HMT land at Pinjore to be transferred to Haryana govt

Haryana Cabinet today decided to transfer over 400 acres of land of shut tractor unit HMT Limited at Pinjore to the state government.

Land measuring 446 acres out of total 846.43 acres of HMT, Pinjore (Tractor Division) will be transferred back to the state government at the agreed rates, and will be handed over to Haryana State Industrial Infrastructure Development Corporation (HSIIDC) for setting up of Industrial estate in view of its strategic location.

A decision to this effect was taken in the meeting of the state cabinet which met under the Chairmanship of Chief Minister Manohar Lal Khattar here today, as per official release here.

The HSIIDC will be responsible for the management of this estate including upgradation and maintenance of all services to the allottees of Industrial plots on this land.

The Union Cabinet had approved the sale of land not currently in use at HMT Ltd, Pinjore unit to the Haryana government on mutually agreed terms and compensation in October 2016.

In line with approval of Union Cabinet, HMT agreed to hand over physical possession of unused land of 446 acres to Haryana government.

The HSIIDC will pay compensation to HMT at the prevailing circle rate for the utilisable land measuring 297 acres, which averages to Rs 62.54 lakh per acre and at the rate of 60 per cent of the average rate for the remaining 149 acres of land.

The 33.33 acres of land of HMT required by the Railways for its ChandigarhBaddi railway line project is part of the above 446 acres of land and the transfer of the same to Railways has been agreed (in-principle) by both HMT and Haryana government, the release said.

The payment modalities of compensation to HMT for the land required by Railways will be mutually worked out amongst Railways, HMT and the Haryana government. HSIIDC will pay the compensation for the balance land of 412.67 acres to HMT.