Odisha continues to attract investors in Steel, Energy and Cement during July-September 2010
Angul, Balangir, Bargarh, Bouda, Cement, Coal, Cuttack, Dhenkanal, Ganjam, Jajpur, Jharsugurha, Keonjhar, Mayurbhanj, Paper and newsprint, Rayagada, Steel, Thermal November 9th. 2010, 8:24pmFollowing is from a Business Standard report.
The state has attracted investments worth Rs51963.54 crore in the July-September quarter of 2010-11, reinforcing its image as an investor friendly destination.
… Of the 22 proposals that the state has received in the July-September period of this fiscal, seven have been in the energy sector followed by six in the steel and mines sector and three in the cement sector.
Investment proposals in the energy sector have been to the tune of Rs32024.76 crore with a cumulative capacity of 5175 Mw. Hecate Power Company Ltd has proposed to set up a 1080 Mw (4×270) thermal power plant in Bolangir district at a cost of Rs5350 crore.
Samvijaya Power and Allied Industries Ltd has proposed to set up a 1320 Mw (2×660) thermal power plant at Rampela in Jharsuguda district at an investment of Rs6828.38 crore.
Another power firm- Arissan Energy Ltd has also proposed to set up 1320 Mw (2×660) thermal power plant at the same location, entailing an investment of Rs6828.38 crore.
Similarly, Action Ispat and Power Ltd has evinced interest in setting up a 1320 Mw (2×660) thermal power plant at Puruna Pani in Boudh district at a cost of Rs8079.74 crore.
Embassy Nirman Pvt Ltd has proposed to set up a 135 Mw coal based power plant at Ghantikhal in Cuttack district at an investment of Rs618 crore.
Moser Baer Power and Infrastructures Ltd has proposed to put up a 1320 Mw (2×660) power plant in Bolangir district at a cost of Rs7400 crore.
Sonepur Energy and Oil City Pvt Ltd has lined up an investment of Rs5000 crore in setting up a gas processing plant and petrochemical complex at Sonepur in Ganjam district.
In the steel sector, ARSS Steel & Power Ltd has proposed to set up a three million tonne per annum (mtpa) steel plant at Boinda in Angul district, involving an investment of Rs10900 crore.
Similarly, Neepaz B C Dagara Steels Pvt Ltd, has planned to set up a 0.4 mtpa integrated steel plant and a 45 Mw captive power plant (CPP) at Rairangpur in Mayurbhanj district at a cost of Rs1152 crore.
International Minerals Trading Company Pvt Ltd has proposed to set up an iron ore fines beneficiation plant at Barbil in Keonjhar district at a cost of Rs150 crore.
In the cement sector, Visa Cement Ltd intends to set up a portland cement plant at Bargarh at a cost of Rs1840 crore. Jaipur Cements Pvt Ltd has proposed to set u a 0.5 mtpa cement grinding plant at Kalinganagar in Jajpur district at a cost of Rs63.50 crore.
Bhushan Infrastructure Ltd has planned an integrated township at Mangalpur in Dhenkanal district at an investment of Rs425 crore. J K Paper Ltd plans to set up a paper board plant at Jaykaypur in Rayagada district at a cost of Rs1475 crore.
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November 10th, 2010 at 7:47 am
Sonepue Energy and Oil city is great news for Berhampur. But the quantum of investment falls short of expectations.
November 11th, 2010 at 1:45 pm
I think its better to have investments in small small chunks rather than enviously big eye catching ones.
November 12th, 2010 at 1:56 am
True Vinod, Odisha needs at least ten to fifteen industrial clusters for inclusive growth throughout the state.
November 12th, 2010 at 2:34 am
Where is IT sector investment in Orissa? The sector that is known to create jobs without the ill-effects of pollution and large scale dispalcement. It seems the State Govt. is only doing lip service as far as IT sector is concerned. 3 STPIs are spread across the state at BBSR, RKL and BAMP. Why no Global investor’s Summit organised in Orissa, the way it is done in Gujarat, Karnataka and even by M.P? Instead of doing this an anti-Industry climate is being built by all the stake holders from politicians to students to media in the state. Where are we heading then?
November 12th, 2010 at 3:45 pm
online news says that posco is going to karnataka,is it true??
its not good
November 13th, 2010 at 9:33 am
Seriously I think as individuals who belong to the state we must begin questioning these news items. What purpose do they serve? Do these companies have the financial base/or the required expertise/required manpower to execute such massive projects? What is the point of signing all these MoUs when the government can’t ensure that even a single project gets off the ground? Who should be held responsible if these projects don’t see the light of the day? The government needs to have a roadmap for each of these MoUs otherwise I feel these news items are pure hogwash to hoodwink common citizens. Before somebody accuses me of taking political sides let me very clear this is not about ANY political party.
It’s all very well to read about these huge numbers sitting in our drawing rooms with cups of coffee/tea, but the ground realities are totally different. Unlike many people in the state I am not anti-industry, but the government shouldn’t behave like it’s a MoU processing machine. Just signing these MoUs to retain it’s image as an investor friendly destination will not do it anymore. The government needs to show us the changes in the ground
November 15th, 2010 at 5:10 am
Well Stung 🙂