Issue Date: Oct 24, 2011
It's been over four decades since India's first indigenous steel plant was set up in Jharkhand. But the scene near the Bokaro Steel Plant or BSL (the plant was earlier called Bokaro Steel Limited) is no different from what can be seen in other parts of the country—farmers protesting land acquisitions for large industrial hubs and real estate development. People whose land was acquired for the plant can be seen wielding hockey sticks and holding protests. The latest round of protests is against a new steel plant being set up by the Steel Authority of India Limited (SAIL), which manages the plant, jointly with the South Korean steel giant, Pohang Iron and Steel Company (POSCO). The joint venture is a Rs 15,000 crore project which initially will produce half a million tonnes steel annually.
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