Odisha unlikely to transfer Posco project approvals to JSW

Firm intends to set up 10 mn tonne steel mill in land vacated by Posco

The Odisha government is unlikely to accede to the request of JSW Ltd, which intends to set up a 10 million tonne steel mill in the land vacated by Posco, to transfer the statutory approvals obtained for the South Korean steel firm’s project to its name due to legal barriers.

While putting forth the Rs 50,000-crore investment proposal for the project, the Sajjan Jindal-owned company has laid out a list of facilitating measure to be undertaken by the state government for its smooth implementation. 

Among other things in the wish list, is transfer of statutory clearances obtained for the Posco