BS APPS BS PRODUCTS BS SPECIALS SIGN IN TRENDING ON BS #AlkemIPO #ParisClimSaetaercChhange News Companies » News » News Tata Steel hopes to overcome hurdles for Gopalpur SEZ Tata Steel has sought extension of formal approval for SEZ that expired on Dec 17, 2014 Jayajit Dash | Bhubaneswar September 5, 2015 Last Updated at 22:31 IST Ad Bleche, Rohre & Profile Klöckner Stahl- & Metallprodukte. Jetzt bei Contorion kaufen! contorion.de/Kloeckner The Tata Steel logo is seen at the Tata Steel rails factory in Hayange, Eastern France TATA STEEL LTD Tata Steel, the anchor tenant for the multi-product LIVE STOCK PRICE - CLICK HERE FOR MORE Special Economic Zone (SEZ) at Gopalpur, hopes to break new ground on the project, expecting BSE 226.85 -7.90 (-3.37%) extension in approval from the Centre. They are also banking on Odisha's latest SEZ policy that NSE 226.85 -7.90 (-3.37%) would allow sub-leasing of land by the steel major. BSE NSE “The steel maker also sees no hurdle to change in 240 name of the SEZ to Tata Steel SEZ”, Arun Misra, 235 230 vice president (Gopalpur project) of Tata Steel and 225 managing director, Tata Steel SEZ told Business 220 Standard. 12:0 0 15:0 0 12:00 Tata Steel has sought extension of formal approval 1D 5D 1M 6M 1Y 2Y which expired on December 17, 2014. Justifying its demand for extension, Tata Steel said that though ALSO READ ALSO READ the Odisha government has approved registration Odisha to register Gopalpur of 500 hectares (or 1235 acres) in the name of SEZ land in Tata Steel name soon Tata Steel SEZ, sub-leasing clause is pending for Tata Steel Gopalpur unit to approval. go on stream by year end Tata Steel gains on plans to The Board of Approvals (BoA) met on August 27 to set-up new unit in SEZ consider the case for extension. But the decision is Why SEZ provisions need to yet to be known. be reweighed Ads "Since the state did not have its SEZ policy, there Bleche, Rohre & Profile was a problem in sub-leasing of land. Now that the Klöckner Stahl- & Metallprodukte. Jetzt bei SEZ policy is out and the notification expected to Contorion kaufen! come out in 10-15 days, we don't see any issue contorion.de/Kloeckner there”, Misra said. DAX Prognose 2016 Was tun: Kaufen oder verkaufen? Jetzt gratis DAX The developer was granted formal approval for this Prognose anfordern www.gruener-fisher.de/Gratis-…Studie SEZ on June 18, 2007. Since then, it has been granted five extensions. The SEZ, however, is yet to be notified. The delay in land registration and the row over the name of the SEZ had presumably held up the notification of the SEZ. The change in name from Gopalpur SEZ Ltd to Tata Steel SEZ Ltd has been approved by the Union ministry of corporate affairs. But, Misra feels there is no hurdle now to the notification of the SEZ especially after the unveiling of the state specific SEZ policy. "Since the state did not have its SEZ policy, there was a problem in sub-leasing of land. Now that the SEZ policy is out and the notification expected to come out in 10- 15 days, we don't see any issue there”, Misra said. Within six months of notification of the SEZ, Tata Steel expects to submit a detail master plan for the SEZ along with infrastructure development plan. As an anchor tenant, Tata Steel is developing 55,000 tonne per annum ferro chrome plant at an estimated cost of Rs 541 crore. The plant is scheduled to be commissioned by December this year. 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