Indian steelmaker
JSW Steel has announced that it will return the land acquired for its 10 million mt per year greenfield West Bengal steel project to the original landowners free of cost.
The company said that it will continue to work with the state government of West Bengal to find alternatives to establish raw material linkages so as to implement the project in the state.
According to
JSW Steel, the ban on iron ore mining and cancellation of coal mines earmarked for the project caused severe uncertainty in relation to raw material linkages for the steel plant. Consequently, the company decided to put the project implementation on hold until raw material linkages for the project have been established.