Permission Likely To Be Granted For JSW Project In Odisha
JSW Steel, an Indian steel making company based in Mumbai, had proposed to build a 13.2MT plant at Jagatsinghpur which was once allocated to Posco for its steel project. The state government had agreed to hand over 2,968 hectares of this land in Jagatsinghpur to JSW. It is now speculated that, in a meeting held on August 16, the Forest Advisory Committee has agreed to grant a clearance in favour of JSW Steel for a Greenfield plant.
As per reports, the minutes of the Forest Advisory Committee (FAC) meeting are yet to be uploaded on the ministry of environment and forest and climate change (MoEFCC) website. An official of state’s industry department said the FAC meeting was to take up the matter on August 16, and that he believes the transfer has been cleared.
The FAC, a body under the MoEFCC that examines applications for forest diversion, had earlier insisted on a no-objection certificate from Posco. Senior government officials in the state ministry of industries claimed that the NOC has been submitted.
JSW, with an 18-million tonne annual capacity of steel, requires 23 million tonnes of iron ore for its plants. It is expected to be one of the key bidders in the upcoming auctions of mines in Odisha. The company is also preparing to lay a 30-million tonne slurry pipeline in order to carry iron ore from mines in Odisha’s Joda and Barbil districts to its pellet plant in Jajpur, Brahmani River Pellets.