Please note: you are viewing an old version of this deal. The current version can be found here: Deal #605

Deal #605 Version #48088

India

Created at

2013-02-15

Last update

2015-12-18

Last full update

2015-12-18

Land area

Intended size

2 023 ha

Size under contract (leased or purchased area)

[2013] 688.0 ha
[2014, current] 1405.0 ha

Comment on land area

diverging info regarding intended size: according to company website, the total area will be 1319 ha

Intention of investment

[current] Industry

Comment on intention of investment

steel plant

Nature of the deal

Outright purchase

Comment on nature of the deal

The Industrial Infrastructure Development Corporation of Orissa (IDCO) had purchased the land from people in the early 90s and sold it to the company

Negotiation status

[2004, current] Concluded (Oral Agreement)

Implementation status

[2006] Startup phase (no production)
[2014, current] In operation (production)

Purchase price

Comment on purchase price

The Infrastructure Development Corporation of Orissa (IDCO) has purchased land from people at a minimal rate while it sold the same land to the corporate beneficiary at much higher prices