Over 400 acres land of HMT to be transferred to Haryana Govt
Land measuring 446 acres out of total 846.43 acres of HMT, will be transferred back to the state government at the agreed rates, and will be handed over to Haryana State Industrial Infrastructure Development Corporation (HSIIDC). This is for setting up of Industrial estate in view of its strategic location.
The HSIIDC will be responsible for the management of this estate including upgradation and maintenance of all services to the allottees of Industrial plots on this land. The Union Cabinet had approved the sale of land not currently in use at HMT Ltd, Pinjore unit to the Haryana government on mutually agreed terms and compensation in October 2016.
The 33.33 acres of land of HMT required by the Railways for its Chandigarh-Baddi railway line project is part of the above 446 acres of land and the transfer of the same to Railways has been agreed by both HMT and Haryana government.