mouth. Apprehending that the port would have an adverse impact on environment and their livelihood, they have demanded that the NGT should not allow the company …

Green Nod for Posco, But It’s Still Red for N-Plant

MEA says site allotment for S Korea deferred due to pending projects South Korea’s first lady President Park Geun-hye has a lot to cheer about the environmental clearance to Posco’s Rs 52,000-crore steel plant project in Odisha after an eight-year delay, but she will be disappointed with Delhi’s decision to …

Odisha Paves Way for Posco to Prospect in Khandadhar

Approvals come ahead of South Korean president Park Geun-hye’s visit to India Odisha chief minister Na veen Patnaik has cleared the way for Posco to prospect the Khandadhar region, which has an estimated iron-ore reserve of 200 million tonnes, days after the central government removed a major hurdle faced by …

70 projects worth 1.5L cr okayed after Natarajan’s exit from MoEF

Ex-environment minister Jayanthi Natarajan may have dismissed speculation that delays in green clearances for several highvalue projects led to her ouster, but environmental nods to over 70 projects worth Rs 1.5 lakh crore in the past three weeks after her exit contradict her contentions. The projects cleared after she left …

Idco asks Posco to deposit Rs 54 cr towards forest land

The Industrial Infrastructure Development Corporation of Odisha (Idco), the land acquisition agency for the Posco's mega steel plant near Paradip in Odisha, has asked the chairman cum managing director of Posco-India to deposit Rs 54.21 crore towards the cost of the forest land required for the first phase of the …

Posco Clearance may be Opposed

Activists may move NGT against revalidation by ministry It may not be a smooth ride yet for South Korea steel major Posco’s integrated steel plant project in Odisha. The project’s forest clearance, currently pending before the National Green Tribunal, may not be the last hurdle for the South Korean company. …

Posco cleared, Vedanta loses bid for Niyamgiri project

Environment Ministry rejects Vedanta's plan to mine Niyamgiri The Union Environment Ministry has taken a decision in two high profile cases, rejecting the forest clearance for Vedanta’s bauxite mining project in Niyamgiri Hills of Odisha, and renewing the stand-alone environmental clearance for Posco’s eight million tonnes per annum steel plant. …

Environment nod to lift cost of Posco's India plant to $12.6 billion

Company has been asked to spend on 'social commitments', raising project costs by $600 mn The environment ministry has given its go-ahead to Posco's planned steel plant in the country, but has asked it to spend on "social commitments", a company spokesman said, raising the project's cost by $600 million …

Posco, biggest FDI, gets green flag after 8 long years

The environment ministry under Veerappa Moily has approved the $ 12.6 billion Posco steel plant in Orissa, the biggest foreign direct investment in India. The proposed 12 million-tonnes-per-year plant has been stuck for more than eight years due to delays in getting clearances and acquiring land. Top sources confirmed to …

Govt asks MoEF to fast-track 27 major infra projects

New Delhi : With a new minister in charge of the Ministry of Environment and Forests (MoEF), the government has swung into action to fast-track green clearances for key infrastructure projects. The Cabinet Secretariat has sent to the Veerappa Moily-led ministry a list of 27 major infrastructure projects that are …

Letter to M/s Posco India Private Limited from Ministry of Environment & Forests regarding revalidation of environmental clearance dated 7th January, 2014

Letter to M/s Posco India Private Limited from Ministry of Environment & Forests regarding revalidation of environmental clearance of Integrated Iron & Steel Plant (4.0 MTPA) with Captive Power Plant (4x100MW) at Kujang, Near Paradip, Jagatsinghpur in Odisha by M/s POSCO India Private Limited dated 7th January, 2014. RELATED CONTENT …

Green Revalidation May Revive Posco’s Odisha Project

The New Year has begun well for Posco India, reviving its dream of setting up a mega steel project in the state of Odisha. According to sources close to the company, a crucial revalidation of its environmental clearance has been granted. The company had resized its plans in 2013 because …

Moily Promises to Speed up Green Nod Process

New environment minister insists that ministry’s regulatory role will not be compromised Veerappa Moily took over as environment minister on Tuesday, the third in the last four and half years, promising to speed up decision-making without compromising on the ministry’s regulatory role. “There is space for everyone—environment, wildlife and mankind. …

Rivers, Wildlife, Sand Mining Engaged NGT in 2013

Dumping of waste into drains, saving flora and fauna and adherence to environmental norms by industries were issues that engaged National Green Tribunal which gave a blow to the construction sector by banning sand mining nation-wide without due clearance in the year 2013. Three years after its inception, the NGT …

Protests fail to stall Posco wall work

The boundary wall construction of Posco progressed on the third day on Monday despite protests by a section of anti-industry villagers at Nuagaon in Jagatsinghpur district. Around 250 villagers, including several women, held a protest meeting at Nuagaon to prevent construction of the boundary wall. They alleged that the authorities …

Posco asks Cabinet Secy to help renew green clearance

South Korean steel company Pohang Steel Company (Posco) has sought Cabinet Secretary Ajit Kumar Seth’s intervention in renewing the green clearance for its project in Orissa. The firm has said that South Korean President Park Geun-Hye is keen to participate in the ground-breaking ceremony of the Rs 53,000 crore project …

Lack of state approvals offsets SC’s mining ban relief, output crawls

Don’t blame just the industry for the country’s mineral production falling 2.5% in April-September, dragging down the overall industrial output and GDP. Seven months after the Supreme Court lifted the ban on iron ore mining for the majority of lease areas in Karnataka that accounted for 70% of the state’s …

Land acquisition under way for ultra-mega steel project

Decks have been cleared for India’s first 12-million tonne ultra mega steel plant (UMSP). State-run mining major NMDC, which has been named the nodal agency for the project by the Prime Minister-led National Manufacturing Competitiveness Council (NMCC), has started the process of acquiring land for the steel plant in Karnataka …

Tripartite pact with Posco in November, says minister

Meanwhile, a consensus has been reached among the two parties over swapping of iron ore within or outside the country The state government will sign a tripartite agreement with Posco and its Indian subsidiary Posco-India in late October or first week of November this year, which will replace the lapsed …

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