NEW DELHI (Reuters) – POSCO’s(005490.KS: Quote, Profile, Research) planned $12 billion project in India got a boost on Friday after the Supreme Court said the government will decide on giving the South Korean steelmaker’s long-delayed plant preferential access to iron ore.

POSCO, the world’s fourth-largest steel producer, has waited eight years to get necessary clearances, land and an iron ore mining licence to start work on the project, billed as India’s largest foreign direct investment. The plant in eastern Odisha is slated to have a capacity of 12 million tonnes a year.

NEW DELHI (Reuters) – India’s biggest copper smelter will stay shut until at least May 14 when a court will review an environmental case again, prolonging a six-week shutdown which is squeezing local supplies and boosting copper concentrate processing fees in Asia.

The Sterlite Industries’ (STRL.NS: Quote, Profile, Research) plant, which meets half of India’s copper demand, was closed on March 30 after residents complained of emissions that led to breathing problems.

NEW DELHI, May 8 (Reuters) – India’s biggest copper smelter
will stay shut until at least May 14 when a court will review an
environmental case again, prolonging a six-week shutdown which
is squeezing local supplies and boosting copper concentrate
processing fees in Asia.

The Sterlite Industries’ plant, which meets half
of India’s copper demand, was closed on March 30 after residents
complained of emissions that led to breathing problems.

CHENNAI/NEW DELHI (Reuters) – A month-long shutdown at India’s largest copper smelter was extended for at least another week after a state tribunal unexpectedly said it would not rule on complaints about emissions.

The case was transferred to an environmental fast track court in Delhi from a regional branch in Tamil Nadu, where the smelter is located. Two court officials in Delhi told Reuters a hearing will take place on May 8.

CHENNAI/NEW DELHI, April 29 (Reuters) – A month-long
shutdown at India’s largest copper smelter was extended for at
least another week after a state tribunal unexpectedly said it
would not rule on complaints about emissions.

The case was transferred to an environmental fast track
court in Delhi from a regional branch in Tamil Nadu state, where
the smelter is located. Two court officials in Delhi told
Reuters a hearing will take place on May 8.

MUMBAI/NEW DELHI (Reuters) – Maruti Suzuki’s (MRTI.NS: Quote, Profile, Research, Stock Buzz) profit margins are set to show even stronger gains in the current quarter as India’s biggest car maker reaps an even greater windfall from cheaper yen-denominated imports of components.

The yen’s dramatic decline since Japan’s Prime Minister Shinzo Abe embarked on his campaign for bold monetary easing has proven to be a huge filip for Japanese and Japan-related firms, and could give Maruti a further leg up over rivals like Tata Motors Ltd (TAMO.NS: Quote, Profile, Research, Stock Buzz).

MUMBAI/NEW DELHI, April 26 (Reuters) – Maruti Suzuki’s
profit margins are set to show even stronger gains in
the current quarter as India’s biggest car maker reaps an even
greater windfall from cheaper yen-denominated imports of
components.

The yen’s dramatic decline since Japan’s Prime Minister
Shinzo Abe embarked on his campaign for bold monetary easing has
proven to be a huge filip for Japanese and Japan-related firms,
and could give Maruti a further leg up over rivals like Tata
Motors Ltd.

NEW DELHI (Reuters) – JSW Steel Ltd (JSTL.NS: Quote, Profile, Research) plans to bid for iron ore mining blocks in Karnataka that could go up for auction after a Supreme Court order last week, as the country’s third-largest steel producer looks to cut its dependence on costly imports.

JSW and rivals such as Essar Steel have been forced to import iron ore due to a ban on mining in two states of India, once the world’s third-largest iron ore exporter that is expected to be a net importer this year.

NEW DELHI, April 24 (Reuters) – India’s JSW Steel Ltd
plans to bid for iron ore mining blocks in Karnataka
state that could go up for auction after a Supreme Court order
last week, as the country’s third-largest steel producer looks
to cut its dependence on costly imports.

JSW and rivals such as Essar Steel have been
forced to import iron ore due to a ban on mining in two states
of India, once the world’s third-largest iron ore exporter that
is expected to be a net importer this year.

NEW DELHI/MUMBAI (Reuters) – The Supreme Court has kept a ban on bauxite mining in hills in Odisha considered sacred by residents, whose opinion it has ordered to be sought on whether digging would disrupt the environment or their livelihoods.

The Supreme Court also allowed just nine more iron ore mines to restart in Karnataka, in another decision reflecting the competition between the claims of environmental and social rights groups and the need for resources to power Asia’s third-largest economy.