The environment ministry under Veerappa Moily has approved the $ 12.6 billion Posco steel plant in Orissa, the biggest foreign direct investment in India.

Letter to M/s Posco India Private Limited from Ministry of Environment & Forests regarding revalidation of environmental clearance of Integrated Iron & Steel Plant (4.0 MTPA) with Captive Power Plant (4x100MW) at Kujang, Near Paradip, Jagatsinghpur in Odisha by M/s POSCO India Private Limited dated 7th January, 2014

The New Year has begun well for Posco India, reviving its dream of setting up a mega steel project in the state of Odisha.

According to sources close to the company, a crucial revalidation of its environmental clearance has been granted. The company had resized its plans in 2013 because of the stiff opposition it faced over a land acquisition in the coastal district of Jagatsinghpur, 10km south of the port town Paradeep, to a smaller plant of 8 mt. In 2013, the Supreme Court had given a favourable judgement clearing the way for the Centre to proceed with allocation of the iron ore mine recommended for the company’s project.

The boundary wall construction of Posco progressed on the third day on Monday despite protests by a section of anti-industry villagers at Nuagaon in Jagatsinghpur district.

South Korean steel company Pohang Steel Company (Posco) has sought Cabinet Secretary Ajit Kumar Seth’s intervention in renewing the green clearance for its project in Orissa.

Bhubaneswar : Exactly 14 years after the supercyclone stuck Orissa, the Orissa government said the devastation caused by the cyclone Phailin this month and the subsequent floods is higher in scale

Project to have initial capacity of 4 mtpa in the first phase

The country's largest natural gas distributor GAIL (India) Ltd has entered into a memorandum of understanding with Paradip Port Trust (PPT) for setting up of an offshore LNG (liquefied natural gas) terminal at the port at a cost of Rs 3,108 crore.

Even as large-scale evacuation and relief effort saved thousands of lives in Jagatsinghpur, people here are now suffering from fever, stomach ailments and suspected dengue.

Over 1.26 crore people suffer as storm hits transport, power lines

Seventeen persons were killed as the very severe cyclonic storm, Phailin, hit the Odisha coast near Gopalpur in Ganjam district late on Saturday evening, Special Relief Commissioner P.K. Mohapatra said on Sunday.

Eight million people affected, 17 lives lost; Ganjam bears brunt of cyclone

Cyclone Phailin, which made a landfall on the southern coast of Odisha at around 8:30 pm on Saturday at a windspeed of 200 km an hour, affected a cultivable area of 0.5 million hectares and damaged 80 per cent of the power transmission infrastructure in the coastal areas.