Steel ministry raises concern over project delays

Bhubaneswar: The Union steel ministry raising concern over the execution of several steel projects in the State has asked the State government to submit a detailed report on the impediments encountered by the project proponents in executing several steel projects including Posco, Tata and JSPL.
In a recent letter to Odisha chief secretary BK Patnaik, the State government has been asked to furnish details about the hurdles faced by eight such projects by 12th of this month.
The projects include Amtek Metal and Mining Limited, Uttam Galva Steel Limited, Essar Steel Holding Limited, Tata Steel Limited, Posco India, Monet Ispat and Energy Limited, Visa Steel Limited, and Jindal Steel and Power Limited.
Meanwhile, acting on the missive, Odisha Steel and Mines department has asked concerned stakeholders in the State Government to provide a comprehensive report on the obstacles being faced by the steel companies in executing their projects.
A letter in this regard has also been sent to Forest & Environment Department, Water Resources Department and Revenue & Disaster Management Department, besides IPICOL, IDCO, Director of Mines and collectors of Angul and Jagatsinghpur districts.
“…A detailed report on the impediments being encountered by the project proponents, in executing the projects, may kindly be furnished to the Steel and Mines Department latest by June 12, 2013,” the letter (dated June 5, 2013) said.
Tata’s project, a six million tonne per annum (MTPA) Integrated Steel Plant with an investment of Rs 34,500 crore, is awaiting grant of fresh mining lease of iron ore and renewal of existing mining lease, the letter said.
Similarly, remaining land acquisition as well as renewal of MoU, which lapsed in June, 2010, is pending in case of the Rs 52,000-crore Posco project.