Following is an excerpt from an IANS report.

JSL Ltd, formerly Jindal Stainless Ltd, signed an agreement with the Orissa government Wednesday to set up a stainless steel park in the state on an investment of Rs.704 crore.

The park would be set up adjacent to its 1.6 million tonne per annum integrated steel project coming up at Kalinga Nagar industrial complex in Jajpur district, …

… The project, to be built on 300 acres, will have 71 units, including a service centre.

More details are in an article in Orissadiary. Following are some excerpts.

JSL Vice – Chairman Jindal said the proposed park would generate direct and indirect employment opportunities for about 3800 and1200 persons, respectively. He added that the project would ensure high tax receipts of around Rs 140 crore for the state government in the first five years in terms of excise and income tax value added products. As per the MoU, JSL will develop the park and provide all infrastructures like boundary wall, roads, drains, research and development centre, power and water supply, railway network, township, school and hospital.

Architectural products, surgical and hospital equipment, hardware, stamping and forging, cold rolling, and re-rolling mills, tube and pipes, heat exchangers, heavy machinery capital goods, kitchenware, lifestyle products and stainless steel composite panel manufacturing units will come up in the park. To mark on the occasion, five companies Empowertrans Private Limited, Jagadamba Exports, Jupitor India, Kraftsware Limited and Kitechen Essentials signed MoUs with the JSL Limited government to set up down stream industries.

Update: Following are some additional details from a report in Pioneer.

• Amtech Auto Engineering would set up the complex at an investment of Rs 15,820 crore near Tangi- Choudwar. It would set up a two million tonne steel plant and 500 MW captive power plant in the complex. With this about 33,000 people will get both direct and indirect employment.

  It may be mentioned here that Jamsedpur-based RSB Trasmissions (I) Ltd, one of India’s leading auto components manufacturers, is coming up with an auto complex at Mania in Cuttack. RSB Transmission will invest Rs 430 crore in the project.

• The committee also approved JK Cement’s one million tonne capacity plant on the road between Athagrah and Choudwar.
• BOC would set up an air separation plant at an investment of Rs 434 crore in Rourkela. It would produce oxygen, nitrogen and argons.
• Bijaya Ferro Power Private Limited would set up a power plant at Keshinga in Kalahandi with an investment of Rs 550 crore. It would take water from Tel river to produce 120 MW power.
• Ind-Bharat’s proposal to enhance its power production capacity has also got the nod of the committee. It would set up its plant at Jharsuguda with an investment of Rs 3,300 crore.
• Facor would set up its captive power plant at Rahandia near Bhadrak.
• Due to shortage of water, few plants have also changed their sites. Odisha Cement Power Plant (OCL) has shifted its plant site from Mania to Rajgangpur.
• Jinadal Stainless Steel would set up its plant in Luni instead of Gajatara in Dhenkanal.
• Kalinga Energy Power Limited would set up its plant at Jharsuguda instead of Sambalpur.
• Scwal Brewage would set up its plant at Baranga instead of Choudwar at a cost of Rs 193 crore.
• The Rs 1,320 crore Sahara Power project has shifted its plant to Ghantabahal from Turul.
• German-based Gaunteman Pipery would set up its plant beneficiation plant and pelatisation plant. The beneficiation plant would come up at Barbil and the pelatisation plant at Dhamra. Around 1,605 crore would be invested in the project.
• Aditya Alumina’s proposal to enhance its production from one million tonne to 1.5 million tonne. It would also enhance its power plant from 650 MW to 900 MW.

Following is an excerpt from Orissadiary.

The projects of Adhunic Metalics and Jindal Stainless Steel at Sundargarh and Kalinganagar, respectively have been approved. The SWCLC has also given its green signal for an air-separation plant. Projects, involving Vijay Ferrochorme and Power Pvt Ltd and Adhunic Power plant have been cleared.

