Archive for the 'TOI, Economic Times' Category

Infosys plans for a 500 crore investment in Bhubaneswar

Akshay Patra Foundation, Bhubaneswar- Cuttack- Puri, HEALTHCARE and HOSPITALS, IT, Indian majors, Infosys, Khordha, TOI, Economic Times 1 Comment »

Following is an excerpt from a report in Economic Times.

IT major Infosys today said it would invest Rs 500 crore in Orissa for setting up an SEZ in IT and ITeS sectors and take care of children’s mid-day-meal scheme and healthcare services.

“We have proposed to set up an IT SEZ in Bhubaneswar. The project will require 50 acres of land”, T V Mohandas Pai, Director HR, ER and administration and member of board of Infosys, told reporters here.

… Pai who had been funding mid-day meal for 10,000 school children in Nayagarh district, also agreed to extend the programme to Gajapati and Kandhamal districts, official sources said. Besides, 30,000 children in Puri district were also getting midday meal in Puri district.

“We have been spending Rs 6.50 per child to provide quality food,” Pai said pointing out that Infosys had spent Rs 5.5 crore towards its corporate social responsibility.

Shetty, who had been providing health care service to BPO staff, urged Patnaik to allot five-seven acres of land in the city for setting up a 1,000-bed heart hospital.

As the city was gradually becoming a IT hub of Eastern India with almost all major players opening their development centres, employees required quality heath service, Shetty said.

“We have also requestedthe state government to help Shetty set up a heart hospital here”, Pai told reporters.

Chinese to help in the making of a world class station in Bhubaneswar?

Bhubaneswar- Cuttack- Puri, ECOR, Khordha, Railway network in Orissa, TOI, Economic Times No Comments »

Following is an excerpt from a report in the Economic Times.

Railways may seek Chinese help in developing railway stations at Bhubaneswar and Bypanahalli in Bangalore.

A high-level Chinese delegation is visiting India from tomorrow to understand the Indian Railway system in a better way as part of the memorandum of understanding (MoU) signed between both the countries.

The 13-member delegation headed by Wu Wei, Director of Sino-India Railway Cooperation Working Group will visit Agra, Bhubaneswar, Mumbai and Bangalore during their 12-day visit.

… The two countries’ cooperation in rail sector is envisaged in the MoU signed on January 14 during Prime Minister Manmohan Singh’s visit to Beijing. The agreement, valid for three years, envisages development of rail-related programmes of mutual interest.

… The team would visit railway station at Bhubaneswar and Bypanahalli to explore the possibility of developing these stations at the international level. "After visiting these places, the team would share their views with us about the way to go ahead with the project, said the official.

Mindtree to start construction in April

Bhubaneswar- Cuttack- Puri, ICICI, IT, Khordha, Mindtree, TOI, Economic Times, WIPRO No Comments »

Following is an excerpt from a report in Economic Times.

IT consulting firm MindTree Consulting Ltd would the start construction of its proposed development centre here from April, official sources said.

MindTree Consulting is one of the four major firms which had proposed investment in Orissa’s IT sector, the others being Genpact Limited, ICICI Eastern Regional Hub and Wipro Limited.

According to Orissa’s Information Technology Minister S N Patro, MindTree Consulting Limited had proposed to invest nearly Rs 200 crore in its project here.

"While Wipro will invest Rs 100 crore in its project, ICICI Eastern Regional Hub proposes to spend Rs 500 crore here," the Minister said, adding that Genpact had proposed to invest Rs 200 crore.

More MOUs in steel and other discussed proposals

Angul, Bhadrakh, Cuttack, Dhenkanal, Ore pelletisation, Pragativadi, Samaja (in Oriya), Steel, Steel ancilaries, TOI, Economic Times No Comments »

Following is an excerpt from a report in Times of India

… the state government signing three fresh MoUs for setting up units, taking the total proposed capacity of output to 75.66 mtpa, involving a total investment of nearly Rs 2,00,000 crore, official sources said.

With this, the number of MoUs for establishment of steel units touched 49, including 11 for mega projects. Besides MoUs with the largest steel maker in the world Arcelor-Mittal and South Korean gaint Posco, the government had signed agreements with domestic firms such as Jindal, Tata Steel and others for mega projects.

