Archive for the 'INVESTMENTS and INVESTMENT PLANS' Category
Zensar plans to make its proposed center in Bhubaneswar the second largest in the country; progress report on other IT companies coming to Bhubaneswar
Bhubaneswar- Cuttack- Puri, Genepact, ICICI, IT, Back office, BPO, Khordha, Mindtree 2 Comments »Following is an excerpt from a report in Business Standard.
“Zensar has communicated that it is keen to start construction work on its development centre soon. The Orissa Industrial Infrastructure Development Corporation (Idco) has already given its in-principle approval to allot three acres of land to the software firm in the Infocity region of the city”, a top IT official told Business Standard.
Zensar Technologies plans to invest Rs 30-40 crore on its proposed software development centre. Initially, the centre would be run by a pool of 1,500 professionals but Zensar plans to make its Bhubaneswar centre the second biggest in the country after Pune where its centre is spread over 10 acres.
… Zensar has more than 4,000 employees in India and abroad. The company is rated among the top 25 software firms of the country by National Association of Software and Services Companies (Nasscom).
Meanwhile, other major IT investors have also renewed their commitment on their proposed projects in the city.
MindTree expects to kick off construction work on its Rs 200-crore development centre in the city by June this year. … its centre which would come up over 30 acres of land.
… MindTree would initially recruit about 1,000 software professionals and eventually ramp up its headcount to 6000. Its development centre in Bhubaneswar will focus on R&D, consultancy and software development.
ICICI Bank, which had sought an extension of two years for its Rs 600-crore eastern regional hub, has been asked by the state IT department to start construction work by April.
ICICI bank’s eastern regional hub would have a built-up area of 1.5 million sq ft and it will have a pool of 15,000 employees in the long-run. The project is to be developed in phases over a period of six to seven years. Similarly, Genpact, which had announced a Global Delivery Centre in the city, has submitted a fresh building plan to the Bhubanewar Development Authority (BDA).
Genpact’s centre in the city will have a total built-up area of 7 lakh sq ft. Initially, Genpact would hire 500 people for running its operations and eventually, the headcount will be scaled up to 3,000.
Indocopter plans its 4th maintenance, repair and overhaul (MRO) centre in Bhubaneswar
Bhubaneswar- Cuttack- Puri, Hindu, Business line, INDUSTRY and INFRASTRUCTURE, INVESTMENTS and INVESTMENT PLANS, Khordha No Comments »Following is an excerpt from a report in Hindu.
Indocopters, a Vectra Group company and distributor of Eurocopter in India, is planning to invest close to Rs. 150 crore in expanding its three maintenance, repair and overhaul centres located in New Delhi, Mumbai and Bangalore.
The company will set up another MRO centre at Bhubaneswar in Orissa during the second half of the current year …
Till September 2009, 32.6 per cent of investment proposals worth Rs 3.06 lakh crore have already been implemented in Odisha; this is better than other states: ASSOCHAM
Central public sector, Demanding equitable treatment, Investment ranking, TOI, Economic Times No Comments »The above headlines is partly an excerpt from a Telegraph report. Following are excerpts from an Economic Times report by Nageswar Patnaik.
Orissa is currently implementing project proposals worth of Rs.3,06,575 crore, about 32.6% of total investment proposals received by the state government, which is higher compared to other states, according to the Associated Chambers of Commerce and Industry of India (ASSOCHAM).
Releasing a Paper titled ASSOCHAM Strategy : “Creating and Sustaining Growth Momentum in Orissa” here on Wednesday at a press conference here by Assocham President, Swati Piramal and Secretary General, D S Rawat, however, said at the end of September 2009, the state had 486 live investment projects worth Rs 9.4 lakh crore.
“This is 27% higher than the live investment reported as on September 2008”, Dr Piramal said adding that the respective shares of electricity, manufacturing, mining and services sector in total live investment are respectively 42.8%, 34.7, 56.6% and 6.3%.
