Deal #605

India
Created at
2013-02-15
Last update
2022-03-17
Last full update
2015-12-18

Land area

Intended size
2 023 ha
Size under contract (leased or purchased area)
  • [2013] 688 ha
  • [2014, current] 1405 ha
Comment on land area
diverging info regarding intended size: according to company website, the total area will be 1319 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
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

Negotiation status
  • [2004, current] Concluded (Oral Agreement)

Implementation status

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