@

 
   
   
   
   
   
HOME
NEWS  
NEWS FEATURES  
INTERVIEWS  
POLITICAL COLUMN  
THIS IS MY NATION  
MILITARY MATTERS  
EDITORIAL  
SPORTS  
CARTOON  
BUSINESS  
EYE - FEATURES  
LETTERS  
EVENTS  
SOUL - YOUTH MAG  
KIDS - NATION  
ENTERTAINMENT  
NATION WORLD  
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   

 

News  


 

Fate of $6bn steel plant in jeopardy

NEW DELHI (AFP) - The future of a proposed six-billion dollar steel plant in eastern India was in doubt recently after the government raised questions about environmental clearance given for the project.
Jindal Steel and Power’s proposed six-million-ton-a-year steel plant in Angul town is the fourth major project to face problems in the mineral-rich state of Orissa.
The environment ministry asked the company to explain why clearance for the project should not be revoked, accusing Jindal Steel of violating the terms of environmental approval granted in 2007.
If Jindal Steel’s clearance is revoked, it would be a major setback for the ambitious expansion plans of India’s fourth-largest domestic steel producer.
Jindal Steel was not supposed to build anything on forest land that is part of the project area. But the Orissa state government has reported construction activity, such as building of roads and storage facilities, is taking place in the forest area, the ministry said.
Sushil Maroo, Jindal Steel’s chief financial officer, said the company has not received any environment ministry notice yet.
“We haven’t violated any environmental laws. Our project has both environmental and forest clearance,” Maroo said. But he added some “minor infrastructure work” may have taken place on the forest land.