Archive for the 'Anugul- Talcher - Saranga- Nalconagar' Category

Progress on Jindal Steel and power projects

Angul, Anugul- Talcher - Saranga- Nalconagar, Coal, Iron Ore, Jindal, Keonjhar, Pragativadi, Steel, Thermal No Comments »

Following is an excerpt from a report in Pragativadi.

Jindal Steel and Power Ltd is optimistic about commissioning the first phase of the proposed six MTPA steel mill in Orissa’s Angul district by October 2010.

… Briefing newsmen after the meeting, Jindal said that the work for the first phase of the project was progressing well.

The company had already spent Rs 4,000 crore so far for it and has placed an order for equipment for the purpose.

Of its total project cost of Rs 13,135 crore, JSPL had also spent a lot on land, construction, equipment and other activities, he said.

Jindal said JSPL has a small iron ore mine at Tensa in Keonjhar district and is hopeful of getting raw material linkage to its Angul project. 

We have been allotted coal block for the requirement of our captive power plant and the steel plant, he added.

He said that the company apprised the chief minister about the progress and made a presentation before him, while seeking the state government’s help in availing new raw material linkage early.

The JSPL which signed an MoU with the state government for setting up a beneficiation plant at Deojhar in Keonjhar district and the Angul steel plant on November 11, 2005, had progressed well besides tackling local problems, he said.

Reliance to lease OSRTC land

Angul, Anugul- Talcher - Saranga- Nalconagar, Bhubaneswar- Cuttack- Puri, Cuttack, Dhenkanal, Khordha, Modern Bus Stands, Mukesh Ambani group, New Indian Express, Indian Express, Financial express, PPP, REAL ESTATE, Sambalpur, Sambaplur- Burla- Baragarh- Chipilima 1 Comment »

Following is  from a report in New Indian Express.

The State Government will lease out unused land of Orissa State Road Transport Corporation (OSRTC) at Cuttack, Baripada and here to the Reliance Industries Limited (RIL) for commercial purpose.

The OSRTC has prime land at Master Canteen, Pala Mandap in Cuttack and Baripada town. The corporation will lease out the Master Canteen land to RIL for 33 years for Rs 20 crore. Reliance has proposed to open retail outlets and has agreed to pay a monthly rental of Rs 15 lakh.

The company has reportedly deposited Rs 6 crore with the Government for the OSRTC land at Baripada town. However, OSRTC will collect monthly rent from RIL for all the leased out plots. Rent will be revised every five years.

The proceeds from leased out land will be invested for procurement of more buses and modernisation of the Government bus stands.

In the first phase, five bus stands at Angul, Bhubaneswar, Cuttack, Dhenkanal and Sambalpur will be modernised under the public-private partnership.

While the bus stands of Bhubaneswar, Cuttack and Sambalpur will be renovated, two new bus stands will be developed at Angul and Dhenkanal.

The public utility has 230 on road buses and plans are afoot to add another 50 to its fleet. The corporation has submitted a proposal to the Government for pay revision of the employees, official sources said.

IDCO RFQ (Request for qualification) for modern bus terminals in Cuttack, Sambalpur, Dhenkanal and Angul

Angul, Anugul- Talcher - Saranga- Nalconagar, Bhubaneswar- Cuttack- Puri, Cuttack, Dhenkanal, Modern Bus Stands, Roads, highways and Bus stands, Sambalpur, Sambaplur- Burla- Baragarh- Chipilima No Comments »


10 crores for Berhampur, Koraput, Angul and Parla for drinking water system: Dharitri

Angul, Anugul- Talcher - Saranga- Nalconagar, Berhampur- Gopalpur- Chhatrapur, Dharitri (in Oriya), Drinking water projects, Gajapati, Ganjam, Koraput, Koraput- Jeypore- Sunabedha- Damanjodi, URBAN RENEWAL No Comments »


Power plants in and around Angul

Angul, Anugul- Talcher - Saranga- Nalconagar, Captive power policy, Coal, New Indian Express, Indian Express, Financial express, Thermal No Comments »

Following is an excerpt from a report in New Indian Express.