Amtech Metals would establish the integrated auto-complex, first of its kind in the state. Moreover, an auto-park, steel and power plant would also be established in the complex. The cost of the entire project has been pegged at Rs 15,820 crore. All the projects are expected to provide direct and indirect employment opportunities to nearly 47,000 and 1.5 lakh people, respectively apart from bolstering the socio-economic conditions in those regions where the proposed projects would come up, state Industries Secretary, Sourabh Garg said.

Tathya has some details on the Adhunik group’s project. Following are some excerpts:

Adhunik Power & Natural Resources Limited (APNRL) has proposed to invest Rs.3883.40 crore for the 4×250 MW power plant in Birmaharajpur in Sonepur district.

… Adhunik Metaliks Limited (AML), another member of the Group has proposed to set up Down Stream Park for stainless and special products with an investment of Rs.286 crore.  … downstream industries in hot-rolling, cold-rolling utensils, kitchen and hardware.  AML has also proposed for stainless steel pipes and alloys, which received the nod.
The park will be set up at Kumarmunda in a 300 acre area in Sundargarh district.

AML is setting up steel plant at Kumarmunda with a capacity of 0.41 million ton per annum (MTPA).

Tathya has also some details on the JSL project. Following are some excerpts.

JSL Limited posed a proposal to set up a Super Critical Thermal Power Station of 1320 (660X2) megawatt capacity, which has been cleared in the meeting. The Rs.4090 crore Greenfield project will be set up at Luni in Dhenkanal district.

Most importantly JSL, which is setting up a 3.20 million ton per annum (MTPA) capacity stainless steel plant at Kalinga Nagar has proposed to set up Stainless Steel Park (SEZ) with an investment of Rs.740 crore.  … The park will promote auto components, kitchen & life style, light engineering, white goods, cold rolling, pipes and tubes, and service centre. 300 acres of land for the park is needed for the park, which will have man power requirement of more than 2000, said sources. JSL plant is likely to produce stainless steel by end of 2010 and the park is also to be completed by the same time reveal the SLSWCA Report.

The above two downstream park proposals are most likely due to the recent government focus on those aspects, before giving mining leases. The govt. needs to make sure that the down stream parks indeed materialize as proposed.

A report in myiris states that: "About Rs 300 million is proposed to be spent by the company for the hospital project."

Following is an excerpt from a PTI report in Hindu Business Line.

Tata Steel is all set to establish a 200-bed hospital at Gobarghati in Kalinganagar industrial complex of Orissa’s Jajpur district.

About 10,000 people in the vicinity will benefit from the hospital as the steel giant has been extending healthcare facilities to people in its project as well as operational areas as part of periphery development and CSR plan, company sources said.

… For families affected in its green field steel project at Kalinganagar area, Tata Steel is setting-up the hospital in Gobarghati rehabilitation colony. The hospital building is under construction on a land of 4 acres and the civil part of the construction is almost over, the sources said.

When completed it would have round-the-clock service, pathology lab and outdoor complex. In a phase wise manner the number of beds in the hospital would increase to 200. Also to begin with, the hospital would have 4 to 5 doctors and required number of para-medical staff.

Following is an excerpt from a report in Telegraph.

The state-level single-window clearance committee, headed by the chief secretary, today cleared proposals to set up industrial projects drawing a total investment of Rs 2,037 crore.

With the decision, decks have been cleared for signing MoUs by promoters concerned with the state government, sources said.

The committee also forwarded two more proposals for setting up of two thermal power plants to generate 3,300MW with a total investment of Rs 14,275 crore to the high-level clearance authority, headed by the chief minister.

…  While JR Power Gen has proposed to set up a 1,980MW thermal power plant at an estimated cost of Rs 7,988 crore at Kishore Nagar near Angul, BGR Energy has submitted proposals for establishment of a 1,320MW power plant with an investment of Rs 6,287 crore in Nayagarh district.

… the committee gave its final nod to Hindalco’s proposal for setting up an aluminium re-rolling plant with a capacity of 2.85 lakh tonnes at Hirakud in Sambalpur district with an investment of Rs 850 crore.

