JSW Steel acquires land in Odisha for a new plant

NCST Asks Odisha Government To Send Reports Regarding Mishap At JSW BPSL Plant

The necessary 2,950.31 acres have been given to JSW Utkal Steel, a wholly owned subsidiary of JSW Steel, in order to establish a 13.2 million-ton greenfield integrated steel plant in Odisha. The steel manufacturer announced in 2022 that it would gradually invest ₹65,000 crore to establish a steel plant in Odisha. The State already has significant reserves of iron ore owned by the company.

The massive Korean company Posco was originally supposed to build a 12-mtpa steel plant on the land parcel in Odisha that is closer to the Paradip port. However, local protests over land acquisition and postponed environmental clearance led to Posco abandoning the project before it could really take off. Forest Land made up about 2,677.80 acres of the total land required for the project. The necessary documents to transfer ownership of the 2,677.80 acres of forest land were given to JSW Utkal Steel on Thursday by the Collector and the Divisional Forest Officer of the Mangrove Forest Division in Rajnagar.

The non-forest land of 272.51 acres has already been leased in favour of JSW Utkal Steel by the Odisha government, it added without intimating when the project will be started.

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