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TISCO-----Kalinga Nagar project........ (1)   24-Jul-08 07:30Tracked by (0)  
Posted by:   latikav on ( 24-Jul-08 07:30 )
Price : BSE: Rs 667.00 ( 6.83 % ), NSE: Rs. 667.55 ( 6.71 % )
BHUBANESWAR: Tata Steel, which has been facing opposition from local people to its proposed greenfield project at Orissa's Kalinga Nagar, on Wednesday said that it will start the construction at the site soon.

"We will start construction of the plant at Kalinga Nagar soon," Tata Steel Managing Director B Muthuraman told reporters on the sidelines of inauguration of the Institute of Mathematics and Application (IMA) here.

He said the company has already procured equipment and machineries worth Rs 6,000 crore from Germany, China and other countries for its proposed 6 MTPA steel plant at Kalinga Nagar.

Stating that progress in resolving local people's grievances was "good", Muthuraman said everything was ready for the project.

The company proposed to set up the plant with an investment of Rs 15,000 crore has been facing opposition from the locals. As many as 14 people were killed in police firing during acquisition of land.

Though Tata Steel signed MOU with the state government way back in 2004 for setting up its plant, it could not proceed due to opposition from the people.

On Tata's Gopalpur SEZ project, Muthuraman said the company would start work after the state government resolved dispute over some patches of land.
ET

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