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Jharkhand Scraps Land Allotment to Ultratech Cement in Bokaro Industrial Area

Infra News - Published on Thu, 18 Jul 2019

Image Source: http://realtyplusmag.com
The Jharkhand Industrial Area Development Authority in Bokaro has cancelled the allotment of land to Ultratech Cement, an Aditya Birla Group company, for setting up a cement plant in Balidih industrial area. Ultratech was allotted 48 acres of land by Jiada to install 1.5 million tonne per annum cement plant in 2016.

Mr PN Mishra, Jiada, secretary, said that “The company neither paid any money for the land allotment or started operations. This has forced us to cancel the allotment.”

JIADA has served notices to 20 more companies that have taken land several years ago, but failed to start operations. The action comes in the wake of directives from state industries department secretary Mr K Ravi Kumar for identifying non-performing entities despite allotment of land.

Mr Mishra said that “The process to cancel land allotment to 20 more companies will be initiated soon. The action is being taken to make maximum utilisation of land by giving it to those who are genuinely seeking space to install their manufacturing units and do business here.”

Source :

Posted By : Mohan Sharma on Thu, 18 Jul 2019
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