'If you want a bright future of Bihar and your children, I urge you not to vote for anyone with a criminal background or corrupt candidates even if they belong to your caste.'
Industrialist Gautam Adani-led Adani Group has signed a pact with South Korea's Posco to explore business opportunities in sectors like steel, renewable energy among others. Both the entities have signed a memorandum of understanding (MoU) to this effect. In a statement on Thursday, Adani Group said the investment under the MoU is estimated to be up to $5 billion.
Posco will have to bid for an iron ore licence to feed its plant.
South Korean steel company Posco has started an Indian subsidiary, Posco India, which will be based in Bhubaneswar, Orissa.
Posco Pratirodh Sangram Samiti has re-erected barricades to block the entry into the site
Resentment is also brewing over the fact that instead of employing locals, peripheral development work has been entrusted to outsiders.
After signing a deal for Rs 52,000 crore (Rs 520 billion) steel project in Orissa, Korean steel major Posco on Thursday got into a public relations disaster when the entire national media waked out of its press conference.
Posco-India, the Indian subsidiary of South Korean steel major Posco, would play a major role in powering Orissa's economy as per a recent study conducted by the National Council of Applied Economic Research.
Instead of waiting for the government to do everything , the company has formed a crack team to persuade the villagers' opinion in their favour
The state government had recommended prospecting licence in favour of Posco-India thrice, but was unable to get them through.
A year after Jairam Ramesh's final environmental clearance, Korean giant waits for state govt to hand over land.
The government is keen to amend the MMDR Act for transparency in the mining sector.
Posco is among several corporations, including Vedanta Resources, to come under scrutiny from Ramesh, putting his ministry in a perceived open conflict with the corporate sector.
South Korean steel giant Posco has narrowed down on Sanand (Gujarat) for setting up its steel coil unit at an investment of $20 million.
Posco's mega steel plant in Orissa is inching forward with the Union Ministry of Environment and Forests clearing a proposal under which Posco will plant trees on an area equivalent in size to the forest land where the project is coming up.
Posco-India, which has proposed to set up a Rs 52,000 crore (Rs 520 billion) steel project in Orissa, awarded annual scholarships of $500 to 35 students from three leading universities in Orissa.
The 2,500-hectares lease included both notified and non-notified areas.
South Korean envoy described the Posco investment as the biggest FDI project in India.
The Steel Ministry on Wednesday said it may seek from the Environment Ministry speedy clearance to Posco's Rs 54,000 crore (Rs 540 billion) project in Orissa.
The company's Rs 54,000-crore (Rs 54-billion) steel project in Orissa had run into trouble with the ministry over alleged violation of environment norms.
The villagers, prompted by anti-Posco brigade, opposed the household survey in the village stating that the scope of the survey should only include the government land and not the private land.
Ten betel vine plantations were dismantled in the first few hours without any resistance from locals, official sources said, adding that payments would be made soon.
Amid tension in proposed Posco plant area where three anti-project activists were killed on Saturday night while allegedly making bombs, Odisha government on Sunday resumed land acquisition for the mega steel project.
South Korean steel giant Posco has begun the feasibility study for its proposed Rs 52,000 crore (Rs 520 billion) steel project in India while keeping out its mining partner BHP Billiton from the detailed study besides kick starting the process of for
The Korean company's proposed 12 million tonne per annum project at Jagatsinghpur district in Odisha is stalled for about a decade.
The villagers who support the Posco project had also invited Ramesh to visit the proposed plant site to assess the truth behind their rivals' claim about the Rs 52,000 crore (Rs 520 billion) mega steel plant.
The protest against the Posco project in Orissa has intensified with anti-Posco agitators taking hostage three Posco officials at the project site near Paradip in Orissa.
The Supreme Court on Friday cleared South Korean steel major Posco's plans to set up a Rs 51,000 crore (Rs 510 billion) mega steel plant and captive minor port in Paradeep, Orissa.A special environmental bench headed by Chief Justice K G Balakrishnan allowed Posco India Pvt Ltd, a subsidiary of Korea-based Posco, to go ahead with the project, for which an agreement was signed with Orissa government on June 22, 2005.
Land acquisition for the South Korean steel major Posco's proposed steel plant near Paradip was completed on Thursday with the Odisha government demolishing 25 more betel vines at Gobindpur village, official sources said.
Is it inconsistency in policy, or the lack of robust support?
Villagers protesting the location of South Korean steel major Posco's proposed 12 million tonne steel project near here blocked all major roads leading to the project site after Orissa government issued land acquisition notice.
Billed as India's biggest foreign direct investment, the Posco has been delayed by more than five years due to protests by farmers who are agitating against giving up their fertile agricultural land.
Posco India is open to realigning its project area and one of the options could be to the south of the site.
Two of the world's leading steel-makers, ArcelorMittal and Posco, had proposed to invest Rs 91,000 crore (Rs 910 billion) for setting up mega steel units in Orissa, but their actual investment was negligible even about half a decade after signing MoUs with the state government.
The Bharatiya Janata Party on Wednesday held the Orissa government responsible for the non-implementation of the Rs 51,000 crore (Rs 510 billion) Posco steel plant project.
PPSS leaders said they have been demanding stoppage of survey work, but the administration has ignored their pleas.
Sources told PTI that the Environment Ministry's Expert Appraisal Committee of Coastal Regulation Zone at a meeting asked Posco to give additional information on the captive port near its proposed 12 million tonnes per annum plant in Jagathsinghpur in Orissa that is also awaiting green nod.
A committee set up by the Environment Ministry to look into forest and environment issues involving the Korean steel giant Posco's Rs 54,000- crore (Rs 540 billion) project in Orissa will submit its report on October 18.
This follows the MoEF's final nod for diversion of 1,253 hectares of forest land for the project last Monday.
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