Odisha

Odisha Govt To Transfer Land Of Closed Bargarh Sugar Factory To IDCO

Bhubaneswar: The Odisha government has decided to transfer the land of closed Bargarh sugar factory to IDCO for setting up industries in future.

While the factory has a total 103.21 acre of land, the Odisha Industrial Infrastructure Development Corporation (IDCO) will purchase the land in two phases. In the first phase, it will purchase encroachment-free land of 72.12 acre at bench-mark valuation, according to a press release from the chief minister’s office (CMO) on Friday.

The remaining land will be handed over to IDCO after it is freed from encroachment and litigations. Then the whole patch of land will be used for industrial purpose by IDCO.

IDCO has paid Rs 40.68 crore to ADM-cum-liquidator of Bargarh Cooperative Sugar Mills for transferring the ownership of the encroachment-free land measuring 72.12 acre in its favour.

It may be mentioned here that the crushing operation in the Bargarh sugar factory could not be carried out for various reasons including shortage of funds for repair, renovation and maintenance of the machineries. Therefore, it was decided to be liquidated.

OB Bureau

Recent Posts

Odisha Polls 2024: BJD Flags Discrepancies Including Voting Percentage In CM’s Consistency

New Delhi: A BJD delegation submitted a memorandum on variances in the votes cast in…

5 minutes ago

Send Sheikh Hasina Back: Bangladesh’s Diplomatic Note To India

New Delhi: Bangladesh’s interim government on Monday sent a diplomatic note to India asking the…

45 minutes ago

IREDA Sanctions Over Rs 3000 Cr For Green Energy Projects In Odisha

Bhubaneswar: Indian Renewable Energy Development Agency Limited (IREDA) has sanctioned over Rs 3,000 crore for…

1 hour ago

Sex With Dead Body Horrendous Act, But Not Rape: Chhattisgarh High Court

Raipur: In a significant observation, the Chhattisgarh High Court has said that engaging in sexual intercourse…

1 hour ago

HC Asks Odisha Govt To Fill Up Vacant Junior Teacher Posts Immediately

Cuttack: The Orissa High Court on Monday reportedly directed the state government to immediately fill…

1 hour ago

40 Youths Stuck In Maldives On Job Promise Plead For Safe Return To Odisha

Bhubaneswar: Over 40 youths, lured to Maldives with promises of lucrative jobs in a private…

2 hours ago

This website uses cookies.