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Deal #604 Version #48081

India
Created at
2013-02-15
Last update
2020-03-09
Last full update
2020-10-29

Land area

Intended size
2 044 ha
Size under contract (leased or purchased area)
  • [2008, current] 1765.0 ha

Intention of investment

Intention of investment
  • [current] Industry
Comment on intention of investment
steel plant

Nature of the deal

Nature of the deal
Outright purchase
Comment on nature of the deal
land is purchased from government and then leased to the company

Negotiation status

Negotiation status
  • [2005] Concluded (Oral Agreement)
  • [2014, current] Intended (Under negotiation)
Comment on negotiation status
several contracts a MoU between the company and the regional government was signed in 2005; since then, part of the land seems to have been acquired. In 2014, however, there are still negotiations on land issues

Implementation status

Implementation status
  • [2005] Startup phase (no production)
  • [2014] Startup phase (no production)
  • [2016, current] Project abandoned
Comment on implementation status
In 2016, even as the government hadn’t yet “taken possession of the land”, Tata Steel announced that it was pulling out of the project.

Purchase price

Purchase price area
2 044 ha