The proposal of Rashmi Cement Limited to establish a 2 lakh tonnes ferro manganese plant at Haridaspur in Jajpur district with an estimated cost of Rs 300 crore and Dhananjay Industries’s 40,000-tonnes ferro alloy plant at Choudwar near Cuttack with an investment of Rs 180 crore were also cleared.

The committee also cleared the proposal of Kaushal Ferro Manganese for establishment of a re-rolling mill with a production capacity of 2 lakh tonnes at Padiabahal in Sundergarh district with an investment of Rs 82 crore.

The last proposal, which got the nod, was submitted by Bhubaneswar Power Limited to set up a 135MW power plant at Anantpur near Athgarh in Cuttack district on joint venture with Tata Steel and Jasper at an estimated cost of Rs 625 crore.

Following is an excerpt from a report in Indopia.

  … "The first phase with 0.8 Mtpa capacity is expected to be commissioned by June-July, 2010. Work for the stainless steel plant is going on in full swing,"JSL Vice President and Managing Director Ratan Jindal told reporters after meeting Orissa Chief Minister Naveen Patnaik.

Though there has been some delay in the Rs 6,500 crore project …

Once the first phase is commissioned, work for the next phase would be expedited to achieve the 1.6 Mtpa capacity at the earliest.

… He said 50 per cent of the electricity generated from the captive power plant (cpp) of the company is being provided to the state government.

On the proposed 1,000 mw thermal plant to be set up in Dhenkanal, Jindal said details were being worked out for the project.

Tathya.in has a few statements on the simple style of Billionaire owner Ratan Jindal.

Ratan, in fact, known for his down to earth approach and simple life style.

He like others never moves in his personal jet and does not shows off his wealth, said an industry watcher.

He simply moves in Jetlite or Indigo with a few of his officers.

Ratan Jindal is the one of 4 sons of late O. P. Jindal. His mother is a minister in the Harayana state government and one of the brother Naveen Jindal is an MP. There are many colleges and a university with O. P. Jindal’s name. This includes the:

• O. P. Jindal Global University in Harayana with Jindal Global Law School as its first school
• O. P. Jindal Institute of Technology in Chhatisgarh under the aegis of Jindal Education and Welfare Society

The Orissa government should push Mr. Ratan Jindal for an engineering college and a medical college in Orissa.

Following is excerpted from a report in Business Standard.

Though Orissa has 183 million tonnes of chrome ore, constituting 98 per cent of the total chrome deposits in the country, only 3.27 per cent of this, which comes to about 6 million tonne, has been fully explored till date.

To expedite the exploration and exploitation of chrome reserves in the state, the government has granted mining leases to 15 companies including Ferro Alloys Corporation (Facor) and Balasore Alloys.

Of the total chrome reserves in Orissa, Sukinda area in Jajpur district has the lion’s share of 173 million tonne (mt). This includes low grade chrome.

The places in Sukinda where the chrome deposits are found are Kamarda (2 mt), Saruabili (9 mt), Sukrangi (7.5 mt), Kaliapani (25 mt), Bhimatanger (98 mt), Kalarangi (0.5 mt) and Chingudipal and Tailangi (13 mt).

Out of the total deposits found in Sukinda area, 18 million tonne are of inferior quality, says the state steel and mines minister, Raghunath Mohanty said.

The Kamakshyanagar in Dhenkanal district, which adjoins Sukinda valley, has about 4.42 million tonne reserve of chromite in locations like Sandhasar, Tulasiposhi, Haladigunda and Kathapal. The estimated reserves at Kathapal are 2 million tonne.

Mohanty said, the total chromite reserve of the state is estimated at 183 million tonne, out of which 177.42 million tonne occur in Sukinda and Kamakshyanagar area.

Following is an excerpt from a report in azcentral.com about mine clean up in Arizona.

Bankrupt Tucson miner Asarco LLC has agreed to pay $30 million to clean up three contaminated mine sites in Arizona and settle the state’s longstanding environmental claims against the company.

… The property, including $4 million to improve and maintain one of Arizona’s few remaining riparian areas, compensates the state for Asarco’s contamination over the years of Mineral Creek, a tributary to the Gila River in Pinal County.

