Tag: Salboni land

Jindal praises Mamata Banerjee, to invest Rs 2700 crore in Bengal

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Sajjan Jindal-led JSW Group on Thursday announced its intention to revive its Salboni project. The company initially plans to set up a 2.4MT cement grinding unit followed by a 300MW captive power plant at Salboni, involving a total investment of Rs 2,700 crore, the JSW chairman announced on the sidelines of a seminar organized by Bengal Chamber of Commerce and Industry.

Jindal also met chief minister Mamata Banerjee and proposed to lay the foundation stone of the cement plant in January 2016. JSW will invest Rs 700 crore in the cement plant. According to Jindal, the company would need only 150 acres to set up the cement plant and another 100 for the power plant. “We’ll start the process for the power plant after three months,” he added.

Jindal was also all praise for Mamata Banerjee, saying Bengal is one of the best places to set up industry. “The present government under the leadership of Didi is giving full support to industry. I am getting a very positive vibe now,” he said.

Jindal group to return Salboni land to farmers

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West Bengal Chief Minister Mamata Banerjee on Monday said the Jindal group has decided to return the 294 acres of land in Salboni purchased directly from farmers for the project.

“The Jindal Group has communicated to Finance Minister Amit Mitra that it desires to hand over the land acquired from the farmers. It said it would not take back the money given to the farmers while acquiring the land,” she told reporters.

The Chief Minister said that since the plant was not coming up, the farmers who gave their land sought its return.

“The major part of the land of the proposed project which was taken by the company from the government is still with them. We will see what they do with it in future,” she said.

The Chief Minister said a committee headed by the district magistrate would be formed to work out the procedure for returning the land to the farmers.

Describing Jindal’s decision to return the land to the farmers as a “bold” move, she said, “We have been talking of the same thing in respect of Singur.”