Posco

Posco chases India dream again, thanks to IBC and rising steel capacity

The location of the new plant is not yet final, but Odisha is an option. If that happens, Posco's two-decade-long journey in India will have come full circle

JSW Steel, Posco plans to invest $7.7 billion in Odisha steel plant

Last week, JSW Steel and Posco signed an agreement to set up an integrated steel plant with an initial capacity of 5 million metric tons a year

JSW Steel, Posco look at 50:50 joint venture for steel plant in India

JSW Group and Posco have signed an agreement to set up a steel plant with an initial capacity of 5 mtpa in India

JSW-POSCO to set up greenfield steel plant in Odisha's Keonjhar: CM Majhi

Odisha Chief Minister Mohan Charan Majhi on Friday said that India's fastest growing conglomerate JSW Group and South Korean steel major POSCO will jointly set up a greenfield steel facility in his home district of Keonjhar. Majhi revealed this amid nationwide speculation over the exact location of the JSW-POSCO joint venture. "During our roadshows for the ensuing Make-in Odisha conclave in Delhi and Mumbai, I had discussed with both JSW and POSCO regarding the establishment of a steel plant in Odisha's mineral-rich Keonjhar district," Majhi, who is on a two-day visit to Keonjhar for celebrating Diwali, told reporters. "Meanwhile, they have signed an MoU. They will do it jointly. They have also mentioned doing it in Keonjhar district. It is under process and Odisha will get another steel plant," the chief minister said. The two steel makers on October 29 signed an MoU at JSW Group's corporate headquarters in Mumbai, in the presence of JSW Group Chairman Sajjan Jindal and POSCO ...

JSW Group, Korea's Posco partner to develop integrated steel plant in India

JSW Group and South Korea's Posco Group will also be exploring joint ventures in production and manufacturing within the electric vehicle sector

West Bengal CM Mamata asks police to register Kultuli case under Posco Act

West Bengal Chief Minister Mamata Banerjee on Sunday directed the police to register the alleged rape-murder case of a 10-year-old girl in South 24 Parganas district under the POCSO Act, and ensure that the culprits get capital punishment within three months. Her direction came on a day when Calcutta High Court ordered that the post-mortem examination of the schoolgirl be conducted at AIIMS Kalyani on Monday morning in the presence of the additional chief judicial magistrate of Baruipur court. The 10-year-old girl was allegedly raped and murdered while returning to her Joynagar home after attending her tuition classes on Saturday. Justice Tirthankar Ghosh, while hearing a petition filed by the girl's parents on Sunday, directed that if AIIMS Kalyani lacks the necessary infrastructure to conduct the post-mortem examination, it should be carried out at Jawaharlal Nehru Memorial (JNM) Hospital, also located in Kalyani, the court said. However, the post-mortem examination must be done

Truth will come out when court decides on POSCO case, says Yediyurappa

Responding to Karnataka Chief Minister Siddaramaiah's statement asking him to retire from public life as he is an accused in a POCSO Act case, veteran BJP leader B S Yediyurappa on Friday said the truth will come out when the court decides on the case, and the former will get a befitting reply. The former chief minister hit back at Siddaramaiah stating that the time for him to retire and go home is approaching, pointing at the Mysuru Urban Development Authority (MUDA) site allotment 'scam'. "He (Siddaramaih) has to say such things. The time for him to retire and go home is approaching, it is natural for him to say such things about others. "Who will retire, who will not, we will get to know in the days ahead, when the case is decided by the court in a few days. Let's decide who will retire after that," Yediyurappa said in response to a question. Speaking to reporters here, the 81-year-old leader said, "Truth will come out once the court decides (on the case against me). I won't say

Kiss playful, not predatory: Delhi HC dismisses PIL against Dalai Lama

Delhi High Court dismisses PIL seeking action against Dalai Lama under the POCSO Act over a kissing incident in 2023

