Anti-corruption crusader Anna Hazare on Friday opposed entry of foreign companies in the country, including steel major POSCO, saying such investors were exploiting the country's natural resources for their own gain in the name of setting up industries. ...
07:29 PM, Nov 30, 2012
Posco India, a subsidiary of South Korean steel major Posco on Tuesday said it is committed to its steel project in Odisha despite all the obstacles and delay. ...
03:21 AM, Nov 28, 2012
Bhubaneswar: An expert team reviewing the environmental impact assessment of Posco's proposed $12 billion steel plant in Odisha will submit its report by October, the team said in Bhubaneswar on Wednesday. "We will submit the report by October," team leader K Roy Paul said after visiting the project site in Jagatsinghpur district and meeting senior state officials in Bhubaneswar. The former civil aviation secretary said the panel led by him...
01:02 AM, Aug 23, 2012
Mumbai: After seven years of delay, the Posco steel project will start moving ahead soon as Odisha has started transferring around 1,500 acres to the Korean steel major to set up an 8-million tonne plant in the first phase, Odisha Steel and Mines Minister Raghunath Mohanty said on Wednesday. However, the minister did not specify a time frame under which the land transfer will be completed. Meanwhile, the state will...
06:11 PM, Jun 20, 2012
New Delhi: Yet another setback for South Korean multinational Posco's plans to build a steel plant in Odisha. The National Green Tribunal on Friday has suspended the environment clearance given to Posco a year ago by then Environment Minister Jairam Ramesh. Ramesh had appointed a special four-member committee and had given the environment clearance even though only one member Meena Gupta had voted in favour of the project. The bench...
06:57 PM, Mar 30, 2012
The National Green Tribunal on Friday suspended the environment clearance given to Posco Steel. ...
02:01 PM, Mar 30, 2012
New Delhi: There has been a setback for India's single largest FDI investment, the showcase Posco Steel plant to be set up in Odisha. The National Green Tribunal has suspended the environment clearance given to Posco Steel. The clearance was given a year ago by the then environment minister Jairam Ramesh. The National Green Tribunal noted, "Environment clearance stands quashed, fresh terms of reference must be issued." The Green Tribunal...
12:21 PM, Mar 30, 2012
The Prime Minister said that India will take proactive steps to improve the business climate in the country. ...
02:10 PM, Mar 26, 2012
Seoul: India on Monday stepped up defence, trade and security ties with South Korea. Prime Minister Manmohan Singh, who is in Seoul for the Nuclear Security Summit, held talks with his South Korean counterpart. Reportedly, South Korea has offered to sell nuclear reactors to India. The PM sought South Korea's support for India's quest to join international non-proliferation regimes such as the Nuclear Suppliers Group and the Missile Technology Control...
10:16 AM, Mar 26, 2012
Seoul: Investment from South Korea is a "priority" for India, visiting Prime Minister Manmohan Singh said on Monday, adding that the government was taking "proactive" steps improve the business climate and move forward with the Posco mega steel plant project in Orissa. "Investment from Korea is a priority for India. We will take proactive steps to address investor grievances and improve the business climate in the country. Many states of...
09:54 AM, Mar 26, 2012
Bhubaneswar: Odisha government on Friday shifted a top official over the clashes near the Posco site in which one person was killed. Priyabrat Patnaik was transferred from the post of chairman-cum-managing director of the Industrial Infrastructure Development Corporation (IDCO), state chief secretary BK Patnaik told reporters. He has been posted as additional chief secretary, pension and public grievances department. Pradeep Jena, secretary in Panchayati Raj department, has been given additional...
03:38 AM, Dec 17, 2011
Paradip: A man was killed and 25 others were injured on Wednesday in a clash between anti-Posco brigade and a private contractor over construction of a coastal road linking the steel plant site near Paradip. Jagatsinghpur SP S Devadutt Singh said crude bombs and other weapons were used by the clashing groups and a person, identified as Dijabar Swain (30) of Kujanga area, died in the violence. Two others, who...
09:12 PM, Dec 14, 2011
Paradip: Anti-Posco leader Abhaya Sahu was arrested in Tirtol area near Paradip in Jagatsinghpur district of Odisha, the police said. "Sahu, President of Posco Pratirodh Sangram Samiti (PPSS), was held by a police team at Nuapokhari last night when he was returning from Bhubaneswar to his village," IIC of Tritol police station Debadutta Kar said. The police team stopped Sahu's car on Manijanga - Erasama road near the proposed project...
10:24 AM, Nov 26, 2011
Mumbai: India Inc has lost its swagger. Slowing growth, stubbornly high inflation, rising interest rates, political gridlock, gloom in the West and a sliding rupee have conspired to dampen investor and corporate sentiment in Asia's third-largest economy. Share prices are down 20 per cent for the year, bad loans are on the rise, and companies are delaying big investments that would add much-needed industrial and infrastructure capacity. Leaders of some...
06:00 PM, Nov 18, 2011
Bhubaneswar: Posco India on Tuesday requested the Odisha government to expedite work at the project site of the 12 mtpa mega steel plant near Paradip. The requested was made by a delegation of Posco-India led by Posco-India CMD YK Yoon and company's Odisha project Director YK Kim when they met Industrial Infrastructure Development Corporation (IDCO) CMD Priyabrat Patnaik. Yoon particularly mentioned about the work on the approach road to the...
03:02 AM, Nov 09, 2011
Paradip: The barriers erected by villagers to cordon off South Korean steel major Posco's proposed steel plant in Orissa's Jagatsinghpur district have been removed, paving the way for site preparatory activities to resume on the much-delayed Rs 52,000 crore project. Work at the project site resumed on Saturday, after a gap of 25 days, when locals removed two bamboo gates erected by them at Gadakujang and Nuagaon following talks with...
04:04 PM, Sep 11, 2011
Paradip: Fresh efforts by officials to persuade villagers to allow resumption of work at the proposed Posco plant site near here failed, paralysing project related activities for the seventh day on Monday. Discussions were held with residents of Nuagaon in a bid to persuade them to give up their protest against tree felling, ground levelling and other works, Additional District Magistrate (Paradip), Surjit Das said. Three officials of Jagatsinghpur district...
07:04 PM, Aug 22, 2011
An ecological catastrophe is in the making in Orissa where more than six lakh trees are being cut at the POSCO site in Jagatsinghpur district for the south korean steel plant. The farmers in Orissa are protesting against the felling of six lakh trees at the POSCO site. More then 50,000 have already been cut down and nearly six lakh more trees are to go. The district administration is going ...
08:09 AM, Aug 08, 2011
New Delhi: The Supreme Court on Friday adjourned hearing on dispute on allocation of iron ore mines in 2,500 hectares in the Khandadhar hills in Orissa to South Korean POSCO, which has proposed to set up 12mtpa steel plant at an investment of Rs 51,000 crore in the state. A bench of justices RV Raveendran and AK Patnaik adjourned the matter after counsels appearing for the state government, Posco and...
09:25 PM, Aug 05, 2011
New Delhi: CNN-IBN has accessed the draft land acquisition bill. According to the draft, consent of 80 per cent of the project affected people is mandatory. The draft bill also has a provision for the land owners to get six times the registered price. If land prices go up, 20 per cent of the increased value should go back to land owners for 10 years. Rs 2000 per month will...
05:57 PM, Jul 23, 2011
