India, Oct. 30 -- The Odisha government cancelled the lease of 28.8 acres of land allotted to Vedanta Ltd in Panchapada village of Jharsuguda district on grounds of prolonged non-utilisation.

The land had been allotted to Vedanta Ltd by the Odisha Industrial Infrastructure Development Corporation (Idco) in 2013.

As per reports, the land was found lying vacant during an inspection. The company had only constructed a boundary wall on the land. The Vedanta Ltd had reportedly secured a credit facility by mortgaging the leased property.

The Idco cancelled the lease of the government land to Vedanta through an order issued on October 27, reports added.

As per the existing norms, industrial land lying unused for three years is liable to be...