Deal #591

Location #1

Spatial accuracy level
Administrative region
Location
Jagatsinghpur, Odisha, India

Target country
India
Comment on location
Orissa, Jagatsinghpur, Ersamma Coordinates: 20.200346, 86.426697

Location #2

Spatial accuracy level
Administrative region
Location
Bhubaneshwar, Odisha, India

Target country
India

Land area

Intended size (in ha)
2438
Size under contract (leased or purchased area, in ha)
[2012] 222
[2014] 688
Comment on land area
"about 25 acres (10 ha) in Bhubaneswar for [company's] Indian headquarters; about 4,000 acres (1,600 ha) in the state of Odisha to set up a steel plant, build port infrastructure, establish a storage yard for coking coal, and other associated facilities; and, about 2000 acres of land for POSCO to develop a township, recreational activities and all related social infrastructure – of which approximately 1,500 acres (610 ha) would be identified adjacent/near to the Steel project and remaining 500 acres (200 ha) near the mining location" (http://en.wikipedia.org/wiki/POSCO_India )

Intention of investment

Intention of the investment
Mining, Industry
Comment on intention of investment
Steel production and mining

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
[2005] Concluded (Oral Agreement)
Comment on negotiation status
MoU in 2005

Implementation status

Implementation status
[2014] Startup phase (no production)

Contract farming

Contract farming
No

Operating company

Operating company

 

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Data source #1

Data source type
Personal information
Includes in-country-verified information
Yes

Data source #2

Data source type
Research Paper / Policy Report
File
Date
2011-07-04

Data source #3

Data source type
Media report
File
Date
2012-10-18

Data source #4

Data source type
Media report
File
Date
2013-02-10

Data source #5

Data source type
Media report
File

Data source #6

Data source type
Media report
File
Date
2014-06-10

Data source #7

Data source type
Media report
File
Date
2014-01-16

Data source #8

Data source type
Media report
File
Date
2014-03-04

Data source #9

Data source type
Media report
File
Date
2015-04-27

How did the community react?

Community reaction
Rejection

Former land owner (not by constitution)

Former land owner
Community

Former land cover

Former land cover
Forest land

Water extraction envisaged

Water extraction envisaged
Yes

Overall comment

Overall comment
Many villages destroyed and people displaced, Protest going on, Orissa state government has invited foreign and domestic investors in the context of an investment plan for mining and industry (2015) The deal is still active but under the threat of cancellation due to the disagreement between the parties

July 7, 2015, 8:45 p.m.

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July 10, 2014, 2:17 p.m.

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Aug. 15, 2013, 11:42 a.m.

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March 11, 2013, 1:39 p.m.

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Feb. 15, 2013, 5 p.m.

active

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