'Adani suspends 2 key contractors on biggest Aus coal project'
Adani Group's 16.5 billion dollar coal mine project in Australia has hit another controversy after reports that the Indian mining giant suspended two major contractors, raising fresh speculation over funding even as the company blamed the move on delay in government approvals.
Jul 22, 2015, 23:44 PM IST
Posco shifts focus from Odisha project citing 'no progress'
Steel giant Posco has shifted its focus from the USD 12-billion proposed steel plant in Odisha citing "no progress" in the project.
Jul 17, 2015, 21:15 PM IST
Posco suspends $12 billion Odisha project
South Korean steel giant Posco has put on hold its USD 12 billion steel project in Odisha due to delays in various regulatory approvals.
Jul 16, 2015, 21:00 PM IST
Not quitting Odisha: Posco
The company is reducing its unused office space and other expenditure as part of massive global cost restructuring programme, said a person in the know of developments.
Jul 16, 2015, 18:55 PM IST
POSCO says to exit unprofitable businesses as weak steel demand caps profit growth
South Korea`s POSCO said it would shut down unprofitable local and overseas businesses as part of a restructuring plan aimed at boosting profit growth in the world`s sixth-largest steelmaker as global demand for steel remains weak.
Jul 15, 2015, 13:53 PM IST
Government to extend full support to Posco: Tomar
In the past few months, Posco officials has been meeting Ministers and officials regarding investment in India's steel sector.
May 31, 2015, 12:19 PM IST
ArcelorMittal, SAIL to set up steel plant in India
NRI billionaire Lakshmi Mittal-led ArcelorMittal on Friday partnered PSU giant SAIL to set up an automotive steel plant with an estimated Rs 5,000 crore investment, taking a fresh shot at entering India after nearly a decade-long wait for its earlier projects to take off.
May 22, 2015, 20:43 PM IST
Odisha govt asks Posco to pay land premium soon
The Odisha government on Saturday asked South Korean steel major Posco to make outstanding payment of about Rs 50 crore towards land premium and Rs 18 crore towards net present value for forest land diversion.
Apr 25, 2015, 20:54 PM IST
POSCO Q1 profit up 20%, low iron ore costs outweigh weaker steel prices
That compared with 518 billion won in operating profit in the same period a year earlier, and 632 billion won in the October-December quarter.
Apr 21, 2015, 13:00 PM IST
Posco, SAIL in talks for setting up a steel plant: Govt
"SAIL and Posco recently discussed possible collaboration opportunities including setting up of an integrated steel plant," Minister of Steel and Mines Narendra Singh Tomar told Lok Sabha in a written reply.
Apr 20, 2015, 16:07 PM IST
Centre rejects Odisha's request, for auction route for Posco
The Centre has rejected the Odisha government's request to consider its recommendation of granting prospecting license (PL) over Khandadhar iron ore reserve in favour of Posco India which proposed to set up a Rs 52,000 crore steel facility near Paradip.
Apr 09, 2015, 21:07 PM IST
Posco's mining linkage issue in Centre's court: Odisha
With uncertainty prevailing over Posco's Rs 52,000-crore mega steel project near Paradip, Odisha government says the ball is in the Centre's court with regard to raw material linkage for the South Korean firm.
Mar 28, 2015, 18:40 PM IST
Posco seeks refund from Odisha rail line undertaking
Lee also said six employees have "voluntarily" resigned and denied it was any sign of Posco pulling out from the project.
Mar 27, 2015, 23:11 PM IST
POSCO's Finex plant to come to India
World's fourth largest steel firm Posco will shift its first Finex plant to India from Pohang in South Korea.
Mar 25, 2015, 20:00 PM IST
Consensus needed for Posco project: Pradhan
Noting that lack of cohesion among stake holders delayed the proposed mega steel plant by Posco in Odisha, Union Petroleum Minister Dharmendra Pradhan today said a consensus was needed for implementation of the country's largest FDI project.
Mar 01, 2015, 22:47 PM IST
Posco: Odisha asks Centre to respect international commitment
Odisha government on Friday said it would like the Centre to accept its recommendations in favour of Posco and termed Union Minister Narendra Singh Tomar's statement that the South Korean steel major too must participate in bidding in order to get mining lease, as "going back from international commitment".
Feb 06, 2015, 16:00 PM IST
Fresh blow to Posco as the firm needs to bid for ore mine
In a fresh blow to Posco, the South Korean steel major will be required to participate in auction to get iron ore mine to feed its USD 12 billion facility in Odisha instead of direct allotment as assured earlier.
Feb 05, 2015, 21:49 PM IST
POSCO CEO calls on PM Modi, discusses investment plans
South Korean steel company POSCO's CEO Kwon Oh-Joon Tuesday called on Prime Minister Narendra Modi and is believed to have discussed new investment plans in Gujarat and Maharashtra besides its much-delayed USD 12-billion Odisha project.
Jan 20, 2015, 18:19 PM IST
Posco may have to bid for mines to feed Odisha plant
Caught between Odhisa's assurance and the Centre's ordinance for auction, South Korean major Posco's wait for getting mines to feed its 8 mtpa steel plant in the state is likely to be little longer than expected.
Jan 19, 2015, 18:46 PM IST
Adani, POSCO tie-up for new terminal in Aus to export coal
Adani Group's Australian subsidiary today said it has signed an MOU with a South Korean steel giant for the construction of a new strategic terminal at Abbot Point coal port to export high-quality coal globally at competitive rates.
Dec 17, 2014, 16:48 PM IST
