The
Odisha government has initiated the process to resume 269 acres of mined out
land of Indian Rare Earths Ltd (IREL). This patch of land will be leased out to
Gopalpur Ports Ltd (GPL) for expansion.
Necessary
action may kindly be taken for early resumption of 269 acres of mined out land
of IREL which will be leased out to GPL for development of Gopalpur port, D N
Padhi, joint secretary (commerce & transport) wrote to Ganjam collector. Officials
of GPL could not be reached for comments.
The
port started its commercial operations last month when 7,500 tonnes of
ilmenite, the sand mineral product of Odisha Sands Complex (OSCOM), a unit of
the Indian Rare Earths Limited (IREL), was shipped through a small vessel to
South Korea.
The
clearance for the operation of the port from the State Pollution Control Board
(SPCB) and customs department was accorded on May 14.
The
port operation was stopped since 2010 for its upgradation to an all weather
port. Before 2010, the port, located at Arjeepalli, about 30 km from here, was
functioning as a seasonal port.
Initially,
GPL was floated as a consortium of three partners- Odisha Stevedores Ltd (OSL),
Delhi-based Sara International Ltd (SIL) and Hong Kong-based Noble Group.
But
Noble Group exiting the consortium in May 2010 had raised questions on the
future of the port. Jindal Steel & Power Ltd (JSPL) has recently evinced
interest in acquiring 49 per cent stake in the consortium.
The
existing promoters of GPL were yet to take a call on allowing JSPL to pick up
stake in the special purpose vehicle (SPV).The
ports total capacity was envisaged at 54 million tonne per annum (mtpa) and it was to be developed at a cost of Rs 3,500 crore. Source: Business-Standard
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