… Explaining the reason for the state having more than 65% of investment proposals at announcement stages, the Paper clarifies that lower implementation rate of projects, of late, has become a phenomenon across states in India. “ …
According to the Paper, more than 10% of total investments
announced by both government and private sectors in India as on March 2009 have gone into Orissa. The state has attracted Rs 9,28,834 crore out of a total of Rs 88,71,867 crore announced in India. The state’s share was mere 0.87% in the total investment undertaken by different government sources. “In contrast, the share of Orissa was 13.29% in total investment made by the private sector in India. All most all of the investment that Orissa has seen has come from the private sector while government sources accounted for insignificant amount (Rs 500 crores out of Rs 9.28 lakh crores)”, it adds. .
The Assocham has emphasized on the need for infrastructure development in the state for faster pace of economic growth. “Good infrastructure facilities would not only reduce the transaction costs of the established economic agents but also make the State an attractive destination for new investments. The critical elements of infrastructure development in India are leveraging public resources to access a large pool of private resources and providing an environment that help take advantage of liberalized policies”, the Paper argues.
I have not been able to locate the report from the ASSOCHAM site. If anyone finds it please leave an URL in the comment. Besides the positive news in the above paragraphs, one issue to note is that Odisha is only getting 0.87% of the government investments. I wonder what the number would be if it is narrowed to central government investment. My guess is that the number would be similar. Odisha must make efforts to get its fair share with respect to central government investment, and not just in mining and metal sector. In that regard in http://www.orissalinks.com/orissagrowth/archives/3298 we listed the central PSUs in Odisha and India.
Business Standard focuses on a different aspect in the ASSOCHAM report. Following is an excerpt from the Business standard report.
Citing lack of new age industries in Orissa, the Associated Chambers of Commerce and Industry of India (ASSOCHAM) today called upon the Orissa government to focus on the development of IT, real estate and service sectors.
It also laid emphasis on the development of human resources to bridge the skill gap and improve the employability of manpower in the state.
it strongly pitched for the development of infrastructure, focus on sunrise industries like pharmaceuticals, small and medium industries, adequate importance on climate change and global warming, removal of regional inequalities particularly in KBK districts and connecting the ports with the industrial corridors. Similarly, promotion of employment through cluster development, setting up of ancillary industries, linking industries to supply chain and creation of opportunities for self-employment need to be given priority. …
ASSOCHAM has suggested that the land acquisition need to be left to the buyers and sellers of land and the role of the state should be that of a facilitator only. The project proponents have a role to rehabilitate all those families being uprooted for a project.
On Orissa specific initiative, Rawat said, an Orissa Desk has been set up in Delhi to focus on the human resources development and the development of food processing industries. Berhampur University has been roped in as the partner for the purpose.
The desk is working on the growth of agriculture and food processing industries in the state and drafting Orissa Vision-2020 to provide a road map for the development of the state. An investment seminar called “Orissa Calling Investment”, is proposed to be held in Delhi in October this year to promote investment in the state, he pointed out.
State needs to contribute infrastructure for the proposed PCPIR in Paradip
CENTER & ORISSA, Chemicals, Jagatsinghpur, PCPIR, Paradip - Jatadhari - Kujanga, Petrochemicals No Comments »Following is an excerpt from a report in Financial Express.
The state-owned Industrial Infrastructrue Development Corporation (IDCO) chairman-cum-managing director, Priyabrata Patnaik, told reporters that the Union secretary urged the state government to provide land, water linkage and power supply besides other required infrastructrue for the project.
… The PCPIR project, which is going to spread over an area of 250 square kilometers at Paradip with the Indian Oil Corporation’s (IOC) oil refinery as anchor tenant, is expected to attract investment to the tune of Rs 2,75,000 crore.
The major chunk of investment, about Rs 23,000 crore, will come in petroleum and petro-chemical sector.
The project will generate employment opportunity for more than 2 lakh people when it is fully commissioned.
Following are some pointers on PCPIRs.
OMC’s increasing profit and its contribution to Odisha’s coffer
MINES and MINERALS, Mining royalty, OMC No Comments »Following is an excerpt from a report in sify.in.