… The $1.6 billion "global settlement" would clean up some 75 sites across the country that have been polluted by Asarco over more than 100 years of active mining and smelting activity.

I wonder if Orissa government can make similar claims against those mine owners in Orissa who pollute the environment. They should start looking carefully at the Sukinda Valley and the Joda-Barbil area which rank very high among polluted places in the world.

Following is from Sambada. It reports that Jindal Steel of Kalinganagar is trying to give its extra power to its plant in Harayana against the agreement that the state of Orissa has the first rights to get that extra power. The Orissa high court was approached on this and it has put a stay order on this. Industrialists should realize that such attempt to steal from a state, that too a poor state like Orissa, is what gives the whole conecpt of industrailization a bad name.

Following is from http://pib.nic.in/release/release.asp?relid=47065.

The Cabinet Committee on Economic Affairs has approved for the six laning of following nine stretches for a total length 1409.93 km costing Rs.18238.05 crore under NHDP Phase V on DBFOT basis:

No.	Section	State	NH No.	Length	Total Project Cost including cost of LA, R&R, pre- constr. (Rs. crore)	Concession Period in-cluding construction period of 30 months
1	Delhi-Agra	UP/Haryana	2	179.10	2494.00	26 years
2	Kishangarh-Udaipur	Rajasthan	79A, 79 & 76	315	3597.47	29 years
3	Chandikhol-Jagatpur-Bhubaneshwar	Orissa	5	67.00	1104.00	27 years
4	Vijayawada-Elluru-Rajamundri	Andhra Pradesh	5	198.20	2751.15	30 years
5	Varanasi-Aurangabad	UP	2	192.40	2974.75	30 years
6	Nellore-Chilkaluripet	Andhra Pradesh	5	183.7	2433.90	30 years
7	Krishnagiri-Walahjpet	Tamil Nadu	46	148.30	1673.17	30 years
8	Belgaum-Dharwad	Karnataka	4	80.18	707.61	30 years
9	Indore-Dewas	MP	3	45.05	502.00	30 years

            The project will be developed by the NHAI through the PPP and the Concessionaire will be selected by NHAI following two stage bidding process.  The first stage of the bidding process i.e., pre-qualification of the bidders has already been completed by NHAI.  The second stage of bidding is in process.

Note, that Jajpur-Rd Duburi is also being 4-laned. With all these 4-laning, Kalinganagar area will be surrounded by four 4-lane segment: NH-5, NH-200, NH-215 and Jajpur Rd-Duburi.

(The above map fragment is from an wikipedia map.)

There will also be two four lane paths from Kalinganagar area to Rourkela.

 With approved plans to four-lane NH 42 between Angul and Sambalpur, the state govt. needs to four lane the segment between Angul and Talcher to have a seamless 4-lane transition between NH-42 and NH-200 at Angul-Talcher.

There is plan to four-lane Bhubaneswar-Puri. The Orissa government should pursue the four-laning of the following:

• NH-42 from Cuttack to Angul
• NH-23 from Talcher to NH-6

The Orissa government should team up with Jharkhand to 4-lane

• NH-23 from Rourkela to Ranchi
• NH-83 from Jamshedpur to NH-6
• NH-5 between NH-6 and Balasore (the last two need for port access in the upcoming ports in the Balasore district)

The Orissa government should team up with West Bengal, Jharkhand, Chhatisgarh and Maharashtra for four-laning NH-6 completely.

These actions will 4-lane the upper part of Orissa with fairly direct 4-lane paths from many areas of Orissa to Delhi and Mumbai. (Fairly direct 4-lane connections exist between Orissa to the south and Kolkata.)

Following is from http://pib.nic.in/release/release.asp?relid=46329.

The Cabinet Committee on Economic Affairs today gave its approval for the development of 4 laning of (i) Panikoili-Keonjhar-Rimouli, (ii) Rimouli-Roxy-Rajmundra sections of NH-215 and (iii) Chandikhole-Duburi-Talcher Section of NH-200 in the State of Orissa under NHDP Phase III A on BOT Basis.