… The coal rich Angul district alone shared 8050 mw out of these projected power generation. The figure may go up if Reliance Power Limited and Lanco Power who have also evinced interest to set up power plants, go for it.

Besides, there would be another 1900 mw power generation in the district for captive purposes. The district, virtually, is slated to be the power house not only of State but also of the nation as hardly any district in India would have so much of power generation capacity when these projects would go on stream.

The independent power producers are Jindal photo (2000 mw), Mahanadi Aban Power Limited (1050 mw), Bhusan Power Limited (2000), ESSSAR Power (2000 mw), Tata Sponge (1000 mw). All these are in very infant stages.

While Mahanadi Aban and Jindal photo would get their power plants set up at Talcher, the remaining producers will have their ventures at Angul area.

Besides these, steel producers like Jindal Steel and Power Limited would set up its 900 mw of captive power plant while Monnet Ispat will go for 1000 mw of power plant at Angul.

This would be the additional capacity generation of power in the district in addition to the existing generation capacity of 4500 mw of two NTPC and one Nalco captive power plant.

While at Kaniha, NTPC has 3000 mw super thermal power plant, it has another 460 mw plant at Talcher also. Nalco also has a power plant of installed capacity of 840 mw while another 220 mw addition is under way under the expansion.

Taking into account this current capacity, the total capacity of the district in coming years would be around 14000 mw. If Reliance and Lanco come, this figure will go up further.

Most of these upcoming power producers will have their own captive coal mines. Some of them got allotment while others are waiting.

Angul district unlike others is conducive for power plants because of availabity two key infrastructural bases. These are coal and water.

… but how far the area, already extremely polluted, could sustain such power generation on such a massive scale. Environmentalists fear the Talcher and Angul area which is experiencing 50 degree Celsius in summer could be led to catastrophe unless massive forestations and anti-heating measures are not taken right now on a long term basis.

A concrete environmental management plan should and must be in place along side of these power plants, environmentalists asserted.

Plans for various ancillary industrial parks: Dharitri

Aluminium, Angul, Anugul- Talcher - Saranga- Nalconagar, Bhubaneswar- Cuttack- Puri, Cuttack, Dharitri (in Oriya) No Comments »



Masterplan for eight more urban areas

Anugul- Talcher - Saranga- Nalconagar, Berhampur- Gopalpur- Chhatrapur, Bhubaneswar, Bhubaneswar- Cuttack- Puri, Cuttack, Jajpur Rd- Vyasanagar- Duburi- Kalinganagar, Jharsugurha- Brajarajnagar- Belpahar, Paradip - Jatadhari - Kujanga, Puri, Rourkela- Kansbahal, Sambaplur- Burla- Baragarh- Chipilima, Statesman, Telegraph No Comments »

The Orissa government has already involved itself in preparing the master plan for greater Bhubaneswar area. Now there is news regarding its intention to make master plans for 8 more areas. These areas are: Puri-Konark, Rourkela, Sambalpur, Berhampur, Kalinganagar, Paradeep, Jharsuguda, and Talcher-Angul. The govt. is missing a few other areas which it should take up soon. Those are: Baripada, Balasore, Dahamara, Rayagada-Therubali and Koraput-Jeypore. Following are excerpts from a report in Statesman on Orissa govt.’s recent thoughts on this.

In a bid to give major facelift to the upcoming urban areas of the state and for their integrated development, the government will prepare a master plan, within one and half years. The localities include Rourkela, Sambalpur, Berhampur, Puri-Konark, Talcher-Angul, Paradip, Kalinga Nagar and Jharsuguda. … Mr Patnaik underscored the need of adequately trained personnel to successfully handle the technical problems of under-ground sewerage and solid waste management,…. He also stressed on better sanitation, drinking water, housing and slum development. It may be mentioned here that while Rs 950 crore from the funds of JBIC has been sanctioned for sewerage of Cuttack; the capital city has been allotted Rs 499 crore for the same under Jawaharlal Nehru Urban Renewal Mission. Rs 88 crore has been sanctioned for drinking water in Cuttack, Berhampur and Sambalpur. Rs 3.65 crore has also been allotted for slum development in Bhubaneswar.

