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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 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.

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.

Posco gets environmental clearance for Rs 52K Odisha project

Last Updated: Friday, January 10, 2014, 17:44

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

Last Updated: Friday, January 10, 2014, 15:20

"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

Last Updated: Friday, January 10, 2014, 12:50

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.

Posco begins boundary wall construction

Last Updated: Saturday, December 14, 2013, 21:45

The company requires 4004 acre to set up the 12 mtpa steel plant at an investment of Rs 51,000 crore.

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

Last Updated: Sunday, October 27, 2013, 14:31

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

Last Updated: Tuesday, October 01, 2013, 21:28

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'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.

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

Last Updated: Sunday, July 21, 2013, 11:23

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 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.