Trouble in the East

Large projects stuck due to various reasons

Image
Devjyot Ghoshal New Delhi
Last Updated : Sep 02 2012 | 12:09 AM IST

COMPANY: POSCO INDIA
Investment: Rs 52,000 crore
Project: 12 mtpa integrated steel plant
Year of MoU/Initial agreement: 2005
Location: Jagatsinghpur district, Odisha
Status: Environment clearance remains suspended

COMPANY: TATA STEEL
Investment: Rs 18,000 crore
Project: 6 mtpa integrated steel plant
Year of MoU/Initial agreement: 2004
Location: Kalinganagar, Jajpur district, Odisha
Status: After land acquisition issues, project now on-track

>COMPANY: LAFARGE/ LAFARGE UMIAM MINING
Project: 2 mtpa limestone mine
Year of MoU/Initial agreement: 2003-2004
Location: Nongtrai, Meghalaya
Status: Mine operational after environmental clearances

COMPANY: TATA MOTORS
Investment: Rs 1,800 crore
Project: Automobile factory
Year of MoU/Initial agreement: 2006
Location: Singur, West Bengal
Status: Tata Motors pulled out after prolonged protests

COMPANY: SALIM GROUP
Investment: Rs 90,000 crore (total proposed investment)
Project: Special Economic Zone/Petrochemicals Park
Year of MoU/Initial agreement: 2006
Location: Nandigram, West Bengal
Status: Project shelved after wide-spread violence

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 02 2012 | 12:09 AM IST

Next Story