Telegraph also writes about this.

NALCO to establish an aluminium park in Angul

Aluminium, Ancilaries, Angul, Anugul- Talcher - Saranga- Nalconagar, Bauxite, Coal, NALCO No Comments »

Following are excerpts from a report on this in Business Standard.

National Aluminium Company (Nalco), the largest producer and exporter of aluminium in the country, plans to set up an aluminium park at Angul to boost consumption of the metal within the state.

Most of the aluminium produced by the public sector blue chip company, at present, is either exported or sold outside the state for further value addition. Out of the average 30,000 tonnes of aluminium produced per month by Nalco’s smelter at Angul, 28,000 tonnes are dispatched outside the state, with only 2,000 tonnes being consumed in the state.

The proposed aluminium park is expected to increase the metal consumption within the state to at least 20,000 tonnes per month, says CR Pradhan, chairman and managing director of Nalco.

He said both national and international aluminium players would be invited to set up downstream units in the proposed park to facilitate more metal sales within the state. Nalco has approached the Industrial Infrastructure Development Corporation of Orissa (IIDCO) to acquire about 1,000 acres to be handed over to it for the purpose.

Meanwhile, Nalco’s plan to set up a second smelter plant along with a captive power plant in Orissa depends on the company being allotted additional bauxite mines and coal block for the project. …

Allaying all apprehensions regarding delay in the ongoing expansion project of Nalco, both at Angul and Damanjodi facilities, he said they would be completed within stipulated time.

Angul neighborhoods celebrate puja: a Samaja report with a picture

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20071019a_013101008anugul.jpg

Development plans for various cities in Orissa in offing; starting with the Bhubaneswar metropolitan area

Angul, Anugul- Talcher - Saranga- Nalconagar, Berhampur- Gopalpur- Chhatrapur, Bhubaneswar, Bhubaneswar- Cuttack- Puri, Cuttack, Cuttack, Ganjam, Jajpur, Jajpur Rd- Vyasanagar- Duburi- Kalinganagar, Jharsugurha, Jharsugurha- Brajarajnagar- Belpahar, Khordha, NURM, JNNURM, Paradip - Jatadhari - Kujanga, Puri, Puri, Rourkela- Kansbahal, Sambalpur, Sambaplur- Burla- Baragarh- Chipilima, Sundergarh, URBAN RENEWAL No Comments »

Following is an excerpt from a report in Telegraph.

Bhubaneswar-Cuttack and neighbouring towns will be developed into a greater urban complex of international standards catering to the needs of 42 lakh people by 2030.

The final perspective plan to this effect was presented to chief minister Naveen Patnaik here today by a team from IIT, Kharagpur. B.K. Sengupta, heading the team, said the comprehensive development plan for Bhubaneswar, Cuttack, Choudwar, Khurda and Jatni would be ready by August 2008.

Subsequently, development plans would be prepared for places like Rourkela, Puri, Sambalpur, Berhampur, Talcher-Angul, Kalinga Nagar and Jharsuguda industrial complex, said state urban development minister K.V. Singhdeo.

The final perspective plan has envisaged comprehensive development of a greater urban complex comprising twin cities of Bhubaneswar-Cuttack and three adjoining towns spread over 721sqkm at an estimated cost of Rs 34,000 crore.

The required funds would be mobilised through public-private partnership, central government and state government and community contribution, said the urban development minister.

While 11 special zones have been earmarked for extensive development, four have been identified for intensive development and three places (Old Bhubaneswar, Choudwar and Old Cuttack) having heritage value have been set aside for restricted development. Seven sensitive pockets have also been identified.

