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'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.

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.

Odisha to transfer land to Posco after clearance from NGT

Last Updated: Friday, December 13, 2013, 19:16

"The NGT has put a stay on the Posco project. We will be able to hand over land to Posco only after stay by NGT is vacated," Steel and Mines Minister Rajanikant Singh said in a reply in the state Assembly.

POSCO's global expansion plan hits India roadblock

Last Updated: Thursday, July 25, 2013, 08:53

POSCO, which reports its June quarter earnings on Thursday, is expected to show a nearly 40 percent drop in year-on-year profits.

Odisha completes land acquisition for Posco, asks for CSR plan

Last Updated: Thursday, July 04, 2013, 19:12

Land acquisition for the South Korean steel major Posco's proposed steel plant near Paradip was completed Thursday with the Odisha government demolishing 25 more betel vines at Gobindpur village, official sources said.

Land acquisition for Posco resumes, locals allege use of force

Last Updated: Friday, June 28, 2013, 20:26

In its bid to complete land acquisition for the proposed Posco project near here by first week of July, the Odisha government Friday resumed land acquisition amidst stiff opposition from villagers who alleged use of force to demolish their betel vines.

MoU with Posco will be ready in a months time: Chief Secretary

Last Updated: Friday, June 21, 2013, 22:54

With Posco project opponents, including the Left parties, preparing to observe Black Day tomorrow, Odisha government Friday said the draft of the fresh MoU to be signed with the South Korean steel major will be ready in a month's time.

Posco likely to soon become an independent regulator

Last Updated: Friday, May 31, 2013, 17:35

The government is likely to soon finalise a new organisational structure to make Posco, that manages electricity grids, an independent regulator.

Widow Posco project area threatens to commit suicide

Last Updated: Wednesday, May 29, 2013, 20:07

With the Odisha government continuing its demolition drive of betel vines here to acquire land for the Posco steel project, a 35-year-old widow today threatened to commit suicide in protest.

LA halted due to agitation by both supporters and opponents

Last Updated: Tuesday, April 30, 2013, 18:40

"We could demolish only two patches of betel vines and cut 54 trees today," Jagtsinghpur district collector S K Mallick told reporters as the officials wind up the day's work at the proposed plant site villages.

Posco land acquisition continues

Last Updated: Tuesday, April 23, 2013, 12:33

Land acquisition for the proposed Rs 52,000 crore Posco steel plant in Odisha's Jagatsinghpur district continued for the second day on Tuesday even as anti-project activists assembled in the vicinity for a showdown with the administration.

Posco expects to commission 8 mtpa steel plant in early 2018

Last Updated: Thursday, March 21, 2013, 19:59

The much delayed Posco mega steel plant in Odisha's Jagasinghpur district might be commissioned in 2018, the company said Thursday.