<p>The Odisha State Government is targeting to complete the land acquisition process for the proposed steel plant project of JSW Utkal Steel Ltd in Odisha’s Jagatsinghpur district in next five months. Industrial Promotion and Investment Corporation of Odisha official said “Part of the land acquired for Posco has been transferred to JUSL. At present, construction of the boundary wall for the project site is going on. The land alienation process is going on and will be completed in the next four to five months.”</p> <p>JSW Utkal Steel Ltd requires 2,980 acres of land near Paradip in Jagatsinghpur to set up a 13.2 million tonne per annum integrated steel project at the site with an investment of INR 65,000 crore and very recently got environmental clearance from the Union Environment, Forest, and Climate Change Ministry for the project.</p> <p>Posco had signed a MoU with the Odisha government in 2005 to set up a 12 million tonne capacity steel project at the site with an investment of INR 52,000 crore. However, 12 years later following public resistance to the project as well as regulatory hurdles, the South Korean steel major had officially withdrawn from the project in 2017. In 2020, when JSW Utkal Steel Ltd proposed this project, the Odisha government reserved 2,700 acres of land acquired in 2013 for the failed Posco project.</p>
<p>The Odisha State Government is targeting to complete the land acquisition process for the proposed steel plant project of JSW Utkal Steel Ltd in Odisha’s Jagatsinghpur district in next five months. Industrial Promotion and Investment Corporation of Odisha official said “Part of the land acquired for Posco has been transferred to JUSL. At present, construction of the boundary wall for the project site is going on. The land alienation process is going on and will be completed in the next four to five months.”</p> <p>JSW Utkal Steel Ltd requires 2,980 acres of land near Paradip in Jagatsinghpur to set up a 13.2 million tonne per annum integrated steel project at the site with an investment of INR 65,000 crore and very recently got environmental clearance from the Union Environment, Forest, and Climate Change Ministry for the project.</p> <p>Posco had signed a MoU with the Odisha government in 2005 to set up a 12 million tonne capacity steel project at the site with an investment of INR 52,000 crore. However, 12 years later following public resistance to the project as well as regulatory hurdles, the South Korean steel major had officially withdrawn from the project in 2017. In 2020, when JSW Utkal Steel Ltd proposed this project, the Odisha government reserved 2,700 acres of land acquired in 2013 for the failed Posco project.</p>
