JSW Steel Limited signed a development agreement with the West Bengal Government in January 2007. This agreement brought to JSW Steel Limited, a new partner in Government of West Bengal. Through this agreement the Government of West Bengal has agreed to partner JSW in facilitating to build a 10 million tones per annum (mtpa) modern steel plant at Salboni, West Medinipur District. The project is being implemented in phases. The Environment clearance for the project has been obtained.
Coal:
The West Bengal Mineral Development and Trading Corporation Limited shall supply Coal to JSW Bengal Steel Limited.
Water:
The Government of West Bengal has allocated water required for the project.
Land:
The requisite Land for the Project has been acquired
by the Company.
For land directly acquired by the company, a path breaking rehabilitation
initiative for Land Givers has raised the bar for various industrial projects
throughout the country while obtaining a positive response from all Land givers.
The salient features of the compensation package being:
- Directly negotiated basic compensation for the land
- Employment for one person per
family as per eligibility norms, after basic
training
- Free shares of JSW Bengal Steel Ltd, to
be allotted equivalent to the land valuation,
kept under the Trusteeship of District Magistrate
,locked-in-till issue of IPO or commencement
of commercial production whichever is earlier.
Address:
JSW Bengal Steel Ltd.
Tower A, 3rd Floor,
DLF IT Park,
8 Major Arterial Road,
New Town,
Kolkata - 700 156 |
