Odisha Industrial Infrastructure Development Corporation
The state’s nodal land acquisition agency Odisha Industrial Infrastructure Development Corporation (IDCO) has hit back at the Comptroller & Auditor General of India (CAG). This was pertaining to its report on irregular land allotment to the industries and IDCO was not happy with the results which it had published. The CAG had found IDCO guilty for irregularly conferring mortgage rights in [...] Continue Reading »
Sources close to the proceedings at NMDC Ltd have revealed that the Central government undertaking has put forth a proposal for using the government land earmarked for the abandoned ArcelorMittal project for constructing its proposed steel plant. According to the details shared by the sources, NMDC is currently holding discussions with Odisha Industrial Infrastructure Development Corporation (Idco) [...] Continue Reading »
There is some good news for Infosys which has not been performing as per the guidance issued by them. The state-run Odisha Industrial Infrastructure Development Corporation (IDCO) has urged the Falta Special Economic Zone (SEZ) to issue the letter of permission (LoP) to IT major Infosys to start operations at its second development centre in Bhubaneswar. [...] Continue Reading »
Odisha Industrial Infrastructure Development Corporation (Idco) – which is the land acquisition division of the Odisha government – has reportedly issued no objection certificates (NOCs) for land mortgage to five new firms, between February and June 2014. The five new firms to which Idco has issued NOCs for mortgaging land include Jindal Steel & Power Ltd (JSPL); Jindal [...] Continue Reading »
Bharat Biotech which is based in Hyderabad has been pulled up by the Odisha Industrial Infrastructure Development Corporation because of its lack of initiatives to begin with the procedure of construction on the project of the biotech park. Even though land had been leased in the month of November of last year to the developer, [...] Continue Reading »
The validity of three SEZ projects has been increased by the Board of Approvals under the Union commerce and industry ministry by the Centre in Odisha. All the three SEZ projects had been endorsed by Sesa Sterlite, Saraf Agencies and Odisha Industrial Infrastructure Development Corporation (Idco). The BOA has also sent validity for approval so [...] Continue Reading »
The developers – Aditya Birla Group owned Hindalco Industries Ltd, Saraf Agencies and state owned Odisha Industrial Infrastructure Development Corporation (Idco) – are yet to utilise full land within their notified SEZs. Around 115.70ha land is lying vacant in Hindalco’s aluminium products SEZ at Lapanga near Sambalpur. Saraf Agencies have 105.20 ha land lying vacant. [...] Continue Reading »