The state owned Orissa Mining Corporation (OMC) today paid a dividend of Rs 250 crore to the Orissa government for the year 2008-09. …
OMC has been paying dividend continuously for last five years with the dividend increasing from Rs 60 crore in 2004-05 to Rs 200 crore in 2007-08.
… OMC was able to prove its resilience with the highest turnover of Rs 2085 crore during the year.
The profit before tax (PBT) of OMC increased from Rs 528.04 crore to Rs 1890.22 crore in 2008-09.
Adani group’s port and industrial zone plan for Jagatsinghpur district
Business Standard, Coal, INVESTMENTS and INVESTMENT PLANS, Jagatsinghpur, Jatadhari port (POSCO), Paradeep port, Paradip - Jatadhari - Kujanga 3 Comments »Update: Following are excerpts from another report in Business Standard which has some extra information.
The port project called Adani Kalinga Port is to be developed in two phases at a distance of three km from Jatadhari Muhan, the proposed site of Posco India’s captive port in the state’s Jagatsinghpur district.
… The proposed port which would have 12 berths in all will handle coal, iron ore, liquid and containerized cargo.
… Besides the port, the Group plans to invest in other sectors in the state like power plant, edible oils and mining.
Following is an excerpt from a PTI report in Business Standard.
Ahmadabad-based Adani Group is keen on setting up a large port in Orissa coast and developing an industrial zone, including a power plant, at mammoth investment of Rs 98,000 crore.
A company delegation led by its Managing Director Rajesh S Adani met Chief Minister Naveen Patnaik here and made a presentation in this regard.
The company informed the state that it was interested in setting up a 100 million tonne capacity port in Jagatsinghpur district, near Paradip Port and a proposed captive port by Posco.
With an initial investment of Rs 5,000 crore, the company has proposed to start the first phase of the Rs 10,000-crore port project in 2013-14 and complete it by 2015-16.
It also has plans to set up an industrial zone close to its proposed port in Jagatsinghpur an investment of Rs 88,000.
…The company plans to send coal after mining at Talcher area, to Gujarat and Maharashtra from the proposed port.
"The coal will be sent after washing. The washery reject coal will be utilised for the proposed power plant," a company official said. The proposed power plant would be a part of the industrial zone.
Update on progress on the IT front in Bhubaneswar; Mindtree to start construction in June; ICICI asked to start in April
Bhubaneswar- Cuttack- Puri, Business Standard, Genepact, ICICI, Khordha, Mindtree, Private Parks, State Bureaucrats (IAS, OAS, etc.) 2 Comments »Following are excerpts from a report in Business Standard.
While MindTree expects to kick off construction work on its Rs 200-crore development centre in the city by June this year, ICICI Bank, which had sought an extension of two years for its Rs 600-crore eastern regional hub, has been asked by the state IT department to start construction work by April.
… MindTree, a global IT and R&D services company, co-headquartered in Bangalore and Somerset in New Jersey (US), had entered into an MoU with the Orissa government in March 2006 for setting up its software development centre spread over 30 acres.
… MindTree would initially recruit about 1,000 software professionals and eventually ramp up its headcount to 6000. Its development centre in Bhubaneswar will focus on R&D, consultancy and software development.
ICICI bank’s eastern regional hub would have a built-up area of 1.5 million sq ft and it will have a pool of 15,000 employees in the long-run. The project is to be developed in phases over a period of six to seven years.
Genpact Limited, the BPO (business process outsourcing) arm of the US-based General Electric which had announced a Global Delivery Centre in the city has submitted a fresh building plan to the Bhubanewar Development Authority (BDA).
“We are pursuing Genpact’s case with the BDA to expedite the company’s project”, the official said.
Genpact’s centre in the city will have a total built-up area of 7 lakh sq ft. Initially, Genpact would hire 500 people for running its operations and eventually, the headcount will be scaled up to 3,000.
On Raheja Corporation’s IT park, he said, land has been alloted but the company is yet to take physical possession of it. Mumbai-based K Raheja Corporation proposed to set up an IT park in the city over an area of 30 acres at an investment of about Rs 250 crore. This IT park would have a total built-up area of 10 lakh sq ft and it was scheduled to be commissioned within three years. The project would generate employment for nearly 20,000 people.
