Tag: Posco

Bumpy ride for South Korean steel major Posco’s mega steel project in Jagatsinghpur district is likely to last. Source said Odisha Industrial Infrastructure Development Corporation (Idco) has written letters to both the local administration and the company mentioning of taking back the 1703 acres of land, which were acquired for the project

South Korean steel maker Posco is planning to set up a steel plant in Kalinganagar of Jajpur district jointly with Mesco Steel, said sources on Thursday

Even as the signing of MoU between Odisha government and South Korea-based steel behemoth Posco was done nine years ago for setting up of a $12 billion steel plant in the state, the project work is yet to take off. Here are the few reasons that were mentioned in a secret report of the Intelligence Bureau (IB), which was submitted to PMO and Home Ministry. The news TV channel has got an access to the part of the report

All eyes will be on National Green Tribunal’s (NGT) scheduled hearing Monday on its status quo, the green panel had imposed last May on the felling of green trees at Posco’s proposed steel plant site near Paradip in Jagatsinghpur district

Author and activist Arundhati Roy on Sunday said that in an age of coalition, options are wide open before people and they should not fall into trap of Narendra Modi or Rahul Gandhi

Bhubaneswar: The Sajan Jindal-led JSW today said it might set up a 10mtpa capacity greenfield steel mill in Odisha, preferably in the location earlier chosen for Posco plant. JSW chief Sajan Jindal said this after meeting Odisha Chief Secretary A P Padhi here this evening. “We are interested to set up a 10 mtpa steel […]

Bhubaneswar: Altogether three companies that had signed MoUs with the Odisha government for setting up steel plants have withdrawn their projects from the state, the Assembly was informed today. Eleven others have not yet started work for setting up steel plants, steel and mines minister Prafulla Mallick told the Assembly. Stating that work on 35 […]

Bhubaneswar: The Odisha Government today said it has no plan to utilise the land acquired for Posco’s proposed mega plant near Paradip for any other purpose after the South Korean Steel major reportedly announced temporary freezing of the Rs 51,000 crore project. “The Posco authorities who proposed to set up a 12 MTPA greenfeild steel […]

At least six major industries have pulled back their projects from Odisha while South Korean steel player Posco has temporarily put its plan of setting up a 12-mtpa greenfield steel plant near Paradip on hold, the state government today said

Bhubaneswar, Apr 8 (PTI) Keeping aside the setback due to non-implementation of Rs 52,000 crore greenfield steel project of Posco, South Korea today expressed its interest to invest in India including Odisha. “Posco project unfortunately has not developed well. But, after 10 years of time, may be, we have to think more creatively,” South Korean […]

Bhubaneswar: With uncertainty prevailing over Posco’s Rs 52,000-crore mega steel project near Paradip, The State government said the ball is in the Centre’s court with regard to raw material linkage for the South Korean firm. “The State government has complied with all the queries of the Centre regarding its recommendation of prospecting licence (PL) in […]

New Delhi: South Korean steel company Posco’s CEO Kwon Oh-Joon called on Prime Minister Narendra Modi here today and is believed to have discussed new investment plans in Gujarat and Maharashtra, besides its much-delayed USD 12-billion Odisha project. “Posco officials, who called on the Prime Minister today, discussed with him the company’s India investment plans […]

Strongly condemning the ordinance on Land Acquisition Act 2013, Posco Pratirodh Sangram Samiti (PPSS) today said the NDA government's effort is clearly to appease interest of corporate forces at the cost of life and livelihoods of farmers

Opposing the Odisha government's recommendation of mining lease in favour of POSCO project, the CPI-backed POSCO Pratirodh Sangram Samiti has decided to observe Black Day on June 22 marking the 9th anniversary of the state signing MoU with the South Korean steel major in 2005

The Odisha government's move to allow Posco project to draw water from rivers like Mahanadi and Hansua is facing opposition from activists