A patch of farmland on the east of the Kuakhai flowing near Bhubaneswar has also been earmarked for agriculture. The final perspective plan has dwelt on various aspects like transport, traffic decongestion, upgrade of road system, slum development and drainage. Construction of overhead bridges and bypass and the upgrade of road systems have also been planned.

Drainage and sewerage development has also been planned in the twin cities.

A solid waste management plant has been proposed in Bhubaneswar. Bhubaneswar-Cuttack would be made slum-free. The shanties would be removed and the dwellers would be resettled in planned rehabilitation colonies to be built by private builders on the Dharavi model in Mumbai.

GAIL and RCF plan to set up a fertilizer plant in Talcher

Angul, Anugul- Talcher - Saranga- Nalconagar, Coal, Fertilizers, Petrochemicals, RCF No Comments »

Following is an excerpt on this from a report in Business Standard.

GAIL India, the country’s largest transporter and marketer of gas, will diversify from its core business to invest in a fertiliser and chemical plant at Talcher in Orissa. The gas utility will form a joint venture with government-owned Rashtriya Chemicals and Fertilisers (RCF) to set up the Rs 2,400 crore plant which will have a capacity to produce 2,940 tonne per year of urea, GAIL, CMD, UD Choubey said.

An agreement between GAIL and RCF will be signed soon, Choubey said.

“The equity structure is yet to be worked out. RCF will carry out a feasibility study on the integrated fertiliser and chemical plant,” Choubey said.

The plant will be fed with 7 million cubic metres a day (mcmd) of gas produced through the surface coal gasification process for which Coal India (CIL) will supply around 5,000 tonne of coal.

“We are in constant touch with CIL. They have in-principle agreed to supply the coal,” Choubey said.

Explaining the rationale behind diversifying into fertilisers, Choubey said that the trigger for the move was that the company wanted to increase its presence in the gas business in east India. “We have always been supplying gas to fertiliser plants. This is just a move forward,” Choubey explained.

Tata Ginger hotels in Paradeep and Konark in 2008; future plans for Jharsuguda, Angul and Kalinganagar

Angul, Anugul- Talcher - Saranga- Nalconagar, Hotels and resorts, Jagatsinghpur, Jajpur, Jajpur Rd- Vyasanagar- Duburi- Kalinganagar, Jharsugurha, Jharsugurha- Brajarajnagar- Belpahar, Paradip - Jatadhari - Kujanga, Puri No Comments »

Following are excerpts from a New Indian Express report on this.

Tata’s budget hotel chain Ginger is expected to open doors to foodies in Paradip and Konark by the end of 2008.

Chief executive officer of Roots Corporation, Prabhat Pani said, they have already acquired one acre of land each in both these towns and would start construction in the next two months. Plans are also afoot to come up with a Ginger hotel in industrial towns like Jharsuguda, Angul and Kalinga Nagar in the next couple of years.

Roots Corporation is a wholly owned subsidiary of Tata Group and manages the Ginger chain of hotels. The company entered into the State in September last year with the launch of Ginger in the city.

Shamuka beach high end luxury tourism project in Puri with multiple 5 star hotels; other hotel projects

Angul, Anugul- Talcher - Saranga- Nalconagar, Beaches, Bhubaneswar- Cuttack- Puri, Hotels and resorts, Island tourism, Jagatsinghpur, Jajpur, Jajpur Rd- Vyasanagar- Duburi- Kalinganagar, Jharsugurha, Jharsugurha- Brajarajnagar- Belpahar, Paradip - Jatadhari - Kujanga, Puri, TOURISM, ENTERTAINMENT and SHOPPING, Websites of Interest No Comments »

Update: The Orissa government’s tourism web page has additional information on the Shamuka beach project.

Following is an excerpt on this from Expresshospitality.com.

