Odisha may offer Posco the JV option with OMC

Last Updated: Tuesday, August 25, 2015, 19:07

Prime Minister's Principal Secretary Nripendra Misra on Tuesday held a meeting with Mines Secretary Balvinder Kumar, Steel Secretary Rakesh Singh, Odisha Chief Secretary G C Pati and Posco India CMD Gee Woong Sung on the steps that can be taken to save the project, sources said.

Tripartite meet on Posco project on August 25: Minister

Last Updated: Saturday, August 22, 2015, 22:08

The much-awaited tri-partite meeting on the country's biggest FDI project proposed by Posco is scheduled to be held in New Delhi on August 25, Odisha Steel and Mines Minister Prafulla Kumar Mallick said Saturday.

Odisha to nudge Centre on Posco issue

Last Updated: Thursday, August 20, 2015, 21:15

The decision in this regard was taken at a high level meeting chaired by Chief Minister Naveen Patnik and attended by Steel and Mines Mminister Prafulla Kumar Mallick.

Posco, Uttam Galva to set up $3-bn steel plant in Maharashtra

Last Updated: Tuesday, August 11, 2015, 19:57

It will initially build 1.5 million tonne per annum (MTPA) plant with a new technology from Posco at a cost of about USD 1.5 billion.

Posco's Finex plant likely to be shifted to India by Oct

Last Updated: Monday, July 27, 2015, 15:45

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.

Posco's Finex plant likely to be shifted to India by Oct

Last Updated: Monday, July 27, 2015, 15:45

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.

'Adani suspends 2 key contractors on biggest Aus coal project'

Last Updated: Wednesday, July 22, 2015, 23:44

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.

Posco shifts focus from Odisha project citing 'no progress'

Last Updated: Friday, July 17, 2015, 21:15

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

Posco suspends $12 billion Odisha project

Last Updated: Thursday, July 16, 2015, 21:00

South Korean steel giant Posco has put on hold its USD 12 billion steel project in Odisha due to delays in various regulatory approvals.

Not quitting Odisha: Posco

Last Updated: Thursday, July 16, 2015, 18:55

The company is reducing its unused office space and other expenditure as part of massive global cost restructuring programme, said a person in the know of developments.

POSCO says to exit unprofitable businesses as weak steel demand caps profit growth

Last Updated: Wednesday, July 15, 2015, 13:53

South Korea`s POSCO said it would shut down unprofitable local and overseas businesses as part of a restructuring plan aimed at boosting profit growth in the world`s sixth-largest steelmaker as global demand for steel remains weak.