The Videocon group on Tuesday said it was unlikely to go ahead with its Rs 20,000-crore (Rs 200-billion) steel and power plant project at Jamuria.
There were speculations that the consumer electronics major might relocate the project amid land acquisition hurdles. The minimum land requirement for the project is about 1,800-2,000 acres.
"We will not be able to go ahead with the project at present.
"However, if the state government wants the project, it has to come up with some assurance regarding coal linkage.
"Then we can consider it in later stages," Videocon managing director Rajkumar N Dhoot said on the sidelines of an industry event here.
The company had signed a memorandum of understanding with the former Left Front government for setting up the 3-million-tonne integrated steel plant and a 1,200-megawatt power plant in October 2007.
While there were issues related to coal linkage, Coal India Ltd, the state-run coal miner, had also raised objections stating that the project area in Jamuria has coal reserves.
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