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| J-K to finalize Rs 300 crore steel plant by SAIL | | | Early Times Reporter
Jammu | June 24
Jammu & Kashmir State Industrial Development Corporation and Steel Authority of India Limited are soon likely to finalize the terms of SAIL's proposed INR 300 crore plant in the state
A senior official of Jammu & Kashmir State Industrial Development Corporation said that the project contours will be discussed at the high level meeting. The proposal will then be sent to the state and central governments for approval. He added that "The land has not yet been handed over."
Although the project details are yet to be finalized, it is learnt that SAIL is keen to invest Rs 300 crore in setting up a steel processing plant. SAIL's Rourkela Steel Plant in Orissa will implement the project.
The steel ministry was keen to start work on the project last month, but maintained that the state pollution control board has yet to give a no objection certificate.
Reacting to this, a highly placed official in Jammu & Kashmir Pollution Control Board said on conditions of anonymity that SAIL has not yet approached the board with its formal application. The plant will need an NOC during construction and another before commercial production starts. The official added that "The clearance will be issued as soon as the formal application is made."
Jammu & Kashmir State Industrial Development Corporation is very upbeat on the prospects of a steel processing centre in the state, both in terms of employment opportunities and the covenant socio economic uplift. The plant will provide direct and indirect employment to 500 persons. |
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