Posco shifts focus from Odisha project citing 'no progress'

Steel giant Posco has shifted its focus from the USD 12-billion proposed steel plant in Odisha citing "no progress" in the project.

Fresh blow to Posco as the firm needs to bid for ore mine

In a fresh blow to Posco, the South Korean steel major will be required to participate in auction to get iron ore mine to feed its USD 12 billion facility in Odisha instead of direct allotment as assured earlier.

$12 bn steel project still elusive for Posco

Posco has been given the green signal by Odisha to mine in the Khandadhar iron ore reserves in Sundargarh district for its Jagatsinghpur steel plant, but setting up the $12 billion project remains a distant dream as the company continues to face stiff resistance from the residents.

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

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 not to cut trees till Odisha gives forest clearance: NGT

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.

Posco gets environmental clearance for Rs 52K Odisha project

South Korean giant Posco has won environmental clearance to build Rs 52,000 crore steel plant in Odisha, ending eight years of wait for a project that would involve the largest-ever foreign direct investment in India.

Posco's planned Odisha steel plant gets environmental approval

"Yeah, I have cleared it," new Environment Minister M Veerappa Moily said here. "It (the approval) was given about a week back."

Posco's steel plant in Odisha has been cleared: Moily

The revalidation of the South Korean firm`s lapsed environmental clearance comes days before the country`s president, Park Geun-hye, visits India for four days starting January 15.

BoA to consider Posco's plea to give more time for Odisha SEZ

The Board of Approval (BoA) will consider on November 8 a proposal by Posco India Pvt Ltd seeking more time from the Commerce Ministry to set up Rs 52,000-crore multi-product SEZ in Odisha.

UN panel asks POSCO to halt $12-bn Odisha project

In another jolt to South Korean steel giant POSCO, a UN Human Rights panel on Tuesday asked it to immediately halt the USD 12-billion mega port-to-steel plant project in Odisha alleging possible displacement of thousands of people and disruption in their livelihoods.

Posco likely to begin work on $12-bn project soon: Odisha

The comment comes barely a few days after the world's largest steel maker ArcelorMittal scrapped its USD 12 billion project in the state, and Posco pulled out the USD 6 billion project in Karnataka.

Odisha close to finish land acquisition for Posco

"We require only 70 acre of land to reach the target of 2,700 acre of land for the purpose of Posco's mega steel plant in Dhinkia area," said Surjit Das, additional district magistrate (ADM) posted at Paradip.

Land clearing on in Posco site amidst protests

Paradip additional district magistrate Surjeet Das said a total of 15 betel vines were dismantled and 385 horticultural plants cut down during the day. "We also cleared a large chunk of kewda plantations by using excavators."

SC vacates stay on Posco, ask Centre to take call

The Supreme Court Friday set aside the Orissa High Court order which had quashed state government's petition to allot iron ore licence to South Korean steel major Posco in Khandadhar hills in Sundergarh district for a multi-crore steel plant.

Land acquisition underway for Posco plant

As many as ten betel vines were dismantled and more than 600 trees felled in Gobindpur area since yesterday with resumption of land acquisition, Additional District Magistrate, Paradip, Surjit Das said

Posco land acquisition resumes, company CMD meets official

Land acquisition for the Rs 52,000 crore Posco steel project resumed in Odisha's Jagatsinghpur district Monday after being suspended for about two-and-a-half months.

Posco may start work on stalled Odisha unit in a year

The Odisha government has already transfered around 1,700 acres to the company out of the 2,700 acres required for the plant in Jagatsinghpur district, he said.

Anti-posco women supporters go on dharna

They claimed that they feared a police crackdown after the end of the budget session in the assembly and that the presence of policemen was a cause of tension for women and girls at Gobindpur village.

Govt not to acquire land for Posco from Patana village

Odisha government has decided not to acquire any area for now at Patana village where three anti-Posco activists died while allegedly making bombs even as land acquisition for Posco steel plant in Jagatsinghpur district continued for the fourth day Wednesday.

Posco sets target to start production in Odisha plant

Steel giant Posco India has set a target of starting production within five years of acquiring the total land cleared for the first stage of the project in the state.