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West Bengal steel dreams dies as Jai Balaji & Adhunik surrender land-The 18th Guangzhou Die-casting, Foundry & Industry Furnace Exhibition
9/22/2016 壓鑄展-鑄造展- Die-casting expo-foundry expo |
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Times of India reported that West Bengal stands to regain around 1,800 acres of land, but this may well deal the death blow to the state''s steel dreams. West Bengal Industrial Development Corporation is in the process of getting back a major chunk of ready land at Raghunathpur Industrial Estate from two steel companies, Jai Balaji Industries and Adhunik Group.
The total land is around 1,800 acres -Jai Balaji has 1,100 acres and Adhunik the rest. Once WBIDC gets possession of this parcel, ready land available with the nodal industry body will go up to 7,000 acres. At the moment, Bengal has around 5,000 acres spread over 20 industrial parks. This will be the biggest voluntary land return in the history of Bengal after Shyam Steel in 2012.
Shyam Steel had voluntarily returned 650 acres in Raghunathpur after it decided to stall the project due to global recession.Sources in the state government said all formalities for Adhunik Group have been completed.
-The
18th Guangzhou Die-casting, Foundry & Industry Furnace Exhibition
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