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Saturday, December 10, 2011

Indian steel ministry update on POSCO steel plant progress

Saturday, 10 Dec 2011

The Indian union minister for steel Mr Beni Prasad Verma has recently said given an update on 21 steel plants in India under planning and commissioning stages

POSCO India Project

Orissa Greenfield plant at Jagatsinghpur
Proposed Capacity: 12.0 million tonne per annum in three phases
Total land required - 4004 acres. 628 acres of non forest Govt. land was leased to the company.
Environment clearance and CRZ clearance for construction of port issued by MoEF
Proposed project cost - INR 51,000 crores approximately
Government of Orissa PL for 2500 Ha in Khandadhar in favour of the company. Matter Subjudice in Supreme Court in respect of Khandadhar iron ore mines.
On 29.12.2009, Ministry of Environment & Forests, accorded final (Stage-II) approval, for diversion of the forest land. Forest Clearance (Stage II) kept suspended since 06.08.2010.
Phase 1: 3.0 million tonne per annum will be commissioned 3 years after land possession.

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