Page 3 - Posco

Sluggish market may delay Posco decision on investing in India steel plant

India will be adding 20 mt of annual capacity in the next five years

Govt to amend Pocso Act, extend protection to minor male victims

Gandhi said following the petition, she had in September 2017 instructed the National Commission for Protection of Child Rights (NCPCR) to look into the issue

Posco continues to be cautious on India's greenfield steel plant

ArcelorMittal too tried setting up a greenfield plant around the same time as Posco, in Odisha first, then Jharkhand and finally Karnataka

Posco inks Rs 5,000 cr MoU to lift one mn tonnes of HR products from Essar

MoU is the fourth such signed between the two firms; Posco says pending matter over Essar Steel's ownership hasn't impacted supplier's performance

POSCO third-quarter operating profit rises 9%, meets forecasts

The world's fifth-biggest steelmaker said that consolidated operating profit was $1.01 billion in the third quarter

Odisha pulls the plug on Posco project, hope brightens for rival JSW Steel

State cancels land allotment, says it lay idle for 3 years as Posco didn't show interest in project

Tough task ahead for Odisha govt to take possession of Posco land

Even as the exit of Posco from Odisha has thrown up questions about the use of the land acquired for the steel project of the company, the intent of the state government to bring it under a land pool for forward transfer to another industry is likely to face with fresh round of resistance from anti-industry lobby in the area. Posco Pratirodh Sangram Samiti (PPSS), which spearheaded the agitation against land acquisition for the Posco project for over a decade, has vowed to resist any attempt of the government to allot the land to any industrial house. "We will resist the move by the government to hand over the land to another company after Posco's exit. As was the case in Singur, let the Odisha government should return the land to the villagers who were drawing their sustenance from paddy and betel leaf cultivation and fish ponds on the designated site, before it was snatched away from them for the Posco project", said Abhay Sahu, PPSS leader. But unlike Singur, the 2700 acres land ...

If one goes, others will come: Piyush Goyal on Posco exit

Goyal said the Centre is working with state govts to make things simpler for entry of new companies

Steel major POSCO offers to return land to Odisha government: Minister

The steel major had also not taken any step to renew its MoU with the state government

Posco closes last chapter in Odisha project

Its official now. South Korean giant Posco has scrapped its plan to set up a 12 million tonne steel mill in Odisha and has written to the state government stating its intention to surrender the land allotted to it for the project near the port city Paradip. This is the second big ticket FDI project to leave the state after Arcellor Mittal walked out of its Odisha project, also of 12 million tonne capacity, in 2013. "We have received a letter from Posco expressing its intention to surrender the land allotted to it as it is not in a position to pursue the project", said an official of the state industries department. Though all activity on Posco's proposed 12 billion dollar steel plant in the state had come to a halt two years back leading to speculation of the company pulling out of the venture, both Posco and the Odisha government had denied it in public. In this backdrop, Posco's letter is seen as the first official communication establishing scrapping of the project. Posco had ...

Posco posts weak Q2; sees long-term benefit from China steel reforms

Chinese steel prices have surged around 36% this year, helping many Chinese producers swing to a profit from heavy losses in 2015

Posco offers lifeline to Uttam Galva promoters

China's Tidfore may pick stake in three-way venture

Unable to execute Odisha project at this stage: Posco

South Korean steel major says it is yet to receive land and forest clearance for 12 mtpa plant

Project in Odisha is over, says Posco

Says current extension of environmental clearance too short for completion and it wishes to end the entire idea; NGT notes development and says appeal before it to stop their long-stuck plan becomes infructuous