Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Govt to decide after DC’s report.
Project faces local and environmental opposition.
Final call will weigh jobs vs ecology.
Karnataka Chief Minister Siddaramaiah has announced that the state government will make a decision regarding the proposed Baldota steel plant in Koppal after reviewing a detailed report from the district's Deputy Commissioner (DC). The ₹54,000 crore project by the Baldota Group has faced local opposition due to environmental concerns.
Speaking to the media in Hosapete, Vijayanagar district, CM Siddaramaiah stated that the DC has been instructed to submit a comprehensive assessment addressing compliance with regulations and potential environmental impacts. The government will base its decision on the findings of this report.
The Baldota Group's greenfield steel project aims for a production capacity of 10.5 million tonnes per annum and promises to create approximately 15,000 jobs. However, the project has been met with resistance from local communities and environmental groups concerned about pollution and ecological impact.
In March, following protests and a memorandum from local leaders, the CM directed the Koppal district administration to halt preparatory work on the plant. Despite this, reports indicated that construction activities continued, leading to further demonstrations and demands for administrative accountability.
Also Read : SAIL Chairman Warns: Rising US Tariffs Could Flood India with Cheap Steel Imports Steel Industry to Supply MSMEs at Export Prices
The government is actively pursuing initiatives to bolster the labelling and branding of steel secto...
Press Releases 07-Feb-2024
The government's priorities for the coal sector include implementing a program...
Announcement 03-Jan-2024
REC Limited, a Maharatna CPSE under the Ministry of Power, received the Scope Excellence Award in Sp...
Press Releases 20-Jan-2024
The government is working with the steel sector to develop a "one nation, one buying coking-coal pol...
Notification 15-Jul-2024
The 63rd Central Geological Programming Board (CGPB) meeting was held in Bhopal, chaired by Mines Se...
Press Releases 22-Jan-2024
The Indian government has launched a new initiative to promote electric vehicles in the country. Aft...
Announcement 02-Apr-2024