Karnataka suspends decision to sell land to JSW Steel
The Karnataka government has suspended its decision to sell 3,667 acres to JSW Steel Ltd in the Ballari district.
Basavaraj Bommai, Minister of Law and Parliamentary Affairs and Minister of the Interior, briefing reporters after the Cabinet meeting, said a decision to this effect was taken at the State Cabinet meeting because there had cases pending before the Karnataka High Court and the Supreme Court.
“The Cabinet did not confirm its previous decision. The previous decision is suspended, ”said the Minister.
The government’s decision to sell the land was challenged by many leaders in the ruling BJP and harshly opposed by Infrastructure Development Minister Anand Singh. The BJP high command had also expressed its opinion against the sale of land.
The April 26 cabinet decided to sell the plot of land to JSW Steel. He had also decided to file a Special Leave Petition (SLP) before the Supreme Court to request the payment of dues in the amount of ₹ 1,172.79 crore by JSW Steel Ltd to Mysore Minerals Limited (MML).
MML and JSW Ltd have been in a legal dispute for alleged violation of the MoU since 2012. The BJP, when in opposition, was against the allocation of land by the coalition government led by HD Kumaraswamy in May 2019 The coalition government had taken a decision to execute an absolute deed of sale in favor of JSW Ltd, which operated a 12 mtpy steel plant in Toranagallu.
The Cabinet approved amendments to the Karnataka Electric Vehicle and Storage Policy to provide a 15% capital subsidy on fixed assets in five equal annual installments.
The cabinet also approved seven mega drinking water projects at a cost of ₹ 6,768.85 crore in 4,647 rural homes and 27 towns.