Latest


Odisha allows JCL to transfer 107 acres land to ABCIL

  •   Thu, Jun 11 2015 08:05:34 PM

Bhubaneswar, June 11 (IANS): The Odisha cabinet on Thursday allowed Jayshree Chemicals Limited (JCL) to transfer its leasehold rights over 107.41 acres in Ganjam district to Aditya Birla Chemicals (India) Limited (ABCIL).

"The government allowed land transfer subject to realisation of a premium of Rs.34.61 crore payable for half of the lease period. And 1.39 acres of land, which has been illegally sub-leased by JCL to another company, shall be allowed to be transferred in favour of ABCIL on realisation of prevailing benchmark value of the land," Chief Secretary G.C.Pati said.

ABCIL has taken over JCL's plant in the state last year. ABCIL has acquired chlor-alkali division of Jayshree Chemicals Limited on slump sale basis for a cash consideration of Rs.212 crore. Jayshree Chemicals' chlor-alkali division (CAD) has an energy-efficient membrane cell facility located at Ganjam.

The current capacity of the facility is about 57,000 tonnes per annum.

 
  

Top Stories


Leave a Comment

Title: Odisha allows JCL to transfer 107 acres land to ABCIL



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.

You might also like