Space Travel News  
TRADE WARS
Fate of six-billion-dollar Indian steel plant in jeopardy

by Staff Writers
New Delhi (AFP) Nov 27, 2010
The future of a proposed six-billion dollar steel plant in eastern India was in doubt Saturday after the government raised questions about environmental clearance given for the project.

Jindal Steel and Power's proposed six-million-ton-a-year steel plant in Angul town is the fourth major project to face problems in the mineral-rich state of Orissa.

The environment ministry asked the company on Friday to explain why clearance for the project should not be revoked, accusing Jindal Steel of violating the terms of environmental approval granted in 2007.

If Jindal Steel's clearance is revoked, it would be a major setback for the ambitious expansion plans of India's fourth-largest domestic steel producer.

Jindal Steel was not supposed to build anything on forest land that is part of the project area. But the Orissa state government has reported construction activity, such as building of roads and storage facilities, is taking place in the forest area, the ministry said.

Sushil Maroo, Jindal Steel's chief financial officer, said the company has not received any environment ministry notice yet.

"We haven't violated any environmental laws. Our project has both environmental and forest clearance," Maroo said. But he added some "minor infrastructure work" may have taken place on the forest land.

Britain's Vedanta Resources' proposal to mine Orissa's remote Niyamgiri Hills for bauxite was recently rejected by the environment ministry, fearing it would damage the ecology and affect local tribes.

Mega steel projects by ArcelorMittal, POSCO and Tata Steel have also been unable to get off the ground for the last five years as environmental laws, tribal rights and protests by landowners have made it tough to acquire land.

Jindal Steel and peers such as Tata Steel and JSW Steel are trying to get massive steel projects started as soon as possible to take advantage of domestic demand, which is expected to grow more than 10 percent annually over the next decade to feed a fast-growing economy.

In the past, when India's environment ministry was seen as little more than a "rubber stamp", some companies embarked on unauthorised construction but Environment Minister Jairam Ramesh has shown a keenness to police the rules.

-- Dow Jones Newswires contributed to this report --



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Global Trade News



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


TRADE WARS
China, Russia ink deals worth 8.5 billion dollars: Wen
Moscow (AFP) Nov 24, 2010
Premier Wen Jiabao said on Wednesday that Chinese companies had signed a dozen deals with Russian counterparts worth more than 8.5 billion dollars as he held top-level talks near Moscow. "This morning our entrepreneurs signed 13 contracts worth 8.6 billion dollars," Wen told Russian President Dmitry Medvedev during talks at the Gorky residence outside Moscow. He said that in total 19 con ... read more







TRADE WARS
Ariane rocket puts telecom satellites into orbit

45th Space Wing Launches NRO Satellite

FAA issues private spacecraft permit

Ball Aerospace STPSat-2 Satellite Launches Aboard STP-S26 Mission

TRADE WARS
Opportunity Checks out Intrepid Crater

Shallow Groundwater Reservoirs May Have Been Common On Mars

Earth bacteria could survive on Mars

Russia To Launch Unmanned Lander To Martian Moon In October 2011

TRADE WARS
Neptec Wins Canadian Space Agency Contract To Develop A New Generation Of Lunar Rovers

Mission to far side of moon proposed

Mining On The Moon Is A Not-So-Distant Possibility

A Softer Landing on the Moon

TRADE WARS
Kuiper Belt Of Many Colors

Reaching The Mid-Mission Milestone On The Way To Pluto

New Horizons Student Dust Counter Instrument Breaks Distance Record

Nitrogen Methane Dominate Icy Surface Of Eris

TRADE WARS
500th 'extrasolar' planet discovered

Planet From Another Galaxy Discovered

First glimpse of a planet from another galaxy

Eartly Dust Tails Point To Alien Worlds

TRADE WARS
Russia To Start Work On Nuclear Space Engine Next Year

Aerojet's High-Power Hall System Propels USAF AEHF Satellite

Masten Space Systems And Space Florida Sign Letter Of Intent

DARPA Concludes Review Of Falcon HTV-2 Flight Anomaly

TRADE WARS
Condition Of China's Lunar Probe To Determine Future Application

Tasks For Tiangong

China To Launch First Female Astronauts

Two Telescopes For Tiangong

TRADE WARS
NASA Spacecraft Burns For Another Comet Flyby

Hayabusa's Harvest

Comet Snowstorm Engulfs Hartley 2

Japan confirms space probe brought home asteroid dust


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement