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Settle Posco's ore lease issue without delay: Centre to Odisha

Last Updated: Sunday, April 06, 2014, 14:15

The development comes in the wake of a high-level panel's meeting last month. The committee was formed to address issues impeding mega projects in the steel sector.

Settle Posco`s ore lease issue without delay: Centre to Odisha

Last Updated: Sunday, April 06, 2014, 13:20

The Centre has asked the Odisha government to resolve without delay the issue of giving iron ore lease to Posco`s Rs 52,000-crore steel project, the largest ever FDI in India.

'Development on Rs 52K cr Posco proj likely only after polls'

Last Updated: Sunday, March 23, 2014, 18:54

The wait for South Korean giant Posco to start its Rs 52,000 crore Odisha steel project, involving the largest-ever FDI in India, may get longer as the state government is not expected to transfer the required land to it till after the Lok Sabha polls are over in Mid-May.

New POSCO CEO says to shun major investments, shed non-core assets

Last Updated: Friday, March 14, 2014, 10:43

POSCO`s new chief executive said the South Korean steelmaker will sell non-core assets and list some affiliates to shore up its balance sheet, shying away from major new investments in a marked break from his predecessor`s strategy.

POSCO Q4 profit misses forecast on stronger won, weak demand

Last Updated: Tuesday, January 28, 2014, 14:41

South Korean steelmaker POSCO , backed by billionaire investor Warren Buffett, reported a smaller-than-expected 29 percent gain in quarterly operating profit as the stronger won and weak demand sapped steel prices.

Posco not to cut trees till Odisha gives forest clearance: NGT

Last Updated: Friday, January 24, 2014, 16:53

The National Green Tribunal Friday directed that South Korean major Posco will not cut any trees in a village in Odisha for developing its Rs 51,000 crore steel project till the state government gives the final forest clearance.

Odisha Minister blames Posco, district officials for agitation

Last Updated: Sunday, January 19, 2014, 23:42

Odisha minister alleged section of officials of Posco and Jagatsinghpur administration were responsible for agitation by group of people demanding a hike in the compensation paid to land losers.

'Posco green nod will enthuse Korean cos to invest in India'

Last Updated: Friday, January 17, 2014, 16:41

India's environment clearance to the Rs 52,000 crore Posco steel project will inspire other big companies to invest in the country, Korea said today.

Posco steel plant in Odisha to be operational in few weeks: PM

Last Updated: Thursday, January 16, 2014, 16:34

The much-delayed USD 12 billion Posco steel project in Odisha is set to be operational in the next few weeks and granting of mining concession to the South Korean firm was in an advanced stage of processing, Prime Minister Manmohan Singh said on Thursday.

Govt to expedite clearances to $12 bn Posco project: Sharma

Last Updated: Wednesday, January 15, 2014, 17:34

Government is working to expedite clearances to USD 12 billion project of steel major Posco in Odisha that was awarded environment clearance last week, Commerce and Indutry Minister Anand Sharma said Wednesday.

Odisha govt to sign fresh agreement with Posco

Last Updated: Saturday, January 11, 2014, 22:45

Optimistic about progress of Posco's Rs 52,000 crore steel project, Odisha government today said it would sign a fresh tripartite agreement with the South Korean steel major as the validity of the original MoU lapsed three years ago.

Agitation during South Korean President Park`s visit

Last Updated: Saturday, January 11, 2014, 17:40

Rejecting environmental clearance for Posco`s s 52,000 crore steel plant project in Odisha, anti-displacement activists today decided to challenge it in the National Green Tribunal besides demonstrating during South Korean President Park Geun-Hye`s visit to India.