K Raheja Corporation had signed a MoU (memorandum of understanding) with the Orissa government in May 2008 and the IT park was scheduled to be commissioned within three years.
Update on Aditya Birla group’s projects in Odisha
Aluminium, Bauxite, Birlas, Koraput, Koraput- Jeypore- Sunabedha- Damanjodi, Sambalpur, Sambaplur- Burla- Bargarh- Chipilima, TOI, Economic Times 1 Comment »Following is an excerpt from a report in Economic Times.
Aditya Birla Group chairman, Mr Kumar Mangalam Birla is very hopeful of completion of the Rs 4,500-crore alumina refinery plant coming up at Kashipur in Koraput district and expansion of Hindalco aluminium smelter project at Hirakud in Sambalpur district.
… In June last year, the Orissa government had recommended the union mining ministry to allot mining lease of Lakharis bauxite deposit in Koraput district in favour of Hindalco Industries Limited, the flagship company of Aditya Birla Group.
This is the second bauxite deposit to be allotted to the Group, which entered into a memorandum of understanding (MoU) with Orissa government in April, 2005 is to set up a world-class aluminium complex in the state.
Officials said the Lakharis mine is estimated to have about 45 million bauxite deposits.
Earlier, the Hindalco was allotted Kodingamali bauxite deposit in the district for its proposed aluminium complex at Kansari.
Aditya Aluminium (another unit of Hindalco) had signed a MoU with the Orissa government on April 8, 2005 to set up an integrated aluminium complex in the state. The project involves a total investment of Rs 11,500 crores for production of 1.5 lakh tones of alumina and 3.25 lakh tonnes of aluminium per annum.
Aditya Aluminium has already signed a joint venture umbrella agreement with the Orissa Mining Corporation for bauxite mining in Koraput district.
The company has sought 2012 acres of land for its refinery and 3331 acres for the smelter, sources said.
The state government is in the process of acquiring land for the project, but faces problem in some villages, the sources added resulting in the delay in grounding of the project.
Odisha signs MOUs for investment of 200846 Crores in 2009; Second behind Gujarat: Samaja
Investment ranking No Comments »

Vedanta’s trauma center in Bhubaneswar to be located in Gangapada
Anil Agarwal, Bhubaneswar- Cuttack- Puri, HEALTHCARE and HOSPITALS, Khordha, Vedanta 1 Comment »Gangapada is couple of kilometers before Khurda on the National Highway. The Bhubaneswar-Cuttack CDP proposes the new airport to be located there. Following is an excerpt from a report in Business Standard about the Vedanta sponsored trauma center coming up there.
The construction work for a 100-beded, state-of-the-art Trauma Care Centre, to be set up by Vedanta Aluminium Ltd (VAL) in Bhubaneswar, is likely to start soon.
The state government has handed over the required 10 acres of land for the centre which would come up near Gangapada on the national highway No.5 in the Bhubaneswar-Khurda patch. It will handle the ever-increasing trauma cases and an estimated Rs 75 crore is proposed to be spent on the project. HOSMAC Consultant, an internationally reputed hospital maker has been roped in by the company to render its professional expertise for this project, company sources said.
… The setting up the centre assumes importance as the death rate in accidents per hundred population in Orissa at 35 compares unfavourably with the national average. Add to it, there is no specialized trauma centre in the state with latest facilities to cater to the treatment needs. “The proposed centre will have facilities that will cater to patients of all income groups at any point of time.
JSL to establish a 704 Crore steel park in Kalinganagar
Jajpur, Jajpur Rd- Vyasanagar- Duburi- Kalinganagar, Jindal, Mettalurgical Cluster - Jajpur (Kalinganagar), Steel ancilaries No Comments »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.
Toyota negotiating with Orissa Sands Complex (OSCOM) for setting up a rare earth chloride plant near Chhatrapur
Berhampur- Gopalpur- Chhatrapur, Business Standard, Ganjam, Indian Rare Earths Ltd, MINES and MINERALS 2 Comments »(Thanks to futureberhampur for the pointer.)