Shamuka Beach in Orissa near Puri is being developed as a high-end luxury tourism destination by the Orissa Tourism Development Corporation. The department has acquired a 1000 acre property south of Puri, and is in the process of acquiring 2000 acres more. It is a natural island and is being developed by the name Shamuka Beach project. Divulging further details about the project, Asit K Tripathi, secretary, Orissa Tourism, says, "It is going to be one of India’s best integrated, dedicated and up market tourism project, with only 5-star hotels. We had advertised and the response has been overwhelming. We have got responses from leading players in the country as well as abroad. ITC-Welcomgroup, the DLF-Hilton combine, Taj Hotels Resorts and Palaces, IHHR’s Ananda Spa, Casino Group of Hotels Earth (CGH Earth), The Oberoi Group, Apeejay Surrendra Group, Marriott International, and Carlson Hotels Asia Pacific have all shown interest. We can allot land to approximately 20 national and international hotel brands. We are coming out with a blue print to develop infrastructure. The third stage will be to establish a golf course and convention center. This will raise the value of Orissa as a leisure destination." "Although we have 934 hotels in Orissa and 2000 rooms, the majority cater to primarily low spending groups, and the rest target high spending tourists or corporates. With this initiative, within 1-2 years, we will have more quality rooms," says Devi Prasad Mishra, tourism minister, Orissa. Samukha Beach and Puri, as well as industrial growth centers like Paradeep, Talcher, Kalinganagar, as well as Jharsuguda and Angul have generated interest from the hospitality industry in recent times - especially budget hotels and business hotels. The no-frills brand of The Indian Hotels Company, Ginger Hotels opened their first hotel in Bhubaneshwar. Carlson Hotels Asia Pacific plans to open its Radisson Hotels & Resorts in Chilika, Puri and Bhubaneswar. Cabana Group, the master licensee of the world-renowned chain of hotels - Best Western International from California is setting-up an international standard culinary college cum 5-star property in Bhubaneswar, and is eyeing Puri to develop the brand.

 

NALCO make Rs 2381 crores profit in 2006-07

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Following is an excerpt from a report in Asian Age.

National Aluminium Company Ltd (Nalco) on Friday notched up the highest ever net profit of Rs 2,381 crores in 2006-07 compared to Rs 1,562 crores in the previous year, thus registering a growth of 52 per cent in the net profit.

The company at its 26th annual general meeting (AGM) held here to approve the accounts for 2006-07 said it also achieved the highest-ever sales turnover of Rs 6,515 crores as against the sales turnover of Rs 5,324 crores during the previous year registering a growth of 24 per cent in turnover. It also made an impressive record export earning of Rs 2,585 crores in the last fiscal.

The gross margin jumped by 40 per cent to Rs 3,942 crores in 2006-07 from Rs 2,811 crores in the previous year. Return on capital employed increased to 32 per cent against 25 per cent in the previous year. The earning per share increased to Rs 37 from Rs 24 in the previous year.

Localities in Talcher

Angul, Anugul- Talcher - Saranga- Nalconagar, Bhubaneswar-Dhenkanal- Anugul No Comments »

20070920a_008101002talcher.jpg

New Coal reserves

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Following is from a PIB.

The Minister of State for Coal Dr. Dasari Narayana Rao informed the Lok Sabha in a written reply today that the exploration activity has established additional resources during Xth Plan period in several coalfields including Orissa and West Bengal. Giving details, he said during the period January, 2006 to March, 2007, 4080 million tonnes of new coal resources have been estimated in the country. As a result the inventory of Geological Resources of Coal in India, prepared by Geological Survey of India (GSI) has increased by 4080 mt as indicated below:

Data of Estimation

Total estimated geological resources of coal in India (in million Tonnes)

As on 1.4.07

257,381

As on 1.1.2006

253,301

Addition of coal resources from 1.1.06 to 1.4.07

4,080

           

Dr. Rao further informed that out of the total addition of coal resources mentioned above 520 million tonnes have been estimated in the state of West Bengal and 1234 million tonnes in the state of Orissa.

