Posco

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

10-year-old dyslexic girl raped by principal in Bengaluru school

Based on the complaint filed by the victim’s mother, a case under relevant sections of the Protection of Children Against Sexual Offences Act (POCSO) and 376 (rape) of the Indian Penal Code was registered in connection with the incident, a senior police officer said.

Adani plans steel foray via POSCO JV, $5 billion earmarked

Through the non-binding agreements, the two companies also intend to further collaborate at the group level in other businesses like renewable energy, hydrogen, and logistics that are aimed towards carbon reduction

Tata Steel, POSCO join forces to develop hyperloop tubes

Richard Branson’s Virgin Hyperloop on Sunday completed the world’s first passenger ride on their levitating pod system, which it hopes will transform human and cargo transportation while slashing carbon emissions.

RINL, POSCO to form joint working group for Andhra Pradesh steel project

The South Korean steel major and state-owned RINL have been in talks for quite some time over their plans to set up a joint venture (JV) for manufacturing value-added special grade of steel.

Chart of the day | Power demand has risen above its levels a year ago

Power demand had suffered deep cuts because of the COVID-19 lockdowns

Chart of the Day: What satellite data says about the health of industrial activity after COVID hit

A newly launched industrial activity tracker attempts to show the state of the world as COVID hit. India suffered severe damage, it shows.

Asian spot LNG prices edge higher as supply tightens

The average LNG price for April delivery into northeast Asia is estimated at about $3.20 per million British thermal units (MMBtu), 20 cents higher from the previous week, but still, near-record low prices, several traders said.

South Korea's POSCO continues exploring JV possibility with RINL in Visakhapatnam

The South Korean steel major is looking to set up a joint venture with RINL in Visakhapatnam for manufacturing of value-added special grade of steel.

50% people feel women are unsafe in Delhi, 21% in Mumbai: Study

The number of cases registered under the POCSO Act has increased to 1,137 in 2017-18 from 991 in 2016-17

Ordinance underscores Modi govt's commitment to women's safety: Amit Shah

He said such a law will act as a deterrent to crimes against girls.

Child rights activists oppose death penalty for rape of minors

The Union Cabinet on Saturday approved an ordinance to allow courts to award death penalty to those convicted of raping children up to 12 years of age.

Nobel laureate Satyarthi pitches for NGT like children's tribunal

Citing recent incidents of sexual abuse of minor girls, the child rights activist said such cases give the country a "bad name".

Essar renews pact with Posco to supply more steel in FY18

This is the second year in a row that Essar Steel has signed such a contract with Posco. The contracted volume this year is higher by 30% compared to last year. The contract this time too, like last year, is for 12 month's supply of steel, the other official said.

India mulls local steel requirement for $59 bn infra spend

The government expects the move to boost sales of local companies such as JSW Steel and Tata Steel , and eventually attract global steelmakers such as ArcelorMittal and POSCO to invest in the country, five steel ministry sources told Reuters.

Posco chief, Samsung exec grilled in S Korea scandal probe

South Korean prosecutors investigating a corruption scandal engulfing President Park Geun-Hye questioned the head of the country's largest steelmaker as well as a top Samsung executive today

SAIL, Posco ink MoU for technical cooperation

Domestic steel major SAIL today said it has signed a memorandum of understanding (MoU) with South Korean giant Posco for technical collaboration for operational improvements.

POSCO Q3 profit jumps to over 4 year high as China prices gain

Steel prices in China, the world's biggest consumer and producer, have rallied 50 percent this year as Beijing's efforts to reduce a crippling overcapacity in the sector have led to lower inventories of the alloy in the country.

Uttam Galva close to selling Wardha unit to Posco, Tidfore: Srcs

Quoting sources, CNBC-TV‘s Ritu Singh says that Posco and Tidfore will complete its feasibility study by September 30 and then present the final offer for the plant. The company is likely to make investment of USD 500 million in Wardha plant.

Chinese firm to invest up to $150 mn in Uttam Group's project

Uttam Group today said it has signed an investment agreement of up to USD 150 million with Chinese firm Tidfore Heavy Equipment Group Co Limited.

'India promoting its steel industry with trade protectionism'

"It seems India is seeking to boost its domestic steel industry with some help from trade protectionism, making China a primary victim of Indian trade investigations," an article in the state-run Global Times said.

India urges POSCO to use local raw material for auto steel plant

The steel ministry's request to POSCO came amid other efforts to safeguard local mills, including import taxes on steel products and a floor price on overseas purchases.

No info from Posco on 'disinterest' in Odisha project: Govt

"Government has not received any communication from Posco in this regard," Minister of State for Steel Vishnu Deo Sai said in a written reply to Rajya Sabha on whether the firm has shown disinterest in pursuing its steel plant in Odisha.

Odisha SEZ: Posco seeks cancellation of in-principle approval

An inter-ministerial Board of Approval (BoA), chaired by the Commerce Secretary Rita Teaotia, will consider the request from Posco's subsidiary Posco India Pvt Ltd on April 28, the Commerce Ministry said.

POSCO says won't be able to set up Odisha plant by July 2017

Regulatory hurdles have pushed back the project, billed as India's biggest foreign direct investment, for more than a decade.