Following is an excerpt from a report in Business Standard by Hrushikesh Mohanty.
Japanese auto major Toyota Motor Corporation has evinced interest in setting up a processing plant for rare earth chloride, one of the intermediate products of monazite.
The auto major is in advanced stage of negotiations with Orissa Sands Complex (OSCOM), a unit of Indian Rare Earths Ltd, for setting up the plant near OSCOM’s site at Matikahal, near Chhatrapur, about 30 km from here. …
The rare earth metals used in manufacturing several electronics items, magnet and automobile tools are in high demand in the international markets.The officials of IREL have anticipated several other companies to come forward to set up their plants to process the individual rare earths in the area.
It may be noted that OSCOM is setting up a 10 million tonne per annum monazite processing plant within its existing unit in Orissa.
… The monazite processing plant is expected to start production from next year. Presently the Mining and Mineral Separation (MMS) plant of OSCOM is producing ilmenite and associated minerals by processing the rare earth minerals which are abundant in the Ganjam coast. The present capacity of the MMS plant of OSCOM is 2,20,000 tonnes per annum and the capacity utilization of the plant is almost 100 per cent.
ASSOCHAM Press Release: Gujarat, Orissa & Andhra top 3 Domestic Investment Destinations of 2009
Investment ranking 1 Comment »(Thanks to kalahandia for the topic idea.)
The following is from the press release at http://www.assocham.org/prels/shownews.php?id=2303.
Thursday, January 21, 2010
Undeterred by economic slowdown, the domestic investment announcements of India Inc. registered a growth of 16 per cent during calendar year 2009 over 2008 with Gujarat, Orissa and Andhra Pradesh emerge as frontrunners, according to an analysis of ASSOCHAM Investment Meter (AIM) Study on Corporate Investments.
As per the annual AIM assessment report for Corporate Investments across States and Sectors, total investment plans of India Inc. increased significantly from Rs 13,80,099 crore in 2008 to Rs 15,94,203 crore in 2009; out of which Gujarat, Orissa and Andhra Pradesh carved out a majority share of 15.4 per cent, 12.6 per cent and 8.1 per cent respectively.
The intensity of corporate investment activity during the period of economic downturn has proved the relative resilience of Indian economy.
“The robustness in corporate investment activity on the Indian soil shows how competently the economy has managed to weather the storm of unprecedented global financial crisis” said Mr. D S Rawat, ASSOCHAM Secretary General
In this context, Mr. Rawat, however points out the fact that the implementation of these investment projects has been hampered by a slew of hurdles. These include, land acquisition problems, bureaucratic inertia, ongoing economic slowdown and depressed expat market conditions. The government needs to address these issues on priority basis in order to realize the fruits of these investments.
Among the top investment attracting states, Gujarat registered the highest share in domestic investment plans during the January to December period of 2009. The state witnessed Rs. 2,45,352 crore worth of investment plans. Helped by the investor friendly policies of the state government which led to a smooth relocation of the Tata Nano project, the state attracted majority of investment plans in the real estate, power and infrastructure sectors.
Orissa stood at second position after Gujarat and recorded investment proposals worth Rs. 2,00,846 crore during the last year. The availability of rich mineral resources such as coal and iron ore along with cheap availability of manpower attracted massive investments in Orissa. Steel and power were among the sectors which attracted maximum investments in the state.
Successful commencement of gas production from the D6 block of KG basin helped Andhra Pradesh to rank amongst the top three states in attracting corporate investors in 2009. The state recorded investment plans to the tune of Rs. 1,29,157 crore. Energy and the real estate were among the major sectors that attracted maximum investments.
Karnataka and Maharashtra stood at fourth and fifth position by attracting investment plans worth Rs. 1,06,092 crore and Rs. 91,824 crore respectively during 2009. Karnataka has cashed in its investor friendly image by attracting a proposal of setting up a six-million-tonne integrated steel plant by Arcelor Mittal whereas benefitted by its financial infrastructure; Maharashtra has also been among the leading investment destinations in the country.
