New investments and investment projects under implementation
Angul, Anugul- Talcher - Saranga- Nalconagar, Balasore, Balasore- Chandipur, Bhadrakh, Bouda, Business Standard, Cement, Coal to diesel, Cuttack, Dhamara- Chandbali- Bhitarakanika, Gasification (from Coal), Investment ranking, Jajpur, Jharsugurha, Keonjhar, Ore pelletisation, Sonepur, Sundergarh September 22nd. 2010, 11:48pmFollowing is from a Business Standard report in sify.com.
Orissa has continued its growth momentum as a favourite destination for investors attracting investments worth Rs 98,929.49 crore in the April-June period of this fiscal. The most of these new investment proposals are in sectors like power, steel, cement, food processing and downstream industries.
The single largest investment proposal of Rs 45,000 crore has come from Strategic Energy Technology Systems Pvt Ltd for a coal to liquid project at Angul on May 12, 2010.
The bulk of the investments- Rs 33,569.25 crore has been proposed in the power sector with proposals for setting up of Independent Power Plants (IPPs) with a cumulative capacity of 7740 MW.
Ferro Alloys Corporation (FACOR) Power Limited has proposed to set up a 270 MW (2×135) coal-based thermal power plant at Haridaspur in Jajpur district. Similarly, KU Projects intends to set up a 1320 MW (2×660) power plant at Thakurpur in Sonepur district at an investment of Rs 7260 crore. This project has been cleared by the High Level Clearance Authority (HLCA) of the state government.
Similarly, Shivani Thermal Power Station of Ghaziabad (Uttar Pradesh) has proposed to set up a 1320 MW (2×660) power plant at Chhotapadagan in Cuttack district at a cost of Rs 7554.54 crore.
Visa Power has submitted a revised proposal to the state government owned Industrial Promotion and Investment Corporation of Orissa Ltd (Ipicol) to set up a 1320 MW (2×660) power plant at Brahmanabasta in Cuttack district, entailing an investment of Rs 6319.48 crore.
Shri Anant Infra Energy Pvt Limited has evinced interest to set up a 210 MW coal-based power plant at Garjan Bahal in Sundergarh district.
Responsive Industries Ltd has proposed to set up a 1320 MW (2×660) power plant at Manmunda in Boud district at a cost of Rs 6487.50 crore.
CLP Power India Pvt Ltd plans to set up a 1980 (3×660) MW power plant at Majhapada in Sundergarh district at a cost of Rs 10,000 crore.
Among the investment proposals in the cement sector, Kolkata-based Icore Super cement Ltd has proposed to set up a cement plant at Somnathpur in Balasore district at an investment of Rs 151 crore.
While Ramco Industries Limited has evinced interest to set up a 120,000 tonnes per annum asbestos fibre cement sheet plant at Jharsuguda at a cost of Rs 35 crore, Madras Cement intends to set up a 4000 tonne per day cement plant at Nandibera in Malkangiri district at a cost of Rs 750 crore.
Reliance Cementation Ltd has submitted proposal for a 2.8 million tonne per annum cement plant at Jallangbara in Sundergarh district at a cost of Rs 970 crore.
Similarly, Binani Cement plans to set up a one million tonne per annum clinker grinding unit at Dhamara in Bhadrak district at a cost of Rs 130 crore.
In the steel sector, Rashmi Metalliks Limited has proposed to set up a three million tonne per annum pelletisation plant and 44 m captive power plant at Baliarpur in Bhadrak district at an investment of Rs 3465 crore.
The Orissa Minerals Development Company Limited has evinced interest for a two million tonne per annum beneficiation and pelletisation plant at Dalki in Keonjhar district at a cost of Rs 889 .
Following is excerpted from a report in indiainfoline.com.
The statewise breakup of investment under implementation as on June ’10 (Rs. Crores) has been Maharashtra (666065), Orissa (498190), Gujarat (487361), Andhra Pradesh (478612), Tamil Nadu (334960), UP (326356), Haryana (318488), West Bengal (288109), Karnataka (279033), Jharkhand (173008), Chhattisgarh (167557), Madhya Pradesh (165848), Kerala (126223), Punjab (115683), Rajasthan (84955), Bihar (59339), Jammu & Kashmir (44339), Himachal Pradesh (43928), Uttrakhand (38869), Assam (36124).
… The capital goods industry’s performance is mainly on account of spurt in investment activity in Haryana, UP, Kerela, Orissa and Uttarakhand in the first quarter of 2009-10.
… The rate of implementation (% share in total live investments) as per June 2010 in prominent states, has been the most in Haryana (81.5) followed by UP (70.6), Assam (65.9), Maharashtra (61.7), Punjab (60), Andhra Pradesh (58.5), Himachal Pradesh (56), Jammu & Kashmir (53.1), Kerala (51.9), Bihar (50.5), West Bengal (49.4), Tamil Nadu (47.7), Orissa (44.3), Chhattisgarh (40.6), Madhya Pradesh (40.2), whereas states like Uttrakhand (39.1), Gujarat (38.9), Rajasthan (34.7), Karnataka (32.7) and Jharkhand (28.2) are lagging behind in this aspect.
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September 23rd, 2010 at 4:20 pm
I think the rate of implementation statistics tells the real story. If you look at the figures we are behind Bihar and West Bengal and that should tell a lot about the effectiveness of the state government. What is the point of getting these 1000s of crores worth of investments if we are not even able to get a few of them off the ground. The Orissa government should announce a moratorium on signing new projects.
September 25th, 2010 at 1:57 pm
It is not the implementation percentages but the absolute numbers which count here. In that, Orissa’s figures are very creditable. It is 2nd in the country. It helps to calculate all data and make appropriate conclusions.
The investment figures for Bihar is much lower than that for Orissa. Even if it’s percentages are better , the absolute figure is very low. Orissa [498190](has about 9 times the actual investment than Bihar[59339].
Orissa’s implementation project has gone down since, the mega-projects are blocked. But, the good sign is that Medium scale projects are looking up. Incidentally, smaller projects provide larger employment on a per capita investment basis. The larger projects are needed for kickstarting the investment and anchoring the investment.