The project cost of (i) Panikoili-Keonjhar-Rimouli section (163 km) is estimated as Rs.1170.59 crore including Rs.84.40 crore towards Land Acquisition (LA), Rehabilitation and Resettlement and preconstruction. Similarly, the estimated cost for Rimouli-Roxy-Rajmundra (106 km) and Chandikhole-Duburi-Talcher Section (133 km) are Rs.849.05 crore and Rs.969.63 crore respectively. The cost towards LA, R&R and preconstruction of other two projects are Rs.195.29 crore and Rs.185.63 crore respectively. The Government would provide the viability gap funding (VGF), which would not exceed 40% of the total project cost excluding the cost of LA, R&R and pre-construction.

The project will be developed by the National Highways Authority of India (NHAI) through the Private Sector Concessionaires who will be selected by NHAI following two stage bidding process. The first stage of the bidding process i.e. pre-qualification of the bidders has already been completed by NHAI. The second stage of bidding process is in progress.

The Concession period for the Panikoili-Keonjhar-Rimouli section will be 20 years. For Chandikhole-Duburi-Talcher Section and Rimouli-Roxy-Rajmundra section the concession period is 18 and 25 years respectively.

*****

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Following is excerpted from a report in Business Standard.

With Orissa witnessing a rush of investment proposals in the iron and steel sector, the domestic and overseas steel majors are exploring the possibilities of developing small and medium enterprises (SMEs) around the large units proposed by them.

Tata Steel is developing a six-million tonne greenfield steel project at Kalinga Nagar, the emerging steel hub of the country. The firm has identified business opportunities worth Rs 12,000 crore in the ancillary and downstream units.

“The opportunities for ancillary and downstream units exist in the areas of operations and maintenance, core specialised services, support specialised services, processing and township management, to name a few. There can be different working models for development of local SMEs as ancillaries and downstream units. One such model includes Tata Steel and other steel majors working together with their ancillary partners in Orissa,” said K Shankar Marar, assistant general manager, (steel technology, at Tata Steel’s Kalinga Nagar project.

…  Another steel major, JSL, (formerly Jindal Stainless Limited), is keen on developing an industrial park based on downstream stainless steel industries, spread over an area of 300 acres as a part of its SEZ (special economic zone) in Orissa’s Jajpur district.

The SEZ is being developed at an investment of around Rs 700 crore. JSL has engaged US-based consultant CB Richard Ellis for developing a business plan for the project wherein opportunities for downstream industries will be explored.

The SEZ is set to provide direct employment to 3,800 workers besides generating indirect employment for 1,200 others.

Posco which has announced an investment of about Rs 52,000 crore for a 12 million tonne steel plant near Paradeep is also committed to development of ancillary and downstream units and the steel giant has engaged IIT-Kharagpur for a study on the opportunities that exist in this area.

According to a study conducted by IIT-Kharagpur for Posco India, opportunities for SME entrepreneurs exist in the areas of structural steel, ready mixed concrete, refractory, steel and concrete piles, pipes, propeller shafts and furnace building to name a few.

According to the study, opportunities also exist in other operational areas like steel probes, mould flux, thermos materials, manufacture and fabrication of structures, conveyor belts and electrical equipment repairs.

The study adds that business opportunities worth Rs 320 crore exist in the area of refractory, Rs 44 crore for cement, Rs 2.5 crore in hydraulic hoses and Rs 4 crore in wire rods. The first phase of Posco India’s project would generate 35,728 labour intensive jobs and another 30,420 technology intensive jobs.

… Aarti Steel has already started its efforts for developing SMEs as ancillaries for its steel plant in the state.

“We have sourced items and spare parts worth Rs 37 crore from 47 local partners till March 2008. Aarti Steel plans to develop two forging units adjacent to its steel plant for the benefit of the local entrepreneurs and we have approached IDCO to provide land for these units”, said a senior official of Aarti Steel.

On its part, the Orissa government plans to incorporate a clause at the MoU (memorandum of understanding) level with the private steel players to ensure that the mother industries will make necessary efforts for development of ancillary and downstream units.