In terms of sectoral analysis, the ASSOCHAM Study shows that the power sector was the major investment attracting sector for 2009. The sector attracted investment plans worth Rs. 4,14,327 crore with a share of 26 per cent in the overall investment plans across the country.
Following the power sector, real estate and energy sector were amongst the top investment attracting sectors during the year. Real estate sector witnessed proposed investment plans worth Rs. 2,57,314 crore whereas energy sector attracted proposed investments to the tune of Rs. 1,98,565 crore.
Other sectors which recorded high flowing corporate investments during the last year were metals & mining (Rs. 1,59,534 crore), infrastructure (Rs. 74,210 crore), hospitality (Rs. 43,746 crore), auto/auto components (Rs. 38,150 crore) and telecom (Rs. 34,461 crore).
More details on Vedanta’s proposed burn and trauma-care unit in Bhubaneswar
Anil Agarwal, Bhubaneswar- Cuttack- Puri, HEALTHCARE and HOSPITALS, Khordha, Vedanta 2 Comments »
Following are excerpts from Suchismita Sahoo’s report in orissadiary.com.
… the idea to set up a state of art hospital at Bhubanheswar has recently been discussed between Chief Minster Mr Navin Patttanik and Mr Anil Agarwal, Chairman of the Vedanta Group in his last meeting, and off late the Vedanta management reviewed it seriously and Government has agreed to extend their support to make the best in class .
Realising the need of proper provision to handle the ever-increasing trauma cases, Vedanta has come forward to set up a 100-bed Level I, state-of-the-art Trauma Care Centre in Bhubaneswar. Revealing Vedanta’s plans regarding this novel initiative, the Vice President of Vedanta Group, Ajit Kumar Samal said, "This centre will be established on 10 acres of land involving a proposed investment of Rs 75 crore. As a Level I trauma care centre, it will have facilities that will cater to patients of all income groups at any point of time. We have handed over the responsibility of designing and construction to HOSMAC, an internationally reputed professional group involved in hospital making and research." Informing about the facilities that will be available at this centre, Mr. Vivek Desai, Head of HOSMAC Consultancy Services said, "The centre will have facilities like highest level of surgical care, specialists and equipment available 24 hours, education programme, preventive and outreach programs, program of research in trauma education and injury prevention. This will become a referral resource for communities in nearby regions. Both the clinical and non-clinical facilities will be of international standard. Besides the integrated trauma care facilities including General Medicine, General Surgery, Reconstructive surgery, Orthopedic surgery, Neurosurgery, Vascular surgery, Dermatology, Ophthalmology, Nephrology, ENT and Radiology and Imaging diagnostic services, this centre will also have Emergency Care Services, Ambulatory Care Services and blood bank. The proposed centre is expected to come out as an unmatched proposition in trauma and burns which will include bone bank and skin bank facility. Currently there is no same line dedicated trauma hospital in Orissa or even neighboring state like West Bengal, Chhattisgarh, Madhya Pradesh or Andhra Pradesh." "The institute is the first level-I trauma and burns facility in Orissa and will act as leading trauma centre in the country. The bone bank and skin bank is an unparallel facility in the country which will be available here. The centre will be backed by an integrated life saving road and air ambulance service. The hospital will ensure maximum patient safety and quality of care and will operate in line of NABH / JCI standard," he adds.
Update on Vedanta’s plan with respect to Odisha: steel plant in partnership with L & T; hostel for engineering college in Bhawanipatna; trauma unit in Bhubaneswar
Aluminium, Anil Agarwal, Bauxite, Bhubaneswar- Cuttack- Puri, Business Standard, Iron Ore, Jharsugurha, Jharsugurha- Brajarajnagar- Belpahar, Kalahandi, Khordha, Steel, Thermal, Universities: existing and upcoming, Vedanta 1 Comment »Following are excerpts from a report in tathya.in.
Odisha’s Power sector gets a relief as the first Unit of 2400 Independent Power Plant (IPP) at Jharsuguda would be commissioned in coming Summer’, he said to the media after meeting the Chief Minister.
