Posco $12 bn Odisha steel plant delayed beyond July 2017

POSCO's lawyer said after a hearing in tribunal that the company has not been able to obtain forest and other clearances while its environmental clearance is valid until July 2017.

India to auction 20 major iron ore mines to revive industry

Once the world's third-biggest iron ore exporter, India now imports the steelmaking ingredient due to a court-led crackdown on illegal mining.

iron ore

Odisha offers Posco JV option with Odisha Mineral Corporation

South Koran major’s project stuck since 2005 for want of land, iron ore linkage and other clearances


PMO likely to discuss Posco project with Odisha today; Naveen may meet Jaitley

Official-level talks between the Odisha government and the Centre on Tuesday to resolve the Posco-India steel project issue are likely to be followed...

Uttam Galva Steel shares rise over 17% after JV with Posco

Uttam Galva Steel shares rallied as much as 17.30 per cent intraday on Tuesday following reports that the company's unit Shree Uttam Steel & Power and POSCO will set up an integrated steel plant under a joint venture (JV).

Over 100 stocks hit fresh 52-week high in today's trade

South Korea’s POSCO, Uttam Galva arm to set up steel plant in Maharashtra

South Korean steelmaker POSCO and Shree Uttam Steel and Power Ltd have agreed to set up a 3-million-tonnes-per-year integrated steel plant in western Maharashtra state, the firm said on Tuesday.

Posco Odisha

Land issues a barrier for global steel giants in India: Report

India has barriers like land issues, which prevented global giants like ArcelorMittal and POSCO to take off their projects, a Ernst & Young report said on Tuesday.

Posco’s Finex plant likely to be shifted to India by Oct

Posco is likely to shift its first Finex plant to Kalinganagar, in the state from Pohang, South Korea after a definitive pact with homegrown steelmaker Mesco, which is scheduled by August.

Posco suspends steel project in Odisha: 5 points you must know

Posco project in Odisha couldn't take off even after a decade on account of delays in raw material security, land acquisition as well as other clearances.

Posco Odisha

Posco suspends $12 bn Odisha project

South Korean steel giant Posco has put on hold its USD 12 billion steel project in Odisha due to delays in various regulatory approvals.

Posco Odisha

Posco project fate hangs in balance

The fate of South Korean major Posco Steel's $12-billion project in Odisha hangs in balance with the central...

Mesco Steel acquires Maithan Ispat in Rs 1,160-cr deal

Mesco Steel today said it has acquired Odisha-based Maithan Ispat for Rs 1,160 crore in a mix of debt and equity deal.

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Mines ordinance to hit Posco project, says Odisha minister

The Odisha government on Monday said the MMDR Act Amendment Ordinance, 2015, would affect the Posco-India project, the largest FDI in the country.

Arms of Adani, Posco tie up for new terminal in Oz to export coal

Adani Mining Pty, a subsidiary of the Ahmedabad-based $9.2-billion Adani Group..

Adani, POSCO tie-up for new terminal in Australia to export coal

Adani Group's Australian subsidiary today said it has signed an MOU.

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Posco to invest $20 mn in Gujarat: South Korean Ambassador

One of the world's biggest steel manufacturer --- Posco --- is expected to be the first major South Korean investor in Gujarat...

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