The efforts made by the steel units to develop the ancillary units will be monitored by officials like district collectors and revenue district commissioners.

Steelguru.com gives some specifics of the SME/MSE impact with respect to Tata Steel’s Kalinganagar plant.

BS reported that the 6million tonne per annum greenfield steel project proposed by TATA Steel in Kalinganagar will require maintenance support services worth INR 1,200 crore when fully commissioned. These services will be outsourced by the company and are expected to create huge opportunities for the small and medium enterprises in Orissa.

The services to be outsourced include warehousing, machine shop, electrical repairing shop, fabrication shops, electrodes and lubricant suppliers, waste management, mechanized material handling and hospitality among others. Since the maintenance cost is about 4% of the total investment in steel industry, this is expected to create huge opportunities for the small and medium enterprises.

Mr B K Singh VP Orissa project of TATA Steel said that "We will invest about INR 30,000 crore in the Kalinganagar project in phases and will require maintenance support services worth INR 1,200 crore.”

He added that the group will work towards developing the local entrepreneurs and will provide assistance to anyone who wants to be a partner in TATA Steel’s business. He added that TATA Steel will give the first right of refusal to local industries in the maintenance support services.

Following is an excerpt from a report in Business Standard.

The rural BPO centre will be established by the Tata Business Support Services (TBSS) — the BPO wing and a wholly-owned subsidiary of Tata Sons — in partnership with Tata Steel Rural Development Society — a corporate NGO managed by the Tata Group for the last 60 years. To start with, it is expected to employ around 200 people.

Sources close to the development said the company has already recruited the first batch of the executives for the BPO unit, who are expected to undergo two months of training at TBSS’ headquarters in Hyderabad. TBSS has developed a specialised training programme in view the fact that most of the new recruits are not computer literate. It currently operates three rural BPO units that employ around 500 people in all.

A spokesperson from Hyderabad-headquartered TBSS confirmed the move. A senior official of the Tata group said the company was looking for graduates and under-graduates with some knowledge of English.

The centre aims at handling the Orissa region front-end and customer support works of group companies including Tata Teleservices and Tata Sky. The BPO unit will also provide services to other firms who have substantial operations in Orissa.

“Opening the BPO unit in Kalinganagar will provide us access to many educated but unemployed youths in semi-urban areas like Jajpur Road and Duburi which have a number of colleges and educational institutions in and around. The education level among the masses in these areas is comparatively high and the aspirations level of the local people is also very high,”said a Tata group executive in charge of human resources development.

“Although most youths in these areas are interested in higher-end and computer-related jobs, there were no opportunity in these places,” the executive added.

The group will initially run the BPO unit in the transit houses and rehabilitation set-up established by the company in Kalinganagar, before moving into a dedicated building in next few months. The centre will start as a voice-based BPO with focus on Bengali, Hindi and English languages other than Oriya.

Following is an excerpt from a report in Financial Express.

An 11-member team comprising industrialists from Haryana, Gujarat, Madhya Pradesh and Uttar Pradesh is on a three-day visit to Orissa to explore possibilities of investments in ancillary industries. The team on Wednesday visited the Kalinga Nagar Industrial Complex at Dubri in Jajpur district.

Orissa is now focusing on ancillary units of mega projects that are coming up in the state with a view to further value addition and employment generation.

While the proposed Jindal Stainless Steel Downstream Park (SEZ) at Kalinga Nagar is the focus, the government is also promoting the Choudwar Industrial estate to the visitors. Orissa is keen to have ancillary industries in Rourkela, Sambalpur, Paradip and Dhamra regions in addition to the Somnathpur Industrial Estate in Balasore.

The steel SEZ (JSSL) is to come up on 300 acres near the 1.6 mtpa steel plant project of Jindal Stainless, and will house industries to move up the value chain by churning out specific products for different sectors. Investment in the SEZ is envisaged to be to the tune of Rs 1,500 crore.

