After unsuccessfully waiting for seven years to secure land, ArcelorMittal abandoned its 12-million tonne steel plant in Odisha citing unviability of the project. In a press release, the firm said the inordinate delays relating to land acquisition and allocation of captive iron ore blocks means this project is no longer viable
Tag: land
Post
Post
Posco shelves $5.3 bn steel plant project
Owing to its inability to secure land, South Korean steelmaker Posco cancelled its proposed $5.3 bn steel plant project in Karnataka. In an official communication, the firm said the delay in land acquisition has been prolonged and this prompted it to shelve the project. In June 2010, Karnataka government signed a preliminary agreement with the firm for the project. According to the agreement, the firm was to set up a 6 mn t
Post
Govt considering ore license for $12 bn steel project
Unconfirmed reports indicate that the union government is considering to provide an iron ore exploration licence to South Korean firm POSCO for its planned $12 billion steel plant in Jagatsinghpur, Odisha. Granting of this license may expedite the long-delayed steel project, which is said to be the largest forei
Post
APSEZ plans to set up shipbreaking yard at Mundra
Within the special economic zone (SEZ) limit of Mundra Port, Adani Ports and Special Economic Zone (APSEZ) proposes to set up a ship-breaking yard in about 40 hectare land. The Adani Group firm reportedly plans to set up the yard close to a boundary of the existing Mundra West Port in the next one or two years with an initial target of dismantling and recycling 40 ships every year
Post
Mumbai Port to earn rent from land given to BMC
Media reports indicate that the Mumbai Port Trust (MbPT) may earn Rs 10 crore rent from the Brihanmumbai Municipal Corporation (BMC) for leasing
a 2,200-sq-m plot on Reay Road for 30 years. MbPT would allot the land on a licence basis to the civic body for the proposed stormwater pumping station at the Britannia Outfall at RetiBunder on Reay Road
Post
Administration wants NHAI to spare land for airport project
In order to enable expansion of Mysore airport, the local administration asked National Highways Authority of India (NHAI) to spare a chunk of land while upgrading a stretch of NH-212 between Mysore and Nanjangud. The district administration asked NHAI to spare the stretch between Mysore and Kadkola and launch the upgradation works from Kadkola onwards, as it will help in airpo
Post
Indian economy may grow 6% in FY14: Deutsche Bank
A report by Deutsche Bank says the Indian economy may grow at a rate of 6 percent in 2013-14, compared to 5 percent in the previous financial year. The foreign brokerage expects the current account deficit (CAD), which touched a record high of 4.8 per cent in 2012-13, to decline to 3.8 per cent in the current financial year on the back of softening commodity prices
Post
High Court clears land acquisition for metro project
The transport department of the West Bengal government received clearance from the Calcutta High Court for the land acquired to implement a part of the East-West Metro project. The department acquired land for construction of Central Station at Bowbazar in the city under the metro rail project. However, residents of the area opposed the land acquisition arguing that the state government failed to anno
Post
Expert panel suggests renewal of green nod for Posco project
An Expert Appraisal Committee suggested the renewal of the environmental clearance for the proposed steel plant of the South Korean giant Posco at Jagatsinghpur, Odisha. Posco wants to set up a 12-mn tpa steel plant in the area. In the interim, it will be starting off with 4 mn tpa capacity and add another 4 mn t in the second phase. The committee
Post
GAIL gets interim relief from HC order
In an interim relief to Gas Authority of India (GAIL), the Madras High Court stayed an order passed by the Tamil Nadu government for removal of pipelines laid by the gas utility major in farm lands in the state. GAIL was laying pipeline in some farm areas of Tamil Nadu as part of its Kochi-Bangalore pipeline project. However, farmers raised objection to the project in the state and this prompted the state government to disallow the project