Follow Us:
Friday, July 20, 2018

To return Haryana SEZ land,RIL wants Rs 1,200 cr

Weeks after the Haryana government asked Reliance Industries Limited to return the land it got from the government to set up a Special Economic Zone in Gurgaon

Written by Chitleen K Sethi | Chandigarh | Published: February 2, 2012 1:23:46 am

Weeks after the Haryana government asked Reliance Industries Limited (RIL) to return the land it got from the government to set up a Special Economic Zone (SEZ) in Gurgaon,the company has now asked the state to pay around Rs 1200 crore in return of the 1,383.68 acres.

The total claim put forth by the company contains added interest to the Rs 400 crore it paid to the government for the land along with an annuity to the farmers whose lands were acquired.

The RIL demand,say highly placed sources in the government,is under consideration of the Haryana State Industrial and Infrastructure Development Corp Ltd (HSIIDC),the agency which owned the land.

The company was asked to return the land during a meeting between RIL chairman Mukesh Ambani and Haryana Chief Minister Bhupinder Singh Hooda in New Delhi on January 17.

Hooda had suggested that since the SEZ project had got delayed by over six years it would be better that the land be returned.

The SEZ was to be set up in 2006 through a special purpose vehicle — Reliance Haryana SEZ Ltd — created after a collaboration between Reliance Ventures,a wholly owned subsidiary of RIL,and HSIIDC. The government now is said to be preparing for negotiations with the company to reduce the demand.

For all the latest News Archive News, download Indian Express App

Advertisement
Advertisement
Advertisement