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

 

Economic Times reported

Ferro Alloys Corporation (FACOR) will invest about Rs 2,500 crore to set up a greenfield steel plant besides two power plants in Orissa.

With a cash outlay of Rs 2,500 crore, the group plans to set up a greenfield stainless steel plant in Orissa, a 45-MW captive coal-fired power plant and a 250-MW coal based independent power plant in Orissa,” CMD FACOR R K Saraf said here.

The plan for this was mentioned earlier. Following are excerpts from an Economic Times report.

Visa Steel on Friday inked a joint venture agreement with China’s Baosteel Trading and VISA Comtrade of Switzerland for setting up a 1 lakh tonne-per-annum ferro chrome plant in Orissa at a capital outlay of Rs 260 crore.

The JV company, VISA BAO, will be a subsidiary of VISA Steel which will hold a 51% stake. Baosteel Trading and VISA Comtrade will hold 35% and 14% stakes, respectively.  …

Following are excerpts from a Pragativadi report:

The Indian Metals & Ferro Alloys Ltd (IMFA) has posted its highest-ever turnover of Rs 593.53 crore during 2006-07, registering an increase of 26.67 per cent over the previous year.

… the turnover included export earnings of Rs 317.74 crore, that went up by 48.52 percent. The improved operational performance, coupled with higher product prices, resulted in PBIDT increasing by 45.48 per cent to Rs 140.53 crore.

… the company produced a record 130,563 tonnes of ferro chrome during the year, including the tonnage sourced under a conversion contract with an associate company as it shifted focus away from ferro silicon, the output of which declined by 19.39 percent to 30,796 tonnes.

… financial closure had been achieved for a 30 MW dual-fuel power plant at Choudwar that is expected to be operational in 18 months. This will take total power generation capacity to 138 MW, …