 "IBC process: Bhushan Power is JSW Steel's most aggressive, biggest lone bet")
JSW's Rs 550 billion mega steel project in Odisha might escape the scrutiny of gram sabha required for diversion of forest land with the Odisha government contemplating to seek Centre’s nod for transfer of the forest clearance (FC) granted to the jinxed Posco project at the same location, to JSW.
The move would come as a major relief to JSW, as seeking a fresh FC for the project would have called for holding of gram sabhas to vet the company’s plan, a procedural necessity seen as a stumbling block, given the resistance shown by the local people to the Posco
