Paradip, Aug. 6: Reports of a tidal surge into the denuded forest pockets in the proposed Posco project area since Thursday night have caused concern among the local residents. However, officials have advised the villagers not to panic. “We have received reports of tidal waves’ ingress in some pockets of denuded forest areas. But there was no threat to the villages,” said Kujang tehsildar Vasudev Pradhan. “The forest used to check the...

Stir likely to be intensified if project gets green signal With the Union Ministry of Environment and Forests set to take a final decision on the proposed steel plant project of Posco-India Private Limited on Monday, Orissa villagers facing displacement have decided to intensify their agitation if the Ministry order went in favour of the company. That a majority of villagers in the three gram panchayats of Dhinkia, Gadakujang and Gobindpur in...

There is more trouble in store for South Korean steel maker Posco’s Orissa project. Shoreline surveys have found the state’s coastline to be highly erosive. Worse still, 50%, that is 4.8 km of the 9.3 km coastline along the proposed captive port site at Jatadhari is eroding. This is likely to put a spanner in the works for the South Korean company, which has been insistent on a separate captive...

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...

Global steel giants ArcelorMittal (MT) and Posco are leading $80 billion in planned spending in India, an investment that would vault the country ahead of Japan as the second-biggest steelmaker. There's one hurdle: India's farmers and their water supply. The farmers refuse to move from irrigated land in three states that hold more than half of India's reserves of iron ore, a key material used in the making of steel....