Jatindra's Feed
Oct 18, 2014

India delays decision on iron ore licence for POSCO’s $12 bln plant

BHUBANESWAR, India, Oct 18 (Reuters) – India’s federal
government has again delayed a decision on permitting POSCO
to mine iron ore, seeking more clarifications from
Odisha state where the South Korean company has waited nine
years to set up a $12 billion steel plant.

Former Prime Minister Manmohan Singh said in January
POSCO’s request for a mining licence – the final regulatory
hurdle for the project which would be the biggest foreign direct
investment in India – was at an “advanced stage of processing”.

Oct 13, 2014

Cyclone Hudhud blasts India’s east coast, at least five dead

VISAKHAPATNAM India (Reuters) – Cyclone Hudhud blasted India’s eastern seaboard on Sunday with gusts of up to 195 km per hour (over 120 mph), uprooting trees, damaging buildings and killing at least five people despite a major evacuation effort.

The port city of Visakhapatnam, home to two million people and a major naval base, was hammered as the cyclone made landfall, unleashing the huge destructive force it had sucked up from the warm waters of the Bay of Bengal.

Oct 12, 2014

Cyclone Hudhud hammers India’s eastern seaboard, at least two dead

VISAKHAPATNAM, India, Oct 12 (Reuters) – Cyclone Hudhud
blasted India’s eastern seaboard on Sunday with gusts of up to
195 kilometres an hour (over 120 mph), uprooting trees, damaging
buildings and killing at least two men despite a major
evacuation effort.

The port city of Visakhapatnam, home to two million people
and a major naval base, was hammered as the cyclone made
landfall, unleashing the huge destructive force it had sucked up
from the warm waters of the Bay of Bengal.

Oct 12, 2014

Cyclone Hudhud reaches peak strength, pounds India’s eastern seaboard

VISAKHAPATNAM India (Reuters) – Cyclone Hudhud, packing gusts of up to 195 kilometers an hour (over 120 mph), reached peak strength and caused extensive damage to India’s eastern seaboard on Sunday morning.

It was expected to hit the coast with full force around noon local time.

India’s disaster relief agency organized the evacuation of more than 150,000 people on Saturday to minimize the toll from Hudhud – which is similar in size and power to cyclone Phailin that devastated the area a year ago to the day.

Oct 11, 2014

India evacuates 150,000 as cyclone Hudhud intensifies

PUDIMADAKA, India, Oct 11 (Reuters) – About 150,000 people
were evacuated on India’s eastern seaboard on Saturday as
cyclone Hudhud bore down and grew in sheer force, threatening to
devastate farmland and fishing villages when it hits the coast
on Sunday morning.

The India Meteorological Department (IMD) rated Hudhud as a
very severe cyclonic storm that could pack gusts of 195 km/h
(over 120 mph) and dump more than 24.5 cm (10 inches) of rain
when it makes landfall.

Oct 11, 2014

About 100,000 evacuated as cyclone Hudhud bears down on India coast

PUDIMADAKA India (Reuters) – At least 100,000 people were evacuated on India’s eastern seaboard on Saturday as cyclone Hudhud bore down, threatening to devastate farmland and fishing villages when it hits the coast on Sunday morning.

The India Meteorological Department (IMD) rated Hudhud as a “very severe cyclonic storm” that could pack gusts of up to 165 km/h (over 100 mph) and dump more than 24.5 cm (10 inches) of rain in some places when it makes landfall.

Sep 22, 2014

Coal import rush leads to port congestion

NEW DELHI/BHUBANESWAR (Reuters) – India’s power and steel companies are importing shiploads of coal due to a severe shortage at home, leading to heavy congestion in one of the country’s busiest ports that now has twice the number of vessels waiting than its available berths.

The over-crowding at Paradip port in Odisha could derail India’s efforts to prevent a shutdown of more than half of its power plants which are running on stocks of less than a week in the worst deficit since a massive blackout in 2012.

Sep 22, 2014

India’s coal import rush leads to port congestion

NEW DELHI/BHUBANESWAR, Sept 22 (Reuters) – Indian power and
steel companies are importing shiploads of coal due to a severe
shortage at home, leading to heavy congestion in one of the
country’s busiest ports that now has twice the number of vessels
waiting than its available berths.

The over-crowding at Paradip port in eastern Odisha could
derail India’s efforts to prevent a shutdown of more than half
of its power plants which are running on stocks of less than a
week in the worst deficit since a massive blackout in 2012.

Aug 25, 2014

Gautam Adani to invest $2 billion in Odisha power plant

BHUBANESWAR, India (Reuters) – Billionaire Gautam Adani plans to invest $2 billion to build a 2,500 megawatt power plant in Odisha, which would raise group capacity by a quarter and boost supply in a country where a third of the population still goes without power.

A college dropout and self-made entrepreneur, Adani has built a power, mining and ports giant with revenue of nearly $9 billion. Among his latest purchases in an expansion spree was the $327 million acquisition of a power plant from Lanco Infratech (LAIN.NS: Quote, Profile, Research) earlier this month.

Aug 25, 2014

Indian billionaire Adani to invest $2 bln in new power plant

BHUBANESWAR, India, Aug 25 (Reuters) – Indian billionaire
Gautam Adani plans to invest $2 billion to build a 2,500
megawatt power plant in Odisha state, which would raise group
capacity by a quarter and boost supply in a country where a
third of the population still goes without power.

A college dropout and self-made entrepreneur, Adani has
built a power, mining and ports giant with revenue of nearly $9
billion. Among his latest purchases in an expansion spree was
the $327 million acquisition of a power plant from Lanco
Infratech earlier this month.