The Supreme Court has refused to stay for now an Orissa High Court judgment cancelling the state government’s clearance to POSCO for a licence to scout for and mine iron ore. The high court order had come on a petition by a Bhubaneswar firm that claimed the state’s decision was “illegal” and “irrational” as the South Korean giant had been cleared out of turn. The licence would have allowed POSCO to explore...

Protests against a proposed Indian nuclear power plant this weekend highlight a growing problem facing developers, experts say, as the country tries to upgrade or build much-needed infrastructure.Thousands of fishermen, farmers and their families in Jaitapur in western Maharashtra state turned out in force on Saturday to denounce the loss of homes and agricultural land, as well as voice fears about radiation and pollution.The long-running protest has already seen a...

POSCO India would have to incorporate the suggestions made by the Pune-based Central Water & Power Research Station (CWPRS) in the detailed project report (DPR) for the captive port proposed to be set up at Jatadhari Muhan in Jagatsighpur district. "In 2006, the CWPRS had made a technical study on the impact of the POSCO port on the possible threat to the operations of the Paradeep port in 2006 following the...

Jairam Ramesh, India's environment minister, will make a decision in the next week that could define the future of the country: whether to approve a $12 billion South Korean-owned steel plant, the largest potential foreign direct investment ever on the subcontinent. The plant, proposed by South Korea's POSCO, has been in the works for years. It already has been cleared by the environment ministry, which Mr. Ramesh runs, and endorsed by...

In a move that could further delay South Korean steel giant POSCO’s plan to build a $12-billion steel plant near Paradip in Orissa, the expert appraisal committee of Coastal Regulation Zone on Tuesday decided to defer its decision on giving approval to the project. The panel has cited absence of sufficient details on the likely environment impact of its captive port at Jatadhari, near Paradip, said people involved in the matter....