All the MoUs were signed during the last six years, they said, adding 26 steel projects had already become partially operational while the mega ones were facing land acquisition problem.

The production capacity so far achieved by these companies was 3.96 mtpa in sponge iron, 0.45 mtpa of pig iron and 3.32 mtpa of steel, besides 308 mw captive power plant.

said the three companies would produce one million tonne of steel per annum.

The companies which signed MoUs are Pradhan Steel and Power Private Limited, Atha Mines Private Limited and Tecton Ispat Private Limited.

While Pradhan Steel proposes to set up a 0.50 mtpa steel plant in over 460 acre land with an investment of Rs 606 crore at Dhurusia in Cuttack district, Atha Mines would set up a 0.25 mtpa capacity unit at an investment of Rs 291.60 crore at Tarkabeda in Dhenkanal district. Tecton Ispat would set up a 0.25 mtpa steel unit over 150 acre of land at an investment of Rs 227.13 crore at Tarkebeda in Dhenkanal district.

Following is an excerpt from a report in Pragativadi.

The meeting …accepted two out of the eight project proposals.

The meeting decided that the state government would seek necessary environmental clearance from the Indian Bureau of Mines (IBM) before giving the nod to any proposal for new thermal plants in the Angul-Talcher belt.

Briefing newsmen after the meeting, industry secretary Ashok Dalwai said that state government had asked the IBM to make a detailed study on the environmental sustainability of the Angul-Talcher areas.

He said that the meeting, while discussing about the setting up of a number of thermal plants in the state also took note of the searing heat in this industrial belt during summer.

The Committee gave its nod to Jindal Photo Ltd’s proposal to enhance its power production capacity from 1,000 MT to 1,200 MT in its proposed plant at Angul.

The SLSWCC also approved the Well Spun Power and Steel Ltd’s proposal to set up its ore beneficiation and pelletisation plant at Dhamra.

The company aims to produce ductile iron and spiral iron from this plant, for which Rs 1,830 crore would be invested.

The company has asked the state government to arrange 2,000 acres of land.

The state government will scrutinise the land requirement proposal. The company had earlier inked an MoU with the state government to set up a 3-MT plant at Angul.

The following is from Samaja:


 

Mittal gets administrative sanction to acquire land - first step in land acquisition

Arcelor Mittal, Keonjhar, Land acquisition, Orissa govt. action, R & R, Steel, TOI, Economic Times No Comments »

Following is an excerpt from a report in Economic Times.

The Orissa government has given administrative sanction for acquiring land at Patana tehsil in Kenojhar district for Arcelor-Mittal’s proposed 12 million tons per annum steel plant.

The company … has already deposited Rs 4.03 crore with the Industrial Development Corporation (IDCO) as processing fee for phase-I land acquisition.

The government has also appointed a nodal officer to oversee land acquisition process and other issues concerning the company’s greenfield project, said Steel and Mines Minister Padmanabha Behera.

Arcelor-Mittal is understood to have sought nearly 8,000 acres of land for the purpose and the state is believed to have agreed to the request.

The government has, however, cleared acquisition of only 1,224 acre of land spread over three villages like Angikala, Baradangua and Bhrungaraj under Patana tehsil in the first phase of land acquisition.

The 1,224 acres demarcated for the first phase acquisition comprised 431 acres of government land and 739 acres belonging to private owners.

While the government had fixed price per acre of state land at Rs two lakh, it was yet to decide cost of private land which would be fixed according to rehabilitation and resettlement policy.

Orissa media links

Business Standard, DISTRICTS, Daily Pioneer, Dharitri (in Oriya), IRFCA postings, METROS/CLUSTERS, NEWS SOURCE, New Indian Express, Indian Express, Financial express, Odisha.in, Orissa Media, Others, PIB - GOI, Pragativadi, Press release, Orissa Govt., Samaja (in Oriya), Sambada (in Oriya), TOI, Economic Times, Tathya.in, calnet, orissa today No Comments »

Following is a collection of links about Orissa on-line media.