UP clears land transfer to Indian Oil Corp for Rs 800 crore ethanol plant

Yogi government eyeing Rs 1,600 crore investment in defunct state sugar mills

Public sector behemoth Indian Oil Corporation (IOC) will take 50 acre land on lease in Gorakhpur, the home turf of chief minister Yogi Adityanath, for setting up an ethanol plant costing nearly Rs 800 crore. 

The land belongs to the defunct Dhuriapar cooperative mill in Gorakhpur district. The prestigious project had been hanging fire for quite some time over lease rental terms. 

In fact, the Uttar Pradesh government is eyeing private investment to the tune of Rs 1,600 crore in three defunct cooperative sector mills. While, a portion of the land belonging to the Gorakhpur unit would be handed over