Bengal government’s bid to regularise JSW’s land (Lead)

August 11th, 2011 - 1:14 am ICT by IANS  

Kolkata, Aug 10 (IANS) In its bid to regularise the land bought by JSW Bengal for its integrated steel plant, the West Bengal government Wednesday decided to vest 270 of the 294 acres bought by the company at Salboni in West Midnapore district.

The vested land would be returned to the Sajjan Jindal promoted JSW Steel - the original owner - so that the government could lease the entire land to the company, said a company official.

Quoting Section 14Y of the West Bengal Land Reforms Act, 1955, Land and Land Reforms secretary L.N. Meena said one cannot buy over 24 acres under a single owner.

“They bought land directly from the owners but they bought 294 acres. So we have decided to vest 270 acres, leaving out 24 acres. The 270 acres will be returned to the original owner (the steel company),” Meena told mediapersons at the state secretariat here.

“We had a meeting with the JSW officials today. They have asked for 49 acres for railway connectivity. We have asked them to apply. If they do so, we will consider it,” Meena added.

In 2007, JSW Steel had inked a deal to construct a 10 million tonnes steel plant at an investment of Rs.350 billion (over $7 billion) at Salboni in West Midnapore district.

Related Stories

Tags: , , , , , , , , , , , ,

Posted in Business |

Subscribe