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Deal #569 Version #47814

India

Created at

2013-02-15

Last update

2014-04-28

Last full update

2020-10-29

Land area

Intended size

1 173 ha

Comment on land area

The state government had acquired around 2,952 acres of land for the company’s upcoming project.

Intention of investment

[current] Industry

Comment on intention of investment

multi-product

Nature of the deal

Outright purchase

Negotiation status

[2001] Intended (Expression of interest)
[2001] Intended (Under negotiation)
[2007, current] Concluded (Oral Agreement)

Comment on negotiation status

in 2001, Tata Steel proposed to develop the site as a multiproduct SEZ - 2001 "in principle approval" :SEZ has formal approval - Formal approval of the BoA was received in May 2007 The SEZ board gave two extensions to the project and the second one expired in June 2013. Orissa government has now recommended the project to the SEZ Board for extension of formal approval. The project is yet to be notified by the SEZ BoA.

Implementation status

[current] Startup phase (no production)

Comment on implementation status

Rs.10 billion ferro chrome plant at the Gopalpur SEZ on an area of around 400 acres. Work on the project has started and the boundary lines for the plant has already been marked. The project proposes to have two units with a capacity to produce 50,000 tonnes per annum of ferro chrome and 400,000 tonnes per annum of re-bar steel mill