A study conducted by JSSL and international consultancy firm CB Richard Elis has pointed out that the precision cold rolling, pipes and tubes, auto components, engineering products, kitchenware and lifestyle products hold much promise.

"Advantages of setting up projects in Orissa are manifold as it is at the core of emerging Markets in eastern India comprising West Bengal, Jharkhand, Chhattisgarh and north east", the director industries, Hemanta Sharma, told the visiting industries. It is also the gateway to the Southeast Asian countries in terms of exports, he added.

The state government had lined up a comprehensive package including incentives and concessions to promote ancillary enterprises, Sharma said.

Asserting profitability of the ventures here, CEO of Jindal Stainless SS Virdi said applications of steel are growing faster compared with any metals as per capita consumption (PCC) is on the rise. In India, the PCC is only 1.1 kg compared with 15-20 kg in developed countries.

The following list is from www.orissatourism.gov.in/new/Identified_Tourist_Centre_of_Orissa_261207.pdf.

Following is an excerpt from a report in ndtvprofit.com.

Stainless steel could shine brighter in India as in their scramble for market share the steel makers want to locate users of steel next to their factories in special economic zones.

Jindal Stainless and Steel Authority of India have plans to capture customers right next to their stainless steel plants.

"We are setting up an SEZ next to our Orissa plant on a 300 acre land which will have shops, which use our steel for making products," pointed out Ratan Jindal, VC & MD, Jindal Stainless.

Following is an excerpt from a report in Business Standard.

The bulk of this investment will be made in the phase-II development of its stainless steel plant in Jajpur, Orissa.

"We will spend about Rs 5,600 crore for setting up capacity of 8 lakh tonnes (0.8 million tonnes) per annum of steel in Jajpur. The plant will be commissioned by 2012," Vice-Chairman and Managing Director Ratan Jindal told journalists.

The company will borrow Rs 3,200 crore from Indian and foreign banks for the project, while Rs 1,000 crore would be raised through external commercial borrowings. Another Rs 1,200 crore would be invested through internal accruals. "The promoters will infuse equity of the balance amount of Rs 200 crore," Jindal said.

The company has already spent Rs 2,250 crore for 0.8 million tonnes capacity in phase-I at Jajpur.

The following is from http://jcdl.in/about.htm.

JCDL is a unique public-private partnership between IDCO and Industries supported by Government of India & Government of Orissa. JCDL has been formed with the objective of undertaking infrastructure development of Steel & Metallurgical Cluster, Jajpur under Industrial Infrastructure Up-gradation Scheme of the Department of Industrial Policy & Promotion, Government of India.

JCDL was incorporated on 9.3.2004 as 100% IDCO owned. Pursuant to the restructuring proposal approved by the Industries Department, Government of Orissa vide their letter vide No. 22474 dated 24.12.2004, Kalinganagar Industries Association (KIA), an Association of industries in the Kalinganagar Industrial Complex. Jajpur has subscribed to the equity capital of JCDL. Now, KIA holds 51% equity capital in JCDL whereas the equity held by IDCO is 49%.

Current approved sub-projects (from http://jcdl.in/app_proj.htm):

Department of Industrial Policy & Promotion, Government of India had approved Steel & Metallurgical Cluster development project with outlay of Rs.62.50 crores vide their letter No. 5/23/2004/DBA-1 dated 4.8.2004, which was further revised to Rs.80.60 crores vide their letter No. 5/23/1/2004/DBA-I dated 3.4.2006. 

The source of funding includes GOI grant of Rs. 47 crores, Rs. 15.50 crores to be contributed by the stakeholders, and Rs.18.10 crores by IDCO.

The sub-projects sanctioned for implementation with;

Sl. No.	Project	Project Cost (Rs. in crores)
1.	Augmentation of water supply scheme	14.00
2.	Strengthening and up-gradation of Old Military road	26.00
3 .	Road development in Utility corridors	30.60
4 .	Setting up of Central Tool Room	3.00
5.	Up-gradation of power distribution infrastructure	4.50
6.	Development of common facilities centre including Information & Communication infrastructure	2.50
	TOTAL	80.60