User: subbu Topic: Companies
Category: POSCO
Last updated: Oct 17 2017 21:50 IST RSS 2.0
 
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Morocco, Unesco sign pact to preserve crafts 17.10.2017 All News-IANS Stories
Paris, Oct 17 (IANS/MAP) Morocco and the United Nations Educational, Scientific and Cultural Organization (Unesco) signed an agreement here on Tuesday to create a "National Living Human Treasures System", an essential component of the national cultural heritage.
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JSW Steel to tweak Odisha project design, scale up capacity to 12 mtpa 17.10.2017 Business Standard: News Now
Sajjan Jindal owned JSW Steel is set to redraw its project design for the mega steel plant proposed in Odisha near Paradip. The company is now keen on 12 million tonnes per annum (mtpa) instead of 1o mtpa mill proposed initially."JSW Steel has of late evinced interest to set up a higher capacity steel plant. They have not elaborated on the reasons to go for 12 mtpa project or the technology they are going to introduce", said a senior government official with direct knowledge of the matter.JSW Steel, preferred not to participate in the story. An e-mail questionnaire sent to the company went unanswered.Sources close to the development said, JSW Steel has initiated talks with some overseas companies for some technology collaboration for the Odisha project. The top steel maker is likely to opt for Corex technology for its proposed Odisha steel plant.The reconfigured project plan with use of upgraded technology means JSW Steel would settle for a smaller patch of land for the steel mill. ...
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JSW Cement plans Rs 1,800-cr capex, aims for IPO in 2019-20 16.10.2017 Business Standard: Companies & Industry
Post-IPO, according to Jindal, the company will be targeting at reaching 30 MT capacity by 2025
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JSW, Tata in race for top slot in steel industry 11.10.2017 Business Standard: Today
Two steel majors look at capacity expansion, as insolvency process picks up steam for 5 firms
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Kobe Steel faces investors' ire after data fabrication scandal surfaces 10.10.2017 Latest News
Kobe Steel said about 4% of the aluminium and copper products that it shipped from Sept 2016 to Aug 2017 were falsely labelled
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Land losers petition NGT to stop land transfer to JSW Steel 9.10.2017 Business Standard: News Now
The Odisha government's bid to hasten transfer of land originally acquired for Posco's mega steel mill near Paradip to JSW Steel has met opposition from earlier owners, protesting at the erection of a boundary wall.The government acquired 2,700 acres in July 2013 for Posco's proposed 12-million tonne plant. Later, when Posco opted to surrender the lot, much of it forest land, Odisha Industrial Infrastructure Development Corporation (Idco) decided to take it back into its land bank, with the government's agreement.However, locals have petitioned the National Green Tribunal (NGT), alleging Idco diverted forest land for non-forest purposes. Prior consent, they contend, was not taken. That apart, Idco has de-reserved around 1,300 acres of forest land straddling six villages in the area. This violated the conditional Stage-II forest clearance granted for the Posco project. One of the conditions was that the legal status of forest land would remain the same even diverted for other ...
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SAIL extends ties with POSCO for technical pact at eastern Indian plant 8.10.2017 Sify Finance
NEW DELHI, Oct 8 (Reuters) - Steel Authority of India Ltd , the country's top state-owned steel producer, on Sunday said it has deepened strategic technical ties with South Korean steelmaker POSCO
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SAIL strikes deal with Posco for technical expertise 8.10.2017 ET: Steel
The 0.55-million tonne wire rod mill of SAIL-ISP will soon start producing wire rods in special grades in order to meet domestic and overseas requirements.
