Trade Resources Company News Bokaro Steel Limited Was Incorporated as a Limited Company on 29th January 1964

Bokaro Steel Limited Was Incorporated as a Limited Company on 29th January 1964

Mr Beni Prasad Verma the minister of Steel said that Bokaro Steel Limited was incorporated as a limited Company on 29th January 1964.

Mr Verma said that the land for setting up of public sector steel plants is acquired by concerned State Government as per the provisions of Land Acquisition Act. The Rehabilitation/Compensation and other issues of displaced persons are dealt with by the competent authority under the Land and Rehabilitation policies of the concerned State Government.

He said that the number of families displaced at the time of setting up of BSL during 1972 was 6019.

However, due to fragmentation in families, the Director, Project Land and Rehabilitation increased the number of displaced families and as on 31.5.1988 the number of displaced families was 13309. The BSL has so far provided employment to more than 16000 displaced persons which is more than the numbers of families displaced at the time of setting of the plant.

The employment of displaced persons is being regulated in terms of guidelines which have been upheld by the Hon'ble Supreme Court of India whereby other things being equal, displaced persons are considered and given preference for employment.

He added that at present, there are no cases satisfying the eligibility criteria pending for compassionate appointment at the Bokaro Steel Plant.

He further added that Bokaro Steel Plant does not have any surplus land. The available land of Bokaro Steel Plant has been used for the existing Plant, Township and related facilities including its ongoing expansion projects and further land would be needed for meeting future expansion plans.

Source: http://www.steelguru.com/indian_news/Setting_up_of_Bokaro_Steel_Plant/294014.html
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Setting up of Bokaro Steel Plant
Topics: Construction