HC reduces life sentence in POCSO case, cites no valid reason for penalty

The Karnataka High Court has reduced the sentence of an accused in a POCSO Act case from life imprisonment to 10 years, emphasising the need for valid reasons when imposing the maximum penalty. The accused, a 27-year-old man from Chikkamagaluru, had his appeal partially allowed by a division bench consisting of Justices Sreenivas Harish Kumar and C M Joshi. However, the court increased his fine from Rs 5,000 to Rs 25,000. The case involved the accused befriending and repeatedly sexually assaulting a minor girl in his neighborhood in June 2016. The girl's mother filed a complaint in December 2016 after finding that her daughter was pregnant. A DNA test confirmed the accused as the biological father. The police registered an FIR and filed a charge-sheet following their investigation. On June 11, 2018, a special court in the district headquarters town of Chikkamagaluru sentenced the accused to life imprisonment under Section 6 of the POCSO Act and imposed a Rs 5,000 fine after finding

SC grants bail to children of Delhi govt officer in minor's assault case

The Supreme Court has granted anticipatory bail to the daughter and son of suspended Delhi government officer Premoday Khakha in a case of alleged sexual assault of a minor girl by the arrested official. A bench of Justices CT Ravikumar and Rajesh Bindal granted the relief, noting that the petitioners have joined the investigation. "After going through the statement, and hearing learned counsel on both sides and after perusing the material on record, we are of the view that these Special Leave Petitions can be disposed of, directing the release of the petitioners on bail in the event of their arrest on furnishing a bond of Rs 25,000, subject to the satisfaction of the Investigating Officer and further subject to the conditions stipulated under section 438(2), CrPC," the bench said in an order on Monday. Advocates Shubhashis R Soren and Bhakti Singh appeared for the petitioners. The Delhi High Court on October 11 last year had refused to grant anticipatory bail to the daughter and

Union cabinet gives nod for extension of fast-track special courts: Reports

The Union Cabinet is learnt to have given its nod on Tuesday to extend by three years the continuation of the special fast-track courts that seek to deliver swift justice in cases involving sexual offences. After the passage of the Criminal Law (Amendment) Act in 2018 in the aftermath of the "Nirbhaya" gangrape case in Delhi, the Centre had decided to set up 1,023 fast-track special courts (FTSCs), including 389 to deal exclusively with cases related to violations of the Protection of Children from Sexual Offences (POCSO) Act, in 31 states and union territories. A government functionary had earlier said despite the Centre's efforts, only 754 of the 1,023 courts were operational. While several states had assured the Centre that they would set up such courts, not many were eventually operationalised. Though the scheme ended on March 31 this year, the law ministry has obtained permission to ensure that the funds continue. On Tuesday, the cabinet gave its nod to extend the scheme by t

JSW Steel beaten in race for Teck Resources Limited's coal business

Last month, the Sajjan Jindal-led steel giant confirmed that it had not changed its plans for a potential stake buy in Teck's unit.

Adolescent love can't be controlled, be careful in POCSO bails: Delhi HC

Adolescent love can't be controlled, judges have to be careful in POCSO bail cases: Delhi HC

Why half-nude body of man is normal but female body sexualised? Kerala HC

Justice Kauser Edappagath emphasised that nudity should not automatically be associated with sexuality but should be evaluated within the appropriate context

Land acquisition for JSW project to be done in 5 months: Odisha govt

In 2020, when the company proposed this project, the Odisha government reserved 2,700 acres of land acquired in 2013 for the failed Posco project

India risks widespread blackouts this summer: Here's why

Since the middle of March, the grid has routinely reported maximum loads above 195,000 MW, including a peak of 199,584 MW on April 8 - less than 0.5% below the record

POSCO makes a power move: Can steel major be fifth-time lucky in India?

The agreement with the mighty Adani group offers the South Korean giant a fifth shot at setting up an integrated steel plant in India

Posco, Adani Group to invest up to $5 bn for green steel mills in India

Sign non-binding MoU; to explore setting up an integrated steel plant at Mundra

Adani Group, POSCO sign agreement to develop steel mill in Gujarat

The investment is estimated to be up to $5 billion, according to the statement.

General Motors partners with POSCO to build NA battery materials plant

The move comes as GM is ramping up electric vehicle production and vowing to shift more of its supply chain to North America