This will add 600 MW to the state’s power production capacity and can help the State Government in facing the current power crisis.
Mr. Agarwal revealed that construction work of world class Vedanta University near Puri has already started.
At the first stage, the University will have a 1000 bed super specialty hospital and Medical College, also academic building.
Vedanta Boss also informed the meeting that Lanjigarh refinery is fully operational by sourcing bauxite from other states, incurring a huge opportunity loss for both states as well as company.
State Government has assured to look into the issue seriously and try to work out for an immediate solution.
Construction activities for a specialized burn and trauma care centre at Bhubaneswar would begin very soon.
Following is an excerpt from a report in Business Standard.
After committing an investment of Rs 60,000 crore on various projects in Orissa including an aluminium smelter plant, an alumina refinery unit and a mega university project, London-based Vedanta Resources Plc has now evinced interest in setting up a steel plant in the state.
Vedanta plans to set up the steel plant in collaboration with engineering and construction major Larsen and Toubro (L&T).
… However, he did not provide details like capacity of the proposed steel plant, location and investment. It may be noted that in October 2004, Sterlite Iron and Steel Company, a subsidiary of Vedanta Resources, had inked an MoU (Memorandum of Understanding) with the state government for setting up a five million tonne per annum steel plant. The steel plant was to set up at Palasponga in the state’s Keonjhar district at an investment of Rs 12,502 crore. However, the project is yet to take off.
On bauxite supplies, Agarwal said, he has informed the state chief minister that Vedanta’s alumina refinery plant at Lanjigarh in Kalahandi district is operational and the company is sourcing bauxite from other states to run this refinery.
The chief minister has assured that us that bauxite supplies would not be a problem in Orissa which has the fourth largest deposits of the mineral ore in the country, Agarwal informed.
He further said the company is adhering to the environmental norms in running the Lanjigarh refinery, adding, “Our refinery at Lanjigarh is a world class refinery and it is a zero discharge and zero waste unit. …"
He pointed out that the company would commence mining operations at Niyamgiri hills in Kalahandi district after getting the environmental clearance.
Agarwal said, Vedanta has already invested Rs 39,000 crore on various projects in Orissa and these projects have generated direct and indirect employment for about two lakh people.
Vedanta Aluminium has also decided to set aside five per cent of its net profit or Rs 10 crore every year on welfare activities of the tribals of Lanjigarh. The amount will be spent on meeting the needs of the tribals in areas like education, livelihood and health.
The company will also build the hostel for the proposed engineering college of the state government at Bhawanipatna.
On the 2400 MW (6×400) power plant at Jharsuguda, Agarwal said, the first unit of the independent power project (600 MW) will be operational from the ensuing summer.
Talking on the company’s proposed university project, he said, “We have huge local support for our university project and at first we will set up a 1000 bed state-of-the-art hospital as a part of the project.” Apart from the 1000 bed hospital, Vedanta has also firmed up plans to set up a 100-bed burn and trauma care centre at Gangapada on the outskirts of the city. Construction work on this centre wold take off very soon, Agarwal stated.
Tatas talk with Odisha CM about $10 billion coal-to-liquid project
Coal to diesel, Tatas 2 Comments »Following is an excerpt from a report in Telegraph.
Tata Group today proposed to set up a coal-to-liquid plant in Orissa with an investment of $10 billion in joint venture with South African company, Sasol.
… “We had preliminary discussions with the chief minister about the Tata-Sasol project for converting coal into liquid,” Muthuraman said later.
The proposed project would be a large one with an investment of $10 billion, he said, adding that its exact location had not been identified yet.
The proposed plant will generate 1,600MW of power besides producing diesel, naptha and LPG. The byproducts will be tar, phenol, sulphur, ammonium, fertiliser and mining explosives.
According to sources, the proposed plant will have a capacity of 80,000 barrels per day which comes to around 3.6 million tonnes per annum.
The plant, which is scheduled to be commissioned in 2018, will require 28 to 31 million tonnes of coal per annum.
