Essar Steel in a tight spot over 1,000 acres of unused land at Paradip.

Still in the throes of an insolvency resolution, Essar Steel is in a tight spot for failing to develop over 1,000 acres of land at Paradip (Odisha) where it initially proposed a six million tonne greenfield steel mill. To facilitate the setting up of the steel plant, the Odisha government through its agency for land acquisition- Odisha Industrial Infrastructure Development Corporation (Idco) had acquired 1,262 acres of land, of which 1,123 acres were private and around 100 acres were government-owned.

BS