About 30 Special Economic Zone (SEZ) developers have been given six months to one year more time by the Union government to execute their projects. The decision was taken by an inter-ministerial Board of Approval (BoA) chaired by Commerce Secretary SR Rao in its meeting. Requesting for more time to implement their projects, Posco-India, Unitech Infracon and Lodha Dwellers have also made their requisition to the government.
Tag: Posco India
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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
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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
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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
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Odisha CM wants Posco to begin work on project
Odisha Chief Minister Naveen Patnaik has reportedly asked Posco India to begin work on the much-delayed 8 million tonne per annum (mn tpa) steel project in Jagatsinghpur district. However, the Indian arm of the South Korean steel maker faces two key problems for the proposed steel project. They are land and environment clearance
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Panel revokes green nod for Posco project
South Korean steel major Posco will have to take environmental clearance again for at least some part of its proposed Rs 54,000-crore integrated steel plant in Odisha as the statutory environment panel revoked the existing clearance. The company has been asked by the expert appraisal committee on industry to furnish detailed infor
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District officials acquire land for Rs 520 bn steel project
Local government official sources informed that the process of land acquisition for the proposed Rs 52,000 crore Posco steel plant in Odisha's Jagatsinghpur district was continuing peacefully. The district authorities are acquiring land from betel farmers and demolition of betel vines has reportedly reach
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Posco set to get land for steel project
According to a status paper prepared by the Odisha government, the Indian arm of South Korean steel maker Posco is set to get 1,554 acre land for its proposes steel plant in Jagatsinghpur district. The Indian arm of the South Korean firm plans to set up a 12-mn tpa greenfield steel facility near Paradip at an in
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Posco wants govt to revalidate green nod
Media reports indicate that the Korean steel major Posco wants the Indian government to revalidate the environment clearance for the Rs 52,000-crore steel project in Odisha. Although the project was given clearance in 2005-06, that was put on hold subsequently. Following this, the green tribunal visited the site and sent its report to the e
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Posco wants govt to revalidate green nod
Media reports indicate that the Korean steel major Posco wants the Indian government to revalidate the environment clearance for the Rs 52,000-crore steel project in Odisha. Although the project was given clearance in 2005-06, that was put on hold subsequently. Following this, the green tribunal visited the site and sent its report to the e
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