Better compensation demanded for land taken for steel plant

The KIADB is alleged to have violated the order of the High Court of Karnataka, asking it to call a meeting of farmers who have demanded that the compensation amount for the land acquired for the steel plant proposed to be set up by the Mittals at Kudathini in the taluk be raised. The High Court had stayed the acquisition of land, following a plea by a group of 30 farmers from Kudathini on May 4.

The CBI has set up 14 teams for “detailed investigations” into possible criminal misconduct in the allocation of 64 coal blocks during 2006-09, and allegations of their misuse by allottees.

The policy deep-freeze and land acquisition woes have resulted in over 500 projects, mostly power and steel, being shelved or put on hold during 2011-12, entailing a total investment of over Rs 5,0

BHUBANESWAR: With patience running thin after a long wait to see its greenfield projects in Odisha and Jharkhand take off, ArcelorMittal seems to have learnt it the hard way that the wait has to be

Mumbai: South Korean steel major Posco has sounded out unlisted Essar Steel for an alliance to build the planned $12 billion (12 million tonnes) steel plant in Orissa, which has run into repeated hurdles since the world’s fifth largest steel maker signed the construction agreement with the state government in 2005.

“They (Posco) have approached us (Essar Steel) through a third party to revive the Orissa steel plant,” a person with direct knowledge of the development, but doesn’t want to identified, told FE. “We are yet to respond to Posco’s proposal,” the person added.

Bangalore Uncertain times await investors planning to start iron-ore mining in Karnataka, as the state government has made it clear that fresh leases will be given only after the Supreme Court clears all legal cases concerning the sector.

The state's controversy-ridden industry has come under the purview of the central empowered committee (CEC) of the Supreme Court which has recommended a ban on issuing fresh mining permits.

In fresh proposal, co asks for 2,210 acres at Bijulia, Tughri, Gopidih & Chackmohanpur in Bokaro

Tribal inhabitants of Saranda in Jharkhand might have found some solace in the 'assurance' of Union Rural Development Minister Jairam Ramesh categorically stating that he was against mining in this

Steel giant cites low iron content in mines; move casts shadow on GIM-II

At a time when the State government is preparing for the second edition of Global Investors’ Meet (GIM), it has come to light that the world’s largest steel manufacturer ArcelorMittal has withdrawn its application seeking iron ore mining lease at Donimalai forest range in Bellary, citing inferior ore quality.

BHUBANESWAR: ArcellorMittal which has proposed to set up 12 million tonne steel plant in Keonjhar district is yet to submit the detailed project report (DPR) to the State Government because of dela