JSW Steel may get the final go ahead from West Bengal government for its proposed greenfield integrated steel project at Salboni in West Bengal, in a week's time.
The company has already promised to achieve financial closure for 3 million tonne plant coupled with 300 MW captive power unit in phase-I, soon after receiving the approval from the State Government.
Land clearance
According to sources close to the development, the Chief Minister, Ms Mamata Banerjee, has approved the proposal for regularising JSW's possession of 297 acres of land, directly purchased from the farmers. The company was holding the land – dispersed across the proposed project area of 4,334 acres – without due notification under the Land Reforms Act, 1955. The notification is required for holding beyond 24 acres in rural areas of Bengal.
“We are hopeful of receiving the due approval,” Mr Biswadip Gupta, Managing Director of JSW Bengal, told
‘Commitment dossier'
Meanwhile the State Commerce and Industry Minister, Mr Partha Chatterjee, on Saturday asked JSW management to create a single dossier detailing the promises and commitments made to the State Government.
All the earlier agreements made by the company to the previous State Government will be scrapped by Ms Mamata Banerjee led government as there were different agreements for different commitments and with different departments, Mr Chatterjee said. “Whatever promises and commitments the group has made will be a part of one agreement. There is no need to create different agreements for different commitments,” Mr Chatterjee told newspersons after a meeting with JSW at writer's Buildings.
“We (JSW) will submit the relevant documents to the Government in next couple of days,” Mr. Gupta said.
Haldia Petrochem
Mr Chatterjee also met the TCG Group chief, Mr Purnendu Chatterjee, on Saturday evening. While the outcome was not known, sources suggested that the meting was part of an exercise by the State Government to resolve the ownership issues in the company.