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SAIL signs technical pact with POSCO to reap benefits for IISCO Steel Plant 8.10.2017 Business Standard: Companies & Industry
This is a result of an MoU on technical collaboration for operational improvement and human resource development
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Conflicts across India as states create land banks for industry, investment 19.9.2017 Business Standard: News Now
Up to 2.68 mn hectares of land have been set aside in land banks in the eight states
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Paradip Port fears JSW's captive port plan will impact its cargo biz 13.9.2017 Business Standard: Companies & Industry
Paradip Port, the second largest major port in the country after Kandla in terms of cargo volume, fears its operation may be affected by the proposed captive port of JSW group in its vicinity."Any port in our vicinity will affect our operation", said a top official of Paradip Port Trust (PPT).JSW group plans to build a captive port facility at Paradip to cater to the needs of its proposed 10 million tonne steel plant in the area."We have not been asked for our view by the government. We will certainly oppose the setting up of the port in our neighbourhood if asked to give our views", said the PPT official.To emphasise the impact of JSW's proposed port on Paradip port, he said, the cargo handling at Visakhapatnam port has been severely affected following the establishment of Gangavaram port close by.Though unlike Gangavaram, JSW's proposed port will be only meant for captive use, he said, still it would knock off 20 million tonne from Paradip port's cargo projection. Paradip port ...
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JSW to invest Rs 2,000 crore to set up captive port in Odisha 8.9.2017 Business Standard: News Now
??JSW Infrastructure, part of the Sajjan Jindal controlled JSW Group, has pledged an investment of Rs 2000 crore to set up a captive port in Odisha's coast at Jatadhari Muhan near Paradip. Initially, the port would have a capacity to handle 10 million tonnes of cargo and which could be subsequently raised to 20 million tonnes.Initially, JSW Group in its proposal to the Odisha government had evinced interest to establish a commercial port at Jatadhari Muhan. The site selected was the one chosen by Posco India for building its captive port. But, JSW dropped its interest for the commercial port as such a port can be set up only through the competitive bidding route as per the state's port policy."JSW Group had earlier proposed a commercial port but of late, they have come up with a revised plan for a captive port. The capacity of this proposed port can go up to 20 million tonnes a year", said a senior Odisha government official with direct knowledge of the matter.In a previous ...
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OMC open to long-term linkage pact with JSW Steel 4.9.2017 Business Standard: News Now
JSW Steel's proposed 10 million tonne steel project in Odisha has moved a step ahead with the state run miner Odisha Mining Corporation (OMC) keen to have a long-term iron ore pact with the steel company.In its proposal, the company has pitched for a long-term agreement for 50 years with state owned Odisha Mining Corporation (OMC) to supply 30 million tonne per annum of iron ore fines at IBM (Indian Bureau of Mines) declared price. JSW Steel has suggested that OMC may engage a Mine Developer cum Operator (MDO) on long-term basis to develop its large mines like Gandhamardhan and Dubuna. The objective is to secure long-term iron ore supplies for the steel plant."We already have the long-term linkage policy as approved by the government. We will be processing the JSW requirement accordingly", said a senior Odisha government official.Usually, OMC signs long-term linkage pact with its iron ore consuming industries for five years. In Odisha, Essar Steel, Visa Steel, Jindal Steel & Power
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Essar group goes back to basics 4.9.2017 Business Standard: News Now
Debt-laden group is focusing on operational efficiencies and hopes to rebid for its steel business
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Posco likely to bid for Rs 37,284-cr debt-ridden Essar Steel 25.8.2017 News
If bidding happens, the deal would benefit Posco in boosting its India plans
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Tata Steel, top global suitors eye Essar Steel under IBC regime? 23.8.2017 ET: Steel
Tata Steel is amongst numerous suitors which have expressed preliminary interest in Essar Steel and its assets.
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After Posco failure, Odisha to calibrate JSW Steel's land need 12.8.2017 Latest News
Posco wrote to the state government to surrender the land acquired for its project of equal capacity
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JSW Steel takes a beating on higher input cost 2.8.2017 Business Standard: News Now
Higher raw material prices of both iron ore and coking coal ate into the margins
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POSCO Q2 profit jumps 44 pct from year ago on improved profit margins 20.7.2017 TOI: Intl Business
POSCO-RESULTS/ (UPDATE 2):UPDATE 2-POSCO Q2 profit jumps 44 pct from year ago on improved profit margins
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Essar Steel insolvency case: Gujarat High Court to give verdict on Monday 14.7.2017 Business Standard: News Now
Essar Steel had moved the court against the June 13 RBI circular
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