"SAIL is in preliminary discussions with Nippon Steel & Sumitomo Metal Corp and Kobe Steel on various areas of operations of steel plants," a source said.In March, Posco-India requested the Odisha government to take back its 2,700 acres of land provided at Paradip in Jagatsingpur district for setting up a 12 MTPA steel project.Bidding for the block, larger than all the rest of them put together, started with a floor price of 89.4 per cent of sale price.The steel maker's proposed project in Odisha has been stalled for about a decade on account of regulatory hurdles, including delays in land acquisition.Hunt for the brightest engineers in IndiaWhen asked about chances of the JV plans getting scrapped with ArcelorMittal all set to enter India after winning Essar Steel, SAIL Chairman A K Chaudhary replied, the company had said "they need time as they were busy with Essar Steel. For representational purposes (File | Reuters)Copyright - newindianexpress.com 2020With the CM directing the officials to make arrangements to take forward the matter, the Posco CEO said that a technical team will visit AP soon to study the feasibility. The views expressed in comments published on newindianexpress.com are those of the comment writers alone. Andhra Pradesh plans new entity, Seema Steel to go
The entry of POSCO in the sector will halt the expansion of Visakhapatnam Steel Plant in future, he said. POSCO has been making unsuccessful attempts for the past several areas to locate a steel plant in a coastal area, he said, adding that it was now eyeing Visakhapatnam to set up the plant. Communist Party of India (CPI) State joint secretary JV Satyanarayana Murthy said POSCO will hardly invest Rs 5,000 crores in the project. He said the VSP was paying tax to the tune of Rs 17,000 crores and at least one lakh people are directly or indirectly dependent on the Navaratna company.The views expressed in comments published on newindianexpress.com are those of the comment writers alone. He said the Visakhapatnam Steel Plant was not given captive mines due to which the plant was incurring high production cost. He said it will be mutually beneficial if a steel plant was set up by Rashtriya Ispat Nigam Limited (RINL) in partnership with public sector undertakings National Mineral Development Corporation (NMDC) or Steel Authority of India Limited (SAIL), which have captive iron ore mines. Rajasekhar said, “We will fight tooth and nail against the entry of private sector plant. Here is the same China-inspired attempt to kill another South Korean industrial investment today. Posco officials had visited Andhra Pradesh to explore the possibility of setting up an integrated steel plant but it was more of a recce. Following a series of discussions amongst employees and executives, the Standards were drafted and modified to cover the mission, case, background, guide, and summary of each module.Following the meeting, an unveiling ceremony was held for a media art created with POSCO's Charter of Corporate Citizenship. Posco CEO Bang Gil Ho called on Chief Minister YS Jagan Mohan Reddy at … A subsidiary of POSCO Korea, POSCO Maharashtra Steel is now here in India to provide a wide range of integrated services, ranging from coated steel such as Galvanized, Galvannealed, Cold rolled and Electrical steel which are applicable to all varieties of industries, such as Automobile, home appliance…