User: subbu Topic: Companies
Category: POSCO
Last updated: Apr 21 2017 20:07 IST RSS 2.0
 
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South Korea to raise issue of U.S. steel import restrictions at WTO 21.4.2017 Sify Finance
By Hyunjoo Jin and Jane Chung
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Asia steelmaker shares rise despite Trump salvo on trade 21.4.2017 Sify Finance
SYDNEY (Reuters) - Shares of most Asian steelmakers rose on Friday, deflecting the first salvo of a long-anticipated anti-dumping campaign from U.S. President Donald Trump.
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South Korea needs to consider a complaint to WTO over U.S. protectionism - steel industry source 21.4.2017 Sify Finance
By Hyunjoo Jin and Jane Chung
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India's steel plans may prove too ambitious 17.4.2017 Business Standard: Front Page Headlines
The government may struggle to find 91,000 acres of land to pack new 175 mt capacity
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Odisha set to revive 10 port projects 15.4.2017 All News-IANS Stories
After a prolonged legal battle and a court verdict in its favour, the Odisha government is set to renew the concession agreements (CAs) as well as expedite the land acquisition process for 10 minor ports along its coast.
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Tough task ahead for Odisha govt to take possession of Posco land 6.4.2017 All Economy & Policy Stories
Even as the exit of Posco from Odisha has thrown up questions about the use of the land acquired for the steel project of the company, the intent of the state government to bring it under a land pool for forward transfer to another industry is likely to face with fresh round of resistance from anti-industry lobby in the area. Posco Pratirodh Sangram Samiti (PPSS), which spearheaded the agitation against land acquisition for the Posco project for over a decade, has vowed to resist any attempt of the government to allot the land to any industrial house. "We will resist the move by the government to hand over the land to another company after Posco's exit. As was the case in Singur, let the Odisha government should return the land to the villagers who were drawing their sustenance from paddy and betel leaf cultivation and fish ponds on the designated site, before it was snatched away from them for the Posco project", said Abhay Sahu, PPSS leader. But unlike Singur, the 2700 acres land ...
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Missing Canadian in Naxal militia custody 28.3.2017 News
The foreigner had gone untraceable since last evening in Chhattisgarh
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ArcelorMittal among three steel firms to back out of Odisha projects 24.3.2017 All Companies Stories
Eleven others have not yet started work for setting up steel plants
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Morning News Call - India, March 20 20.3.2017 Sify Finance
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_03202017.pdf If you would like to receive this newsletter via
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If one goes, others will come: Piyush Goyal on Posco exit 20.3.2017 All Economy & Policy Stories
It signed an agreement with state govt in 2005 for setting up its mega steel facility near Paradip
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Other firms will come if Posco exits steel project: Piyush Goyal 19.3.2017 ET: Steel
Commenting on the delay in land acquisition, Goyal said the project approval "had happened during the earlier regime and now things are becoming more transparent".
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Other firms will come if Posco exits steel project: Goyal 19.3.2017 All News-IANS Stories
There are other companies that can replace Korean firm Posco if it decides to withdraw from its delayed steel project in Odisha, Coal and Power Minister Piyush Goyal said on Sunday.
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UPDATE 1-POSCO offers to surrender land for planned India steel project 19.3.2017 Sify Finance
(Adds POSCO spokesman comments)
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POSCO willing to return land 19.3.2017 Hindu: Other States
Its steel plant project a non-starter
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Steel major POSCO offers to return land to Odisha government: Minister 18.3.2017 News
The steel major had also not taken any step to renew its MoU with the state government
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South Korea's POSCO offers to surrender land for planned India steel project 18.3.2017 Sify Finance
By Jatindra Dash
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Posco closes last chapter in Odisha project 18.3.2017 Latest News
Its official now. South Korean giant Posco has scrapped its plan to set up a 12 million tonne steel mill in Odisha and has written to the state government stating its intention to surrender the land allotted to it for the project near the port city Paradip. This is the second big ticket FDI project to leave the state after Arcellor Mittal walked out of its Odisha project, also of 12 million tonne capacity, in 2013. "We have received a letter from Posco expressing its intention to surrender the land allotted to it as it is not in a position to pursue the project", said an official of the state industries department. Though all activity on Posco's proposed 12 billion dollar steel plant in the state had come to a halt two years back leading to speculation of the company pulling out of the venture, both Posco and the Odisha government had denied it in public. In this backdrop, Posco's letter is seen as the first official communication establishing scrapping of the project. Posco had ...
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Centre to mandate local steel use for infra projects 8.3.2017 Business Standard: News Now
Wants to triple local production over next decade; move to boost sales of domestic companies
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Local steel may become a must for $59-bn. infra spend 8.3.2017 Hindu: Industry
Move to boost sales of local firms, to attract global names
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India mulls local steel requirement for $59 billion infrastructure spend 7.3.2017 All Markets Stories
Japan has already threatened to take India to the WTO over some recent steel restrictions
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