As Prime Minister Narendra Modi pushes for improvements in IndiaĆĀ“s infrastructure and housing, the nationĆĀ“s steel consumption is set to accelerate. ChinaĆĀ“s demand for steel, meanwhile, is retreating from the double-digit growth rates of the past 10 years as Beijing tries to shift the economy to focus on domestic consumption rather than exports.
Tag: POSCO
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Posco needs to file fresh approval
Steel major Posco would have to file a new proposal for setting up its $12-billion steel venture in Odisha if it wants to pursue the project.The company was sounded out at a recent meeting among officials of the Central and state governments
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Parsons Brinckerhoff to review AdaniĆĀ“s coal project
Adani Enterprises has appointed Parsons Brinckerhoff as consultants to manage contract reviews for its A$7 billion ($6.2 billion) coal mine, rail and port project as it looks to start production by the end of 2017.
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Transparent moves
In a bid to try and get to the root cause of the delays that were stalling the implementation of projects in the country, the Project Monitoring Group (PMG) under its Chairman Anil Swarup has initiated a process to digitise the whole procedure through which clearances happen. "Our job at the PMG will get reduced as then we will know why the delays are happening and the clogging will not happen.
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Land issues of Posco project may be resolved soon
Commerce and Industry Minister Anand Sharma expressed confidence that the issues involved in acquiring some forest land for the $12 billion steel project by South Korean steel major Posco in Odisha may be solved soon. Speaking to reporters, the minister said there have been some difficulties in acquiring certain section of land that was already either encroached or not free from encu
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POSCO considers abandoning steel project in Karnataka
Owing to its failure to get land for the proposed 6 million tonne per annum steel project in Karnataka, South Korean steel giant POSCO is considering to quit the project, reports suggest. The company is unable to get land for the project because of protests by local residents. Soon, the company would decide on whether to abandon the project, which involves setting up a steel mill i
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Steel ministry to expedite big ticket steel projects
Union steel ministry is reportedly taking steps to expedite big ticket investment projects, which are held up owing to various issues in the steel sector. In Odisha itself, eight projects are stuck because of reasons like lack of statutory clearances, non-availability of raw material linkage and law and order problem during land acquisition
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JSL may make marketing arrangement with Posco
Jindal Stainless (JSL) and South Korean steel maker Posco are planning to start jointly a marketing arrangement for a grade of stainless steel that JSL claims to have been particularly successful in commercializing. JSL would benefit from this proposed arrangement as it could access markets through the South Korean steel
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Delay in Posco project may be dealt by IMG
According to some press reports, the union government may form an inter-ministerial group (IMG) for recommending ways to fast-track clearance for PoscoĆās $12-billion investment plans in Odisha. Last year, the National Green Tribunal sought a fresh environment impact analysis for for the entire 12 million tonne per annum (mn tpa
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Minister gives assurance on Posco’s $12 bn project
At a recent meeting with South Korean Minister Sukwoo Hong, India's Commerce and Industry Minister Anand Sharma assured that Prime Minister Manmohan Singh was personally monitoring the progress of PoscoĆās $12-billion steel project in Odisha. Sharma met his South Korean counterpart at the Partnership Summit organised by the CII to discuss bilat
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