The Odisha Government will soon transfer about 2,000 acres of land to South Korean steel major POSCO to begin work on its USD 12-billion project near Paradip in Orissa, stuck for seven years now.

Bhubaneswar: After seven years of delay, the Posco steel project will start rolling soon as the Odisha government has started transferring around 1,500 acres to the Korean steel major to set up an

With mega steel investors in Odisha facing a litany of hurdles beginning from land acquisition to grant of mineral concession, the Union steel ministry has sought information on action taken by the state government to ease their problems.

The ministry will take stock of the concerns of steel investors ahead of the meeting of the inter-ministerial group to be held under the chairmanship of Union steel secretary on July 9 in New Delhi.

The seven-year wait to set up the greenfield steel project in Odisha’s Jagatsinghpur district may be over for Posco, the fourth-largest steelmaker in the world.

After a delay of two years since the memorandum of understanding (MoU), signed between the State Government and Posco India for establishment of a steel plant near Paradip, lapsed in June 2010, pro

After a wait of seven long years, the greenfield steel project of Posco in Orissa’s Jagatsinghpur district may be a reality with the state government readying an instrument of renewal for the proje

All formalities for signing of a tripartite agreement between Odisha government, Posco and its Indian subsidiary Posco-India has been completed and only Chief Minister Naveen Patnaik’s nod is awaited to go ahead with the process, according to state steel and mines and industries minister, Raghunath Mohanty.

“Posco has agreed upon all our suggestions about not swapping iron ore outside the country and about setting up ancillary industry near the plant area. The final draft (for the tripartite agreement) is complete. We are awaiting the CM’s approval to start the process,” Mohanty said.

A rugged, tree-covered mountain range sweeps vertically into a brilliant blue sky.

The State Government on Thursday said that a revised tripartite memorandum of understanding (MoU) with Posco and Posco India will be signed shortly.

A three-member expert committee headed by former civil aviation Secretary K Roy Paul will review the environment ministry order that had okayed the environmental clearance granted to steel major Po