Important Board decisions – investor friendly

IMPORTANT BOARD DECISIONS - INVESTOR FRIENDLY


NO OBJECTION CERTIFICATE TO MORTGAGE LEASEHOLD RIGHTS TO ALLOTTEES OF SIPCOT

SIPCOT extends facility to issue of NOC to the allottees to mortgage the leasehold rights of the allotted plot(s) in favour of listed Non Banking Private Finance Company (NBPFC) to avail financial assistance subject to a condition that, if the lease hold right is brought to auction sale by the said NBPFC and seek for transfer of lease hold right to third party, SIPCOT will collect differential cost of the land.


REGULARIZATION OF THE DORMITORY / STAFF QUARTERS ALREADY CONSTRUCTED BY THE ALLOTTEES

SIPCOT accorded permission to the major industries who have been allotted with 2.00 acres and above for construction of the dormitory / staff quarters within the allotted plots subject to the condition that the allottee pays 1½ times the prevailing plot cost for the area utilized for the dormitory / staff quarters, after adjustment of the proportionate plot cost paid earlier for that area.


NEW SCHEMES

Proposed New Schemes to be established by SIPCOT

Sl.No. Name of the scheme District
1. Maduramangalam Kancheepuram
2. Ranipet Ph IV Vellore
3. Kattrambakkam Vellore
4. Panapakkam
5. Serkaadu
6. Ayapedu
7. Maanallur Thiruvallur
8. Karadiputhur Thiruvallur
9. Hosur Ph III Krishnagiri
10. Poonapalli Krishnagiri
11. Dharmapuru Dharmapuru
12. Thoothukudi Ph III Thoothukudi
13. Padalur Perambalur
14. Ramanathapuram Ramanathapuram
15. Virudhunagar Virudhunagar
16. Sivagangai
17. Theni
18. Dindigul
19. Pudukkottai
20. Thirunelveli
21. Kanyakumari

LAND BANK SCHEMES


1. Thoothukudi Vilathikulam
2. Krishnagiri Denkanikottai
3. Hosur
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