User: subbu Topic: Companies
Category: POSCO
Last updated: Jan 15 2018 23:33 IST RSS 2.0
 
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Naxal violence can cast shadow over Essar Steel bid 7.11.2017 Latest News
Essar Steel was among the initial companies that had been put up for sale under the insolvency proceedings
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JSW Steel seeks green nod for Odisha mega steel plant 1.11.2017 Business Standard: News Now
Sajjan Jindal controlled JSW Group with interests in steel, infrastructure and energy, has sought the green nod for its mega steel plant cum captive power plant (CPP) proposed near Paradip in Odisha.The company has applied for environment clearance for the crude steel plant of 13.2 million tonnes per annum (mtpa) and 900 Mw CPP to be set up within the integrated steel plant complex.The expert appraisal committee (EAC) of the Union ministry of environment, forest & climate change (MoEF&CC) would take up JSW Steel's case at its upcoming meeting of industrial projects scheduled on November 15."JSW's bid for environment clearance for steel plant and CPP would be vetted by EAC at its next meeting for industrial projects. Along with the steel plant and CPP, a cement unit by the group is also on the agenda", said an official source.JSW Steel had originally proposed to set up a 10 mtpa capacity shore-based steel plant in Odisha. It had asked for 4500 acres of land for the steel mill. .
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Essar Group, Tatas, ArcelorMittal submit bids for debt-laden Essar Steel 29.10.2017 Business Standard: News Now
Essar Steel India Ltd is undergoing Corporate Insolvency Resolution Process under the provisions of Insolvency and Bankruptcy Code
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Ruias take Russian tie-up route for Essar Steel bid 27.10.2017 Business Standard: Companies & Industry
The Ruias have submitted an expression of interest for Essar Steel along with a letter of comfort from VTB Capital
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POSCO third-quarter operating profit rises 9%, meets forecasts 26.10.2017 News
The world's fifth-biggest steelmaker said that consolidated operating profit was $1.01 billion in the third quarter
Odisha has ready-to-use 100,000-acre land bank for industries: Official 24.10.2017 Latest News
South Korean steel giant Posco had suspended its $12-bn steel project in Odisha, citing delays in various regulatory approvals and land hurdles in setting up a 12 MTPA steel plant at Jagatsinghpur
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Tatas, Ruias submit bids for Essar Steel 24.10.2017 Business Standard: News Now
JSW Steel is said to have skipped submitting a resolution plan for Essar Steel
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Weak steel market to delay Mesco-Posco Finex deal 23.10.2017 Latest News
The transfer of Finex, a technology patented by Posco, to Mesco Steel is now kept at bay because of the slow down in the steel industry. Both Posco and Mesco have mutually agreed to delay the project till the steel industry revives."The kind of technology they wanted to bring is too expensive and steel industries is not doing well. There is mutually agreement we will not do it for some time till the steel industry gets up", said Rita Singh, chairperson cum managing director of Mesco steel.To facilitate the transfer of Finex technology, both Mesco and Posco had signed a memorandum of agreement in March 2015. In a statement, Mesco Steel had said Posco would have 26 per cent equity in the joint venture (JV) project.Noted consultant Dastur & Company was roped in to study the modalities of the technology patented by Posco. Since the Finex plant requires a lot of oxygen and power, Mesco Steel has already initiated talks with some companies for setting up auxiliary plants on the JV ...
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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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