{"id":9232,"date":"2024-06-14T14:16:05","date_gmt":"2024-06-14T14:16:05","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=9232"},"modified":"2024-06-14T14:16:05","modified_gmt":"2024-06-14T14:16:05","slug":"posco-adani-join-hands-for-5-billion-steel-project-in-gujarat","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/posco-adani-join-hands-for-5-billion-steel-project-in-gujarat\/","title":{"rendered":"Posco, Adani join hands for $5 billion steel project in Gujarat"},"content":{"rendered":"<p>After Tata Motors shifted its factory to Sanand in<u>Gujarat<\/u>in 2008, following violent protests at Singur in West Bengal, another big-ticket  project, this time by South Korean steel giant<u>Posco<\/u>, has come calling to Gujarat, seeking a fresh lease of life for its steel project in India.<\/p>\n<p>For this, the steel-maker has joined hands with billionaire Gautam Adani-led<u>Adani Group<\/u>and on Thursday they announced the signing an agreement to establish an integrated steel mill at<u>Mundra<\/u>and to explore cooperation in other businesses. The pact envisages an estimated investment of $5 billion.<\/p>\n<p>Poscos plans for the steel project in India have been blocked for many years now due to protests by farmers and land acquisition issues in states such as Odisha and Karnataka.<\/p>\n<p>Presently, the South Korean major runs POSCO-Maharashtra, a 1.8-million-ton cold-rolled and galvanized mill regarded as the most advanced automotive steel supplier in <div class=\"youtube-subscribe-container\">\r\n        <a <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> India, and four processing centres, at Pune, Delhi, Chennai and Ahmedabad.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After Tata Motors shifted its factory to Sanand inGujaratin 2008, following violent protests at Singur in West Bengal, another big-ticket project, this time by South Korean steel giantPosco, has come calling to Gujarat, seeking a fresh lease of life for its steel project in India. For this, the steel-maker has joined hands with billionaire Gautam &#8230; <a title=\"Posco, Adani join hands for $5 billion steel project in Gujarat\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/posco-adani-join-hands-for-5-billion-steel-project-in-gujarat\/\">Read more <span class=\"screen-reader-text\">Posco, Adani join hands for $5 billion steel project in Gujarat<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1084],"tags":[812],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Posco, Adani join hands for $5 billion steel project in Gujarat - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/posco-adani-join-hands-for-5-billion-steel-project-in-gujarat\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Posco, Adani join hands for $5 billion steel project in Gujarat\" \/>\n<meta property=\"og:description\" content=\"After Tata Motors shifted its factory to Sanand inGujaratin 2008, following violent protests at Singur in West Bengal, another big-ticket project, this time by South Korean steel giantPosco, has come calling to Gujarat, seeking a fresh lease of life for its steel project in India. For this, the steel-maker has joined hands with billionaire Gautam ... 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