POSCO CEO calls on PM Modi, discusses investment plans

Last Updated: Tuesday, January 20, 2015, 18:19

South Korean steel company POSCO's CEO Kwon Oh-Joon Tuesday called on Prime Minister Narendra Modi and is believed to have discussed new investment plans in Gujarat and Maharashtra besides its much-delayed USD 12-billion Odisha project.

Posco may have to bid for mines to feed Odisha plant

Last Updated: Monday, January 19, 2015, 18:46

Caught between Odhisa's assurance and the Centre's ordinance for auction, South Korean major Posco's wait for getting mines to feed its 8 mtpa steel plant in the state is likely to be little longer than expected.

Adani, POSCO tie-up for new terminal in Aus to export coal

Last Updated: Wednesday, December 17, 2014, 16:48

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 examining ore lease proposal to Posco for Rs 52K cr project

Last Updated: Sunday, December 7, 2014, 11:14

"The Posco project work has not started. However, we are optimistic about implementation of the project," Odisha Steel and Mines Minister Prafulla Kumar Mallick told the state Assembly last week.

POSCO Q4 profit misses forecast on stronger won, weak demand

Last Updated: Tuesday, January 28, 2014, 14:41

South Korean steelmaker POSCO , backed by billionaire investor Warren Buffett, reported a smaller-than-expected 29 percent gain in quarterly operating profit as the stronger won and weak demand sapped steel prices.

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.

Odisha Minister blames Posco, district officials for agitation

Last Updated: Sunday, January 19, 2014, 23:42

Odisha minister alleged section of officials of Posco and Jagatsinghpur administration were responsible for agitation by group of people demanding a hike in the compensation paid to land losers.

'Posco green nod will enthuse Korean cos to invest in India'

Last Updated: Friday, January 17, 2014, 16:41

India's environment clearance to the Rs 52,000 crore Posco steel project will inspire other big companies to invest in the country, Korea said today.

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.

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.

Odisha govt to sign fresh agreement with Posco

Last Updated: Saturday, January 11, 2014, 22:45

Optimistic about progress of Posco's Rs 52,000 crore steel project, Odisha government today said it would sign a fresh tripartite agreement with the South Korean steel major as the validity of the original MoU lapsed three years ago.

Agitation during South Korean President Park`s visit

Last Updated: Saturday, January 11, 2014, 17:40

Rejecting environmental clearance for Posco`s s 52,000 crore steel plant project in Odisha, anti-displacement activists today decided to challenge it in the National Green Tribunal besides demonstrating during South Korean President Park Geun-Hye`s visit to India.