It will need 3,000 acres of land for the proposed plant and 24 million gallons water per day.
Single Window Clearance Committee of Orissa approves several projects worth 30,000 crores
Air separation, Aluminium, Ancilaries, Auto, Bhadrakh, Cement, Cold rolling mills, Cuttack, Dhenkanal, Ferro-chrome, Jajpur, Jajpur Rd- Vyasanagar- Duburi- Kalinganagar, Jharsugurha, Jindal, Kalahandi, Keonjhar, Ore pelletisation, Single Window Clearance (SLSWCA), Sonepur, Steel, Steel ancilaries, Sundergarh, Tathya.in, Thermal No Comments »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.
POSCO gets clearance of 2900 acres from the environment ministry
ENVIRONMENT, Jagatsinghpur, POSCO, Steel No Comments »Following is an excerpt from a PTI report.
South Korean steel giant Posco has finally got the clearance from the environment ministry for acquiring forest land for its proposed Rs 54,000-crore steel project in Orissa, which has been already delayed more than a year.
"The Centre gave the final clearance for handing over 2,900 acres of forest land to us for our 12 million tonne steel project in Orissa. We are hopeful that the state government would soon transfer the entire 4,004 acre of land needed for the project to us," Posco India General Manager, External Relations, Simanta Mohanty told PTI.
Nearly 3,600 acres of land out of required 4,004 acres fall under the government category, while the rest remains under private control.
Following are some excerpts from a report in Business Standard.
… The Infocity-II region is being developed by the Orissa government on over 600 acres of land at Janla between Bhubaneswar and Khurda. Infosys is set to be the anchor tenant of the region. Infosys has committed an investment of Rs 300 crore in the first phase of the project which is scheduled to be operational within 14 months of commencement of construction work.
Infosys has a headcount of around 3,500 at its existing city centre spread over 45 acres and would add 3,000 more people in the first phase of its expansion project. The second campus would have a pool of 5,000 employees in all.
“Infosys has sought 100 acres of land for their second campus in the city. In the first phase, we will allot 50 acres of land to the IT firm in the Infociy-II area”, Pradipta K Mohapatra, the state IT secretary told Business Standard. He hinted that the total investment of Infosys for its second campus may exceed Rs 500 crore. …
The state government has assured to provide water and uninterrupted power supply to Infosys for its second campus in the city. In 2008-09, Orissa recorded software exports worth Rs 1168 crore and Infosys had the lion’s share, accounting for more than 70 per cent of exports.
As per the estimates of the state IT department, the Infocity-II project would be fully operational by the end of 2012. The state government has already sanctioned Rs 150 crore for developing external infrastructure for the project like approach road, electricity and water.
The Infocity-II project would attract many IT firms and it would have a total manpower pool of 1,20,000, Mohaptra said.
The project is set to attract investments worth Rs 4,000 crore from IT ad ITes (IT enabled services) companies.
It would generate direct and indirect employment for about four lakh people in the information technology (IT) and ITes sectors. Presently, more than 18,000 professionals were engaged in the IT sector in the state while the ITes sector had a workforce of over 15,000.
The operationalization of Infocity II would also be a big boon for BIT (Bhubaneswar Institute of Technology) which is adjacent to that.
NALCO plans an aluminum smelter and a captive power plant in Jharsuguda with investment of 16,435 crores
Aluminium, Jharsugurha, Jharsugurha- Brajarajnagar- Belpahar, NALCO, Thermal No Comments »Following is an excerpt from a report in rttnews.
National Aluminium Company or Nalco, the state-run aluminium producer, will invest about Rs.22,000 crore to set up two mega projects, one in Andhra Pradesh and the other in Orissa.
Minister for Mines B.K. Handique told the Lok Sabha Tuesday that the navratna firm would set up a 5-lakh ton aluminium smelter in Jharsuguda, Orissa, along with a 1,260 MW captive power plant at an estimated investment of Rs 16,345 crore.
… it has set apart Rs.2 crore each for pre-project activities in Orissa and Andhra Pradesh.




