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Home  » Business » Adani Group's Gujarat SEZ gets SC nod

Adani Group's Gujarat SEZ gets SC nod

Source: PTI
July 09, 2008 12:28 IST
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In a major relief to Adani Group, the Supreme Court on Wednesday vacated the stay order that stalled work at its Rs 7,400-crore (Rs 74 billion) multi-product Special Economic Zone in Gujarat.

A bench headed by Chief Justice K G Balakrishnan, while dismissing the petition of fishermen as withdrawn, asked the Adani Group not to fill the creeks.

The apex court, on a plea by fishermen that the project would affect their livelihood and flora and fauna in the region, had last week directed the parties to maintain status quo with regards to all activities taking place on the land.

It had also issued notice to the ministries of commerce, and environment and forest, the Gujarat government, Mundra Ports and Special Economic Zone, the Adani group and others.

Mundra SEZ, established under the SEZ Act of 2005, is proposed to come up in about 6,000 acres of land with a total investment of Rs 7,400 crore (Rs 74 billion).

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