SME Times is powered by   
Search News
Just in:   • Coal production from India's commercial mines jumps 16.4 pc in April-June quarter  • India poised to become 3rd-largest economy by 2030, overtaking Germany: Hardeep Puri  • India's industrial production registers 1.2 per cent growth in May  • Govt committed to building safe and smart energy future: Minister  • Sanchez defends Spain's defence budget in response to Trump's threats 
Last updated: 27 Sep, 2014  

Posco.9.Thmb.jpg Posco gets conditional green clearance

Posco.9.jpg
   Top Stories
» India poised to become 3rd-largest economy by 2030, overtaking Germany: Hardeep Puri
» India's industrial production registers 1.2 per cent growth in May
» Govt committed to building safe and smart energy future: Minister
» QCOs benefit MSMEs by enhancing product quality, consumer satisfaction: Piyush Goyal
» Stock market opens higher as Trump indicates ‘great’ trade deal with India
SME Times News Bureau | 10 Jan, 2014
South Korean steel major Posco has received conditional revalidation of environment clearance from the environment ministry for its USD 12-billion steel project in Odisha, a company official said Thursday.

The proposed 12-million-tonne-per-annum plant near Paradip port town in Jagatsinghpur district, about 100 km from state capital Bhubaneswar, was given a five-year environment clearance in July 2007.

The revalidation of the clearance was necessary for the company to proceed on the project, the official told agency.

The revalidation was granted on the condition that the company will spend five percent of its investment on "enterprise social commitments", he said.

The decision comes days ahead of South Korean President Park Geun-hye's four-day visit to India beginning Jan 15.

The state government signed an agreement with Posco in 2005 for the project, the largest foreign direct investment in India.

The government has already acquired 2,700 acres of land required for the first phase of the project (eight million tonnes per annum).
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter