Did Posco exaggerate the employment potential of its Rs 50,000 crore plant in Orissa? A group of US-based experts has accused the Korean steel giant and Orissa of fudging statistics on potential jobs to hardsell the integrated steel plant. A paper prepared by Mining Zone Peoples' Solidarity Group — a collection of economic professors and engineers and others based in the US — has unravelled the figures estimated in an NCAER...
More »SEARCH RESULT
Total Matching Records found : 842
Orissa moves SC, challenges HC decision on Posco mining issue by Indu Bhan
The Orissa government on Friday moved the Supreme Court challenging the Orissa High Court order that quashed its decision to permit South Korean steel major Posco to mine iron ore in Sundergarh district of the state. The matter is likely to come up for hearing in November end. The state government had recommended the grant of prospecting licence (PL) to Posco India for the Khandadhar mines for its 12-million-tonne steel plant...
More »Tribal Meena, not bureaucrat Meena to decide Posco's fate
An illiterate tribal woman from Orissa's Jagatsinghpur district is all set to play a vital role in deciding the fate of the Rs 51,000 crore Posco steel project, billed as the country's biggest FDI. The role of Meena Hembram and 20 others came to limelight after the Meena Gupta panel, which submitted its reports to the union Ministry of Environment and Forest (MoEF) on October 18, pointed out that there were...
More »Posco positive: PM to tell Seoul by P Vaidyanathan Iyer
Prime Minister Manmohan Singh will reassure South Korea President Lee Myung-bak that India will address all issues related to Pohang steel Company’s (Posco’s) proposed $12-billion steel project in Orissa in a “constructive manner.” Posco India, which first announced the setting up of the massive plant five years ago, is facing environment roadblocks. Lee is likely to take up Posco’s case with Singh tomorrow. The two leaders, who are here for the East...
More »Posco's Orissa project lands in fresh trouble
The Rs 51,000-crore Posco steel project in Orissa, that has been delayed for five years, faces the prospect of getting delayed further. The ministry of tribal affairs is now looking at the possibility of whether the South Korean steel project, which also represents the largest foreign direct investment (FDI) in India so far, has actually encroached into the land owned by tribals. The Union ministry of environment and forest (MoEF) has...
More »
