The project is comprised of a steel plant, a captive port and a minor port. However, the clearance for this project comes with several new riders, directing the company to meet a series of environmental standards.
Union Minister for Environment & Forests, Jairam Ramesh, said in an order that environmental clearance for the steel-cumcaptive power plant is being accorded with 32 additional conditions, over and above [those] stipulated in the original environmental clearance of July 19, 2007.
The additional conditions for the steelcum- captive power plant ask the company to carry out sustainability study of water requirement for the plant by an institute of repute; forgo the water intake in case there is a shortfall of water at the Jobra Barrage for irrigation purposes; and ensure that the total green area within the plant is 25% of its area as per the guidelines of the Central Pollution Control Board (CPCB). In addition to fulfilling the Resettlement and Rehabilitation (R&R) obligations mandated by the state government's package and implementing corporate social responsibility (CSR )-related programmes in the construction phase, the company now also has to devote 2% of net annual profit to CSR in the region where the project is located. Read the full report here.
Source: Anshu Shrivastava, Business & Technology Report.
