Odisha governemnt responsible for Posco uncertainty: Pradhan

Last Updated: Tuesday, May 26, 2015, 18:11

The iron ore mines for the project was sent just three days before the new MMDR Act came into being, by then it was clear that mines would be allocated through auction route following modifications in the law.

ArcelorMittal, SAIL to set up steel plant in India

Last Updated: Friday, May 22, 2015, 20:43

NRI billionaire Lakshmi Mittal-led ArcelorMittal on Friday partnered PSU giant SAIL to set up an automotive steel plant with an estimated Rs 5,000 crore investment, taking a fresh shot at entering India after nearly a decade-long wait for its earlier projects to take off.

Odisha govt asks Posco to pay land premium soon

Last Updated: Saturday, April 25, 2015, 20:54

The Odisha government on Saturday asked South Korean steel major Posco to make outstanding payment of about Rs 50 crore towards land premium and Rs 18 crore towards net present value for forest land diversion.

POSCO Q1 profit up 20%, low iron ore costs outweigh weaker steel prices

Last Updated: Tuesday, April 21, 2015, 13:00

That compared with 518 billion won in operating profit in the same period a year earlier, and 632 billion won in the October-December quarter.

Posco, SAIL in talks for setting up a steel plant: Govt

Last Updated: Monday, April 20, 2015, 16:07

"SAIL and Posco recently discussed possible collaboration opportunities including setting up of an integrated steel plant," Minister of Steel and Mines Narendra Singh Tomar told Lok Sabha in a written reply.

Centre rejects Odisha's request, for auction route for Posco

Last Updated: Thursday, April 9, 2015, 21:07

The Centre has rejected the Odisha government's request to consider its recommendation of granting prospecting license (PL) over Khandadhar iron ore reserve in favour of Posco India which proposed to set up a Rs 52,000 crore steel facility near Paradip.

Posco's mining linkage issue in Centre's court: Odisha

Last Updated: Saturday, March 28, 2015, 18:40

With uncertainty prevailing over Posco's Rs 52,000-crore mega steel project near Paradip, Odisha government says the ball is in the Centre's court with regard to raw material linkage for the South Korean firm.

Posco seeks refund from Odisha rail line undertaking

Last Updated: Friday, March 27, 2015, 23:11

Lee also said six employees have "voluntarily" resigned and denied it was any sign of Posco pulling out from the project.

POSCO's Finex plant to come to India

Last Updated: Wednesday, March 25, 2015, 20:00

World's fourth largest steel firm Posco will shift its first Finex plant to India from Pohang in South Korea.

Consensus needed for Posco project: Pradhan

Last Updated: Sunday, March 1, 2015, 22:47

Noting that lack of cohesion among stake holders delayed the proposed mega steel plant by Posco in Odisha, Union Petroleum Minister Dharmendra Pradhan today said a consensus was needed for implementation of the country's largest FDI project.

Posco: Odisha asks Centre to respect international commitment

Last Updated: Friday, February 6, 2015, 16:00

Odisha government on Friday 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".

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

Last Updated: Thursday, February 5, 2015, 21:49

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.