The state-wise and coalfield-wise details of estimation of additional coal resources in blocks where exploration has been concluded during the period from January, 2006 to March, 2007 are given as under:-

 

State

Coalfields

New coal resources

Estimated (in million Tonnes)

West Bengal

Raniganj

520

Jharkhand

Ramgarh

79

Jharkhand

West Bokora

186

Jharkhand

North Karnpura

229

Madhya Pradesh

Singaralui

588

Chhattisgarh

Hasdo-Arand

8

Maharasthra

Wardha Valley

173

Maharasthra

Kamptee

55

Maharasthra

Nand Bander

366

Orissa

Talchar

1234

Andhra Pradesh

Godavari  Valley

569

Sikkim

Rangit Valley

73

Total

4080

The Minister added that based on the potential of the blocks revealed from regional exploration data the detailed exploration is under process in different blocks/areas.

Lok Sabha written reply on rehabilitation of land oustees by NALCO

Anugul- Talcher - Saranga- Nalconagar, NALCO, R & R No Comments »

Following is from this PIB release.

The total number of land oustees for National Aluminium Company Limited(NALCO)’s Mines & Refinery Complex, Damanjodi is 600 and for its Smelter & Power Complex, Angul is 35. As a part of rehabilitation policy, NALCO at its initial stage, had formulated a policy for providing employment to one able bodied member of each oustee family subject to suitability of candidate and availability of vacancy. Out of 600 land oustees at Damanjodi, one member each from 591 land oustees has been provided employment and out of 35 at Angul, 34 have been given employment in the Company.

NALCO has intimated that the Company stands committed to provide employment to at least one member of each land oustee family. However, the Company has not been able to provide employment in respect of the remaining oustees as on date due to reasons like non-determination of bonafide nominees, lack of response from the families, etc.

Above information was given by the Minister of State for Mines Dr. T. Subbarami Reddy in a written reply in the Lok Sabha today.

NTPC plans to expand Kaniha plant with another 3000 MW generation

Angul, Anugul- Talcher - Saranga- Nalconagar, Bhubaneswar-Dhenkanal- Anugul, Central public sector, Coal, NTPC, Thermal No Comments »

Following is Samaja’s report on this plan and what Orissa is asking in return.
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Nalco: Rs.446.66 crore profit in Q1

Aluminium, Angul, Anugul- Talcher - Saranga- Nalconagar, Bauxite, Bhubaneswar-Dhenkanal- Anugul, Koraput, NALCO No Comments »

Following is an excerpt from Deepika Global’s report on this.

(UNI) The National Aluminium Company Ltd (NALCO), …, has achieved a net profit of Rs 446.66 crore for the first quarter ended June 2007.

According to the unaudited financial results for the 3-month period of the financial year 2007-08 taken on record in the Board of Directors meeting held in New Delhi today, the company achieved a net profit of Rs 446.66 crore, with a sales turnover of Rs.1287.12 crore.

However, during the first quarter of previous fiscal, the figures were up at Rs 622.30 crore and Rs 1620.82 crore respectively.

The company also achieved higher alumina production of 3,87,800 tonne compared to 3,58,100 tonne in the first quarter of the previous year.

Nalco plans to convert fly-ash to salable products; proposed cement venture

Anugul- Talcher - Saranga- Nalconagar, Cement, Coal, NALCO, Thermal No Comments »

The Economic Times reports on NALCO’s plan about a cement venture and its plans to convert fly-ash to salable product. Following are excerpts from that report.

… (Nalco) has decided to diversify into cement manufacturing and is looking for global joint venture partners to float a medium to large sized cement plant. Nalco’s proposed cement venture is part of its decision to use fly ash generated at its captive power plant at Angul in Orissa and convert it into sale-able products. …

Nalco is primarily looking at the possibility of manufacturing Pozzo-lana Portland Cement (PPC). A byproduct of coal-fired power plants, fly ash can replace a proportion of the clinker used in cement plants. However, the company is also open to any other form of utilisation of fly ash in the JV.

