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The Punjab and Haryana high court (HC) has ordered status quo on construction and possession over 469 acres of land in Rajpura allegedly sold by M/s Shriram Industrial Enterprises Limited (SIEL Ltd) to a private developer -- SBP group. As per the plea, Punjab signed a memorandum of understanding (MoU) on October 14, 1993, with SIEL Ltd for acquiring 1,000 acres of land in the vicinity of Rajpura in Patiala for industrial development. Out of the acquired land, 469.37 acres were sold for more tha ...Read More >
Aug 18 (Reuters) - JSW Steel (JSTL.NS), opens new tab and South Korea's POSCO (005490.KS), opens new tab have entered a deal to explore setting up an integrated steel plant in India, the country's largest steelmaker by market capitalisation said on Monday. The steelmakers are yet to finalise the location and its financial details, but flagged that Odisha state is among the key locations being considered for the 6 million tonne per annum (MTPA) capacity plant. Last year, the two companies enter ...Read More >
VISAKHAPATNAM: The depression over northwest and adjoining west-central Bay of Bengal and north Andhra Pradesh - south Odisha coasts moved north-north-westwards and crossed South Odisha coast close to Gopalpur during early morning of Tuesday and lay cantered over south coastal Odisha. Weatherman said it was likely to move north-westwards across south Odisha and south Chhattisgarh and weaken into a well-marked low-pressure area during next few hours. Under its influence, thunderstorms accompani ...Read More >
Bhubaneswar, Aug 19 (PTI) Odisha Chief Minister Mohan Charan Majhi on Monday said that South Korean steel major POSCO is all set to establish a 6 MTPA green field project in the state's mineral-rich Keonjhar district in a joint venture with the JSW Group. Welcoming the return of POSCO to the state, Mjahi said the JSW CEO met him during the day and confirmed that their plant will be set up in Keonjhar, the CM's home district. In 2005, POSCO signed an MoU with the Odisha government to set up a s ...Read More >
Mumbai/Bangalore: South Korean steelmaker POSCO Holdings and JSW Steel Ltd intend to spend ₹70,000-80,000 crore ($8-9 billion) to set up a 6 million tonne per annum steel plant possibly in Odisha, two executives said. A 900-acre land that JSW Steel purchased in Odisha during the April-June quarter could be used for the project, they said, declining to be identified. JSW Steel chief executive Jayant Acharya had said earlier that no project had been finalised for the land. "This (the land) is c ...Read More >
BHUBANESWAR: Chief Minister Mohan Charan Majhi on Sunday asserted that the proposed mega steel plant in Keonjhar district was very much on track and the project has progressed two steps ahead. On a two-day visit to his home district, the chief minister took a comprehensive review of major industrial, infrastructure and development projects including the mega steel plant proposed to be set up jointly by JSW and POSCO with an investment of around Rs 40,000 crore in Patna area. He took stock of t ...Read More >
Bhubaneswar: Chief Minister Mohan Charan Majhi on Sunday announced that land acquisition for a proposed mega steel plant in Keonjhar district will commence shortly, with the company involved having already deposited the required funds. The project, a joint venture between the JSW Group and South Korean steel major POSCO, will involve an investment of over Rs 40,000 crore. The plant is expected to have an initial capacity of 5 million tonnes per annum (MTPA). "The process is in an advanced stag ...Read More >
Nagpur (Maharashtra) [India], July 2 (ANI): The Nagpur bench of the Bombay High Court acquitted a 25-year-old man who was earlier convicted for allegedly teasing a minor girl by saying 'I love you' back in 2015, overturning the verdict of a lower court. According to the judgment, the man had been sentenced to three years' imprisonment by a Nagpur sessions court under sections 354-A (sexual harassment) and 354D (stalking) of the Indian Penal Code (IPC) and section 8 of the Protection of Children ...Read More >
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