Posco chapter closes as Odisha scraps land allotment

Bhubaneswar: The Posco Chapter finally came to a close after the Odisha government formally cancelled the allotment of land to the South Korean steel major today. A letter intimating the same has been sent by Odisha Industrial Infrastructure Development Corporation (Idco) to Posco authorities. With work yet to start after 3 years of land acquisition the allotment has been cancelled, cited Idco sources.

According to sources, the Odisha government has written 4 letters to Posco.

A total of 1880 acre land acquired in Kujang and Ersama tehsils of Jagatsinghpur was allotted to Posco. This land included 578 acre non-forest government land and 1301 acre forest land.

In February 2016, Posco authorities informed the state government that they were not keen on the project anymore.

Also Read: JSW likely to set up steel project on Posco land

“Posco was asked to take possession of the rest of the land by depositing the required funds. However, in return they said that they were not interested. Hence, Idco has informed them about the cancellation of land allotment,” said Industries minister, Debi Prasad Mishra.

The said land has been kept in a land bank. Sources informed that JSW has shown interest in setting up a steel plant. JSW chief Sajjan Jindal had met government officials yesterday in this regard.

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