Karnataka Cabinet Approves Sale Of 3666 Acres To Jsw Steel Under Legal Compulsion

Karnataka Cabinet Gives Approval to Sell Land to JSW Steel

Government to Execute Absolute Sale Deed for 3,667 Acres in Ballari

Key Points:

* Government of Karnataka will execute a sale deed for the sale of land to JSW Steel. * The land being sold is approximately 3,667 acres in Ballari, Karnataka. * The absolute sale deed is for an area of about 3666 acres.

The Karnataka Cabinet on Thursday, August 22, 2023, approved the execution of an absolute sale deed for the proposed sale of 3,667 acres of land to JSW Steel in Ballari, Karnataka.

The decision comes after the government of Karnataka agreed to sell the land to JSW Steel for the proposed construction of a steel plant.

JSW Steel is one of India's leading steel producers, and the land sale is expected to facilitate the company's expansion plans in the region.

The absolute sale deed will ensure that JSW Steel has the full ownership rights to the land, and the company can proceed with its development plans.

The execution of the absolute sale deed is a significant step in the process of transferring the land to JSW Steel, and it is expected that the sale will be completed soon.