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 …
Industry calls for "flexible transparent" allotment policy WAR AGAINST LAND RIGHTS: Anti-POSCO activists demonstrating in front of the company's office in Bhubaneswar in Orissa. Except in States that have built up huge land banks over the years, the inordinate delay in the completion or commissioning of mega projects has caused …
Bhubaneswar: Tension continued to grip the Posco project site in Jagatsinghpur on Sunday as 26 people were arrested for allegedly killing an anti-land acquisition activist. The anti-land acquisition brigade began observance of
I can still remember how people were dancing and kicking at the bamboo cordons and shouting "Posco Go Back', when we reached Balitutha, near Parikud in Orissa on April 1, 2008. People from many parts of the state, especially from the scene of anti-displacement struggles (including Kalinga Nagar), had joined …
pro- and anti- posco groups in Orissa clashed again. It is alleged that the hand of a 58-year old man of the posco -support group was chopped off on May 14 by project opponents led by the posco Pratirodh Sangram Samiti (ppss). ppss has been actively protesting posco's 12 million …
The Orissa government is all set to recommend the Khandadhar iron ore mines to South Korean steel major Posco. Its recommendation letter is likely to be dispatched some time in the first week of next month as all formalities related to the hand-over have been carried out. There were as …
India's largest iron ore producer and exporter, NMDC Ltd, may review exports to Japanese steel mills and South Korea's Posco in a bid to increase availability in the domestic market and restore the anomaly in net realisations from exports and domestic prices. Currently, domestic prices are higher than export realisations …
Little did I know that the seven of us would be branded "Maoists' when we set off for a protest rally against posco in Orissa on April 1. We had reached Bhubaneswar a day earlier and booked a taxi to Dhinkia, a hamlet 10 km off Paradip port. A local …
Making the situation more complex for the state government, activists opposing the Rs 12,000-crore Posco steel project at Paradip have formed a suicide squad. The Posco Pratirodha Sangram Samiti (PPSS), which is spearheading the anti-displacement movement, has formed the suicide squad with at least 50 members enrolled from Nuagaon panchayat, …
south Korean steel giant posco continues to face stiff public resistance in Orissa's Jagatsinghpur district where the company is setting up a 12 million tonne steel plant. On April 1, protesters violated the district administration's prohibition orders and entered the Balitutha bridge near the plant site. "This is our land …
Angered by government support for the POSCO steel plant, hundreds of protestors stormed police barricades in Orissa's Dhinkia. An eye-witness account by MANSHI ASHER APRIL 1, 2008. We are at Patna, a small village in Dhinkia panchayat of Ersama block in the East Coast of Orissa. Now referred to as
SOUTH KOREA'S POSCO said on Thursday it was considering a rise in steel prices, easing fears that rising raw material costs will hit its earnings, and lifting its shares to a four-week high. The company, the world's fourth largest steelmaker, also said it may bid for Daewoo Shipbuilding, which analysts …
Hundreds of people defied police and participated in a rally on Tuesday to reiterate their opposition to the setting up of a mega steel plant by Posco-India in Jagatsinghpur district of Orissa. Armed with traditional weapons, the locals and their sympathisers from other parts of the State reached the rally …
The Supreme Court on Friday asked South Korean steel major Posco to approach the Orissa government for allotting demarcated mining area for its proposed Rs 51,000 crore mega steel plant. A special environmental bench headed by Chief Justice K G Balakrishnan asked Posco India Pvt Ltd, a subsidiary of Korea-based …
One step forward and two steps backward. This apparently is how Posco's proposed mega Rs 51,000-crore steel plant in Orissa has progressed for last three years. Unable to overcome the opposition, the South Korean company and the Orissa government on Monday developed cold feet yet again, deferring their plans indefinitely …
Steelmaker POSCO-India on Monday dropped its plan to perform the groundbreaking ceremony for the proposed 12 million tonne per annum mega steel project in Orissa on April 1. The company had announced the date a few months ago after a meeting between Chief Minister Naveen Patnaik and Chief Executive Officer …
The arbitrary takeover of land is one of the country's biggest faultlines today. New legislation proposed by the government does little to fix this, says VIJAYAN MJ IN A recent interim order, the Supreme Court of India denied permission to British company Vedanta to mine the hills of Niyamgiri in …
This is the fifth sustainability report issued by POSCO. The report demonstrates the responsibility to the stakeholders and reflects the activities towards sustainable development. This report covers the operations related to sustainability management at Pohang Works, Gwangyang Works, Pohang Head Office and Seoul Office. Related data from the major subsidiaries …
The social cost benefit analysis approach allows an assessment of the impact of a project on the national economy unlike financial analysis, which looks at the impact of the project on the finances of the investors. For a project to be economically viable, it must be financially sustainable, apart from …
South Korean steel giant Posco's offer to invest Rs 52,000 crore in Orissa was the country's largest single foreign investment event ever and the excitement was palpable. The steel giant added to it by calculating the financial benefits for both state and central government over 30 years. It plotted out …
