The Odisha Government is all set to hand over 1,554 acres of land to Posco-India for setting up its proposed mega steel project in Jagatsinghpur district, official sources said today.
“The State Government has already handed over 546 acres of land to Posco and the rest 1,554 acres is ready to be handed over to the company,” official sources said quoting the recent status report on Posco-India project.
The Government expects that with the handing over of the land, the company would expedite its corporate social responsibility (CSR) activities at the proposed plant site villages, the sources said.
The State Government maintains that the South Korean steel major required 2,700 acres for its 8 mtpa capacity steel facility near Paradip on stage-1.
Of the immediate requirement of 2,700 acres, the state-owned Industrial Infrastructure Development Corporation (IDCO) has already acquired 2,100 acres.
“Balance 600 acres of land is expected to be acquired within the next four months. After that, IDCO will be in a position to hand over this land to Posco,” it said adding that the company required a total of 4,004 acres for setting up its proposed 12 mtpa greenfield steel project at an investment of Rs 52,000 crore.
Land acquisition
The required land (4,004 acres) would be acquired from eight villages like Nuagaon, Dhinkia, Noliasahi, Gobindpur, Polang, Bayanalakanda, Bhuyanpal and Jatadhar, the sources said.
This apart, the state-owned Industrial Promotion and Investment Corporation Ltd has also recommended 1,500 acres for township at Paradip and 20 acres for Posco-India’s corporate headquarters at Bhubaneswar.
The State Government has also accorded administrative approval for 437.69 acres of private land for the project site and 52.30 acres for township, they said.