Jatindra's Feed
Oct 28, 2015

Odisha looks to revive bauxite mining in Niyamgiri hills

BHUBANESWAR/NEW DELHI (Reuters) – Odisha is seeking to revive a controversial plan to mine for bauxite in the Niyamgiri hills, a lushly forested area that the Dongria Kondh tribe considers sacred, a minister said on Wednesday.

The proposal, which sparked an angry response from green groups, comes nearly two years after local residents successfully blocked a request by London-listed Vedanta Resources (VED.L: Quote, Profile, Research, Stock Buzz) to mine in the area.

Oct 28, 2015

Indian state looks to revive bauxite mining in sacred hills

BHUBANESWAR/NEW DELHI, Oct 28 (Reuters) – India’s Odisha
state is seeking to revive a controversial plan to mine for
bauxite in the Niyamgiri hills, a lushly forested area that the
Dongria Kondh tribe considers sacred, a minister said on
Wednesday.

The proposal, which sparked an angry response from green
groups, comes nearly two years after local residents
successfully blocked a request by London-listed Vedanta
Resources to mine in the area.

Sep 2, 2015

Sixty-one infants die at Odisha hospital in just two weeks

CUTTACK, India (Reuters) – Sixty-one infants have died at a children’s hospital in Cuttack in Odisha in just two weeks, sparking protests and forcing the state government to launch an investigation.

The deaths highlight the challenges faced in India’s underfunded public health system, where successive governments have failed to address the acute shortage of staff and clinics.

Aug 7, 2015

Exclusive – NALCO seeks to set up $2.6 billion Iran aluminium complex

BHUBANESWAR/NEW DELHI (Reuters) – India’s National Aluminium Co Ltd (NALCO) wants to set up an aluminium smelter and an associated power plant in Iran worth as much as $2.6 billion, its boss said, once sanctions against the country start to be lifted.

Tapan Kumar Chand will meet with India’s foreign ministry officials and the ambassador of Iran in New Delhi next week to take things forward, he said in his first interview since being appointed as the chairman-cum-managing director of NALCO last week.

Aug 7, 2015

India’s NALCO seeks to set up $2.6 bln Iran aluminium complex

BHUBANESWAR/NEW DELHI, Aug 7 (Reuters) – India’s National
Aluminium Co Ltd (NALCO) wants to set up an aluminium
smelter and an associated power plant in Iran worth as much as
$2.6 billion, its boss said, once sanctions against the country
start to be lifted.

Tapan Kumar Chand will meet with India’s foreign ministry
officials and the ambassador of Iran in New Delhi next week to
take things forward, he said in his first interview since being
appointed as the chairman-cum-managing director of NALCO last
week.

Jul 21, 2015

Vedanta may cut jobs at aluminium unit as prices tank

NEW DELHI/BHUBANESWAR, India (Reuters) – The aluminium business of Vedanta Ltd(VDAN.NS: Quote, Profile, Research) has scaled down operations and may make “huge” job cuts due to low world prices and rising imports, its head told Reuters, urging the government to double the tariffs on foreign supply.

Vedanta, controlled by billionaire Anil Agarwal, is running its main plant at a third of capacity even as global output in the first half of the year rose at its fastest pace since 2010. China, the world’s biggest producer, raised output by 18 percent against world growth of 10.3 percent.

Jul 21, 2015

India’s Vedanta may cut jobs at aluminium unit as prices tank

NEW DELHI/BHUBANESWAR, India, July 21 (Reuters) – The
aluminium business of India’s Vedanta Ltd has scaled
down operations and may make “huge” job cuts due to low world
prices and rising imports, its head told Reuters, urging the
government to double the tariffs on foreign supply.

Vedanta, controlled by billionaire Anil Agarwal, is running
its main plant at a third of capacity even as global output in
the first half of the year rose at its fastest pace since 2010.
China, the world’s biggest producer, raised output by 18 percent
against world growth of 10.3 percent.

Jul 16, 2015

South Korea’s POSCO may scrap planned $12 bln India steel project

NEW DELHI/BHUBANESWAR, India, July 16 (Reuters) – South
Korean steelmaker POSCO could scrap plans for a $12
billion project it agreed to set up in India a decade ago, after
a new law made it costlier to source iron ore for the plant, a
company spokesman told Reuters.

The U.S.-listed shares of POSCO fell as much as 3.3
percent to their lowest in more than six and a half years after
the report.

Jul 16, 2015

POSCO may scrap planned $12 billion India steel project

NEW DELHI/BHUBANESWAR, India (Reuters) – South Korean steelmaker POSCO could scrap plans for a $12 billion project it had agreed to set up in India a decade ago, after a new law makes it costlier to source iron ore for the plant, a company spokesman said.

The 2005 project to set up a steel plant in Odisha was billed as India’s biggest foreign direct investment at the time, but it has encountered a series of delays.

Apr 7, 2015

Police kill 20 stone-throwing sandalwood smugglers – officials

BHUBANESWAR, India (Reuters) – Police shot dead 20 stone-throwing sandalwood smugglers on Tuesday during the biggest operation for years to stamp out trafficking of the rare commodity, law-enforcement authorities said.

Opposition politicians and human rights activists challenged the report, maintaining that those killed in the incident in Andhra Pradesh were only unarmed labourers and calling for an investigation.