The company is also seeking JV partners for classification and marketing of cementitious applications in the domestic and export markets. Cementitious products have cement-like, cementing, or bonding type properties. As the largest state owned producer of aluminium, Bhubaneswar-based Nalco operates alumina-aluminium complex along with a captive power plant, and has embarked on a major expansion programme to raise metal capacity.

The project also involves enhancing installed captive power generation capacity from 960 mw to 1,200 mw at Angul. Fly ash is commonly used as a high-performance substitute for Portland cement or as clinker for Portland cement production. Cement blended with fly ash is becoming very common. Building material applications range from grouts and masonry products to cellular concrete and roofing tiles.

Nalco has eight power units of 120 mw each, while the expansion project involves setting up two more identical units of 120 mw. These will be commissioned by the year 2008.

Typically, such units generate about 5,000-6,000 tonnes of ash per day, of which fly ash consists of 4,000-4,800 tonnes. A project is un-derway to allow easy loading of fly ash from the plants. By 2009, the quantity of fly ash that can be utilised is expected to touch 4,500 ton-nes per day. At present, this volume is about 900 tonnes.

“Nalco is yet to decide on the size of the cement plant. However, rough estimates show that a one million tonnes cement plant can be put up to utilise three lakh tonnes of fly ash. Nalco’s current fly ash generation per annum is 3.2 lakh tonnes,” a Nalco official said.

Revival of FCI Talcher on the cards

Angul, Anugul- Talcher - Saranga- Nalconagar, Bhubaneswar-Dhenkanal- Anugul, Fertilizers, RCF No Comments »

Livemint reports that RCF (Rashtriya Chemicals and Fertilizers) plans to revive the FCI plant in Talcher. Following are excerpts from that report.

Public sector enterprise Rashtriya Chemicals and Fertilizers (RCF) has planned a capital expenditure of Rs 10,000 crore for the next five years and will consider tapping the capital market for raising funds.

The company is talking to the government on its initial public offer and the process would take six to eight months, …

Of the Rs 10,000 crore capex planned, the debt-equity ratio would be 2:1 and hence the company could borrow up to Rs 7,000 crore while the rest could come from its IPO, he said.

“The company expects to finance its projects largely through internal generation and debt, apart from other modes of generating funds as may be appropriate,” it said in its annual general report.

With the capex money, RCF wants to revive two units–Hindustan Fertilizer Corporation’s unit in Durgapur, West Bengal, and Fertilizer Corporation of India unit in Talcher, Orissa.

Both the units would absorb about Rs 6,500 crore, Jha said.

Expansion of Nalco

Aluminium, Angul, Anugul- Talcher - Saranga- Nalconagar, Bauxite, NALCO No Comments »

Livemint reports on NALCO’s expansion plan. Following are excerpts from that report.

State-run aluminium producer, Nalco, will tap the overseas market to raise $250-million by August-end for its ambitious capacity expansion plan.

Nalco is undertaking a major expansion, including ramping up of its alumina capacity at the cost of Rs 5,040 crore. …

In between, Nalco has placed orders on foreign equipment suppliers for its expansion project and the deliveries are due in 2008.

The project involves expansion of capacity of its bauxite mine, alumina refinery, captive power plant and aluminium smelter by about 33%, he said.

Under the expansion, the capacity of bauxite mine in Koraput district of Orissa would be increased from 4.8 million MT a year to 6.3 million MT.

The alumina capacity would go up to 2.1 million MT annually from the present 1.58 million MT, he said. Besides, the capacity at the captive power plant at Angul in Orissa would be ramped up to 1,200MW, he added.

The PSU also plans to enhance its aluminium smelting capacity from 345,000 MT to 460,000 MT per annum.

In the medium-term, after the completion of the expansion project by 2008-end, a growth of 30% is targeted, the official added.