Reliance to Exit Haryana SEZ
Reliance Industries mulling to exit Haryana SEZ project
S.P.S. Pannu
New Delhi
January 17, 2012
Reliance Industries Ltd (RIL) appears to be pulling out of the its special economic zone (SEZ) project near Gurgaon as the company is in the process of informing the Haryana government that it is ready to hand back 1,400 acres of land allotted to it for setting up the venture.
RIL's Haryana SEZ was being set up through a special purpose vehicle (SPV) in which RIL had a 90 per cent stake while the Haryana State Industrial and Infrastructure Development Corp Ltd (HSIIDC) held the remaining 10 per cent as sweat equity.
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Categories: Gurgaon Tags: haryana, land acquisition, mitsui, reliance industries, ril, ril haryana sez, ril jhajjar sez, ril sez, special economic zone