The Orissa government will reply to the queries made by the Centre on the Meena Gupta panel report on Posco project in the next three days, Chief Secretary B K Patnaik said on Wednesday. “We will reply to the Centre on the panel’s reports within three days,” Patnaik told reporters here. The state government did not comment on the reports of the committee for the past two days. Smarting under the Union...
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Posco's Planned $12 Billion Indian Steel Plant in Doubt After Panel Report by Abhijit Roy Chowdhury and Abhishek Shanker
Posco’s proposed $12 billion steel plant in India is in doubt after a government panel recommended scrapping Environment Clearances given to the world’s third largest steelmaker. Three of the four members of the panel suggested that approvals should be canceled because of “flaws in the studies, and shortcomings in the clearances granted” to the project in the eastern state of Orissa, Environment Minister Jairam Ramesh told reporters yesterday in New Delhi....
More »Split Jairam panel puts Posco on pause by Amitabh Sinha
The showpiece proposed iron and steel project in Orissa by South Korean steel major POSCO faces a huge cloud of uncertainty with an expert panel set up by the Environment Ministry alleging violations of environmental laws. Three of its four members today recommended that all initial clearances to the project be cancelled. The lone dissenting voice was that of former Environment Secretary Meena Gupta who argued that there was no need...
More »Posco hits Green hurdle by GS Mudur and Ashutosh Mishra
Steel giant Posco’s proposal for the largest foreign direct investment in India has failed to pass environment muster with a central panel picking flaws in the process to settle forest rights and approve the shortlisted site in Orissa. Three members of the four-person committee have recommended that the Union forest and environment ministry scrap its approvals while the remaining nominee has suggested that the exercise be carried out afresh. The panel’s recommendations...
More »Blow for India's $12bn South Korean steel deal
An Indian government panel has recommended that environmental clearances for a steel plant to be built by South Korean company Posco be scrapped. The $12bn plant in Orissa is India's largest foreign investment project. Critics of the project say it will exhaust iron ore deposits in 20 years. India earlier rejected plans by mining giant Vedanta to extract bauxite in eastern Orissa state saying it would damage the local environment. A panel of India's...
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