Posco

Posco News

 POSCO's Finex plant likely to be shifted to India after pact with MESCO
Business

POSCO's Finex plant likely to be shifted to India after pact with MESCO

Not able to take off its 12 million tonnes plant in Odisha, global Steel giant POSCO is likely to shift its first Finex plant to Kalinganagar, in the state from Pohang, South Korea after a definitive pact with homegrown steelmaker MESCO, which is scheduled by August.

Yet another Adani controversy: Co suspends 2 key contractors on biggest Aus coal project
Business

Yet another Adani controversy: Co suspends 2 key contractors on biggest Aus coal project

Adani Group’s 16.5 billion dollar coal mine project in Australia has hit another controversy after reports that the Indian mining giant suspended two major contractors, raising fresh speculation over funding even as the company blamed the move on delay in government approvals.

End of a $12 bn dream? After a decade of delays, Posco suspends Odisha project
Business

End of a $12 bn dream? After a decade of delays, Posco suspends Odisha project

Odisha mines minister, Prafulla Kumar Mallik, said his government remained keen to help Posco but had not heard from the company

Odisha blames Centre for uncertainty over Posco project
Business

Odisha blames Centre for uncertainty over Posco project

A day after Union Minister Nirmala Sitharaman sought to blame the state government for the uncertainty over Posco project, Odisha government today held the Centre responsible for the "present situation".

BJP demands Naveen Patnaik's statement on Posco steel plant
Politics

BJP demands Naveen Patnaik's statement on Posco steel plant

Accusing the Odisha government of being insincere towards implementation of the Rs 52,000 crore Posco steel plant, BJP on Monday asked Chief Minister Naveen Patnaik to clarify what his administration had done during last the ten years to make the mega project a reality.

Only benificiaries of land acquisition are big companies: Here's why
India

Only benificiaries of land acquisition are big companies: Here's why

The only beneficiaries of land acquisition are big companies. Everyone else — displaced communities, banks, the government, those needing infrastructure — will pay the price.

Odisha asks Centre to respect international commitment towards Posco
Business

Odisha asks Centre to respect international commitment towards Posco

Odisha government today said it would like the Centre to accept its recommendations in favour of Posco and termed Union Minister Narendra Singh Tomar's statement that the South Korean steel major too must participate in bidding in order to get mining lease, as "going back from international commitment".

Posco needs to bid for iron ore mining lease for $12 bn Odisha project
Business

Posco needs to bid for iron ore mining lease for $12 bn Odisha project

osco will have to bid in the upcoming auction to get an iron ore mine for its $12 billion steel project in Odisha, Steel and Mines Minister Narendra Singh Tomar said.

 POSCO CEO calls on PM Modi, discusses investment plans
Business

POSCO CEO calls on PM Modi, discusses investment plans

POSCO India CMD Gee Woong Sung and Korean Ambassador Joon-Gyu Lee also met the prime minister.

Adani Group awards $2 bn mining contract to Australian co Downer
Corporate

Adani Group awards $2 bn mining contract to Australian co Downer

Australian Engineering Group Downer EDI has won a $2 billion contract from Adani Group's Carmichael Coal Mine project in Queensland in one of the largest deals of its type signed in the country in recent years.

Adani-POCSCO enter JV to construct terminal in Australia
Corporate

Adani-POCSCO enter JV to construct terminal in Australia

Adani Group's Australian subsidiary today said it has signed an MOU with a South Korean steel giant for the construction of a new strategic terminal at Abbot Point coal port to export high-quality coal globally at competitive rates.

Centre looking at proposal to grant prospecting licence to Posco
Corporate

Centre looking at proposal to grant prospecting licence to Posco

The official said that the Odisha government is still torenew the pact for setting up the plant at Jagatsinghpurdistrict.

'Make in India' takes a step backwards: Govt delays Posco's Odisha mining licence
Corporate

'Make in India' takes a step backwards: Govt delays Posco's Odisha mining licence

The mine ministry's website showed the status of Posco's request to explore iron ore over an area of 6828.54 hectares as "rejected/returned"

Delhi HC seeks report on sexual assault cases against minors
India

Delhi HC seeks report on sexual assault cases against minors

The Delhi High Court on Friday sought a report about the number of pending sexual offence cases involving minors as victims.

Adani Mining taps POSCO to build rail line for $15bn Australian coal project
Corporate

Adani Mining taps POSCO to build rail line for $15bn Australian coal project

The cost and other details of the contract to build a 388 kilometre rail line for the Carmichael coal mine in the eastern state of Queensland will be set by the end of 2014 under a binding agreement signed on Thursday

Delhi shocker: 15-yr-old girl gangraped by classmate, 4 others
India

Delhi shocker: 15-yr-old girl gangraped by classmate, 4 others

A 15-year-old girl was allegedly gangraped by five youths in southeast Delhi's Sangam Vihar area, police said today, adding that all the accused have been arrested.

Anti-POSCO body to observe Black Day on 9th anniv of MoU
India

Anti-POSCO body to observe Black Day on 9th anniv of MoU

PPSS president Abhay Sahu alleged that there had been systematic attempts to foil the democratic movement against Posco project by the state government.

A quick green nod: Modi govt to okay projects worth Rs 80,000 cr
Politics

A quick green nod: Modi govt to okay projects worth Rs 80,000 cr

The new Modi-government has already started making headway into matters that were being stalled by the UPA in their term. Minister of State (Independent charge) for Environment Prakash Javadekar, on Thursday, has promised "fast clearance" for Rs. 80,000 crore worth of projects.

Centre seeks Odisha's response on iron ore lease to Posco
India

Centre seeks Odisha's response on iron ore lease to Posco

The Centre has sought response from the Odisha government on grant of iron ore licence to South Korean steel giant Posco for its Rs 52,000 crore steel project involving the largest ever FDI in India.