User: subbu Topic: Companies
Category: POSCO
Last updated: May 23 2017 03:56 IST RSS 2.0
 
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Morning News Call - India, March 20 20.3.2017 Sify Finance
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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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Government mulls local steel requirement for $59 billion infrastructure spend 7.3.2017 ET: Steel
India wants to nearly triple its production capacity by the next decade and acquire technology to produce higher value products including automotive steel.
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India mulls local steel requirement for $59 bln infrastructure spend 7.3.2017 Sify Finance
* India says requirement for local steel will be WTO compliant
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India mulls local steel requirement for $59 billion infrastructure spend 7.3.2017 Sify Finance
By Neha Dasgupta
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SBI led banks' consortium launches probe into suspected financial irregularities at Uttam Galva Steels 1.3.2017 ET: Steel
The probe may impact discussions that the company’s promoters, the Miglani family, are having with Aion Capital as well as China’s Tidfore Heavy Equipment Group to sell various segments of their business.
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Dharmendra Pradhan pitches for more engagement in Myanmar in oil & gas sector 22.2.2017 New Kerala: India News
Dharmendra Pradhan pitches for more engagement in Myanmar in oil & gas sector
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ArcelorMittal, SAIL's India joint venture talks at an impasse - sources 17.2.2017 Sify Finance
* Deadline to seal SAIL-ArcelorMittal joint venture ends in May
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‘Save Kappatagudda’ campaign gains pace 13.2.2017 Hindu: News
Three-day ‘day and night’ dharna to begin today
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Aion Capital in talks with troubled Uttam Galva Steels for takeover 19.1.2017 ET: Steel
Aion is a joint venture venture between Apollo Global Management, one of the world’s largest distress asset investors, and ICICI Venture.
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