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Posco hits another green hurdle, National Green Tribunal slaps notices by Nageshwar Patnaik

In what appears to be a setback to the Posco's dream 12-million ton steel project, the National Green Tribunal on Tuesday issued notices to the union ministry for environment and forest (MoEF), Orissa government, Orissa State Pollution Control Board (OSPCB) and Posco India asking about the circumstances under which environmental clearance was given to the South Korean company's proposal for the largest FDI project and a captive port in Jagatsinghpur...

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Orissa fails to keep date with revised MoU with Posco by Nageshwar Patnaik

The Orissa government has failed to keep its commitment for renewal of the revised MoU with Posco-India Ltd for setting up 12-million ton steel plant near Paradip by July end as the South Korean company has not agreed to certain conditions in the revised MoU. Even as the tenure of the previous MoU expired on June 21, 2010, the state government had gone on acquiring land for the proposed steel...

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Locals oppose 6-lakh-tree cut for Posco project

-PTI   Over six lakh trees and some 1,800 betel vines will have to be sacrificed to set up Posco's Rs 52,000 crore mega steel project in Orissa's coastal Jagatsinghpur district. The trees to make way for the greenfield project include about three lakh casuarina and as many horticultural plants, official sources said. Local people have voiced strong opposition against the move to clear the trees, arguing that they will be exposed to...

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Talk to farmers on Posco issue, Brinda tells Naveen

-PTI   Opposing acquisition of fertile and multi-crop land for setting up industries, CPI(M) leader Brinda Karat on Saturday suggested Orissa chief minister Naveen Patnaik to hold talks with farmers before going ahead with the proposed Posco steel project. “I have requested the Chief Minister to talk to the people who are likely to be affected due to Posco project. Unless farmers agree to sacrifice their lands, no force should be used,”...

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‘We’ll take the burden for employees for some time, but how long?’ by P Vaidyanathan Iyer

RV Gumaste, a member of Kirloskar’s project team that set up Bellary’s first iron-making unit in 1994, has never seen such times since he first moved base from Pune 17 years ago. “We will take the burden for our regular employees for some time. But how long?” says the industry veteran, who was appointed Managing Director of Kirloskar Ferrous Industries Ltd in July 2003. The Rs 1,100-crore company has 800...

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