JSW Steel's subsidiary, JSW Utkal Steel, has gained possession of 2,677.80 acres of forest land in Odisha for a planned 13.2 million metric tons integrated steel plant. This move follows the company's environmental clearance from the Ministry of Environment & Forest in April 2022, later re-validated in September last year, marking progress amid some procedural adjustments.
JSW Utkal Steel, a subsidiary of JSW Steel Ltd., has attained possession of 2,677.80 acres of forest land in Jagatsinghpur, Odisha, marking a significant stride in their pursuit to establish a massive 13.2 million metric tons integrated steel plant. This strategic acquisition aligns with their expansion objectives in the region.
The land acquisition venture stands on the foundation of an already leased 272.51 acres provided by the state government. It underscores JSW Steel's commitment to materialize their industrial ambitions in Odisha. This development has been preceded by a rigorous and extensive pursuit of regulatory clearances.
The environmental clearance from the Union Ministry of Environment & Forest obtained in April 2022 paved the initial path for this undertaking. Subsequently, the re-validation of this clearance in September last year reiterated the project's environmental compliance, although accompanied by minor procedural adjustments.
JSW Utkal Steel's endeavor represents a substantial step towards augmenting the steel industry's footprint in the region. The acquisition of forest land and the subsequent environmental clearances stand as pivotal milestones in the company's journey towards realizing their ambitious steel plant project.
In conclusion, JSW Utkal Steel's possession of 2,677.80 acres of forest land in Odisha signifies progress towards establishing their envisioned 13.2 million metric tons integrated steel plant. The re-validation of environmental clearances underscores their adherence to regulatory standards. This development propels JSW Steel's commitment to expanding its industrial presence.