JSPL, Emami among five new firms to get land mortgage nod in Odisha.

Even as a bitter row over the irregularities perpetrated by Odisha Industrial Infrastructure Development Corporation (Idco) in allowing industries to mortgage leased land for raising loans rages on, fresh cases of Idco issuing no objection certificates (NOCs) for land mortgage have come to light.

Idco, the land acquisition arm of the state government, has issued such NOCs to five industries between February and June this year.

The five companies are Jindal Steel & Power Ltd. (JSPL), Monnet Power Company Ltd., Jindal India Thermal Power Ltd. (JITPL), Emami Paper Mills and Saraf Agencies Ltd. Kolkata-based Saraf Agencies is the latest firm to obtain NOC on June 16 for its Rs. 1,200-crore titanium dioxide plant proposed at Chhatrapur in Ganjam district.


BS