Archive for the 'Steel ancilaries' Category

JSPL signs MOU with Odisha government on the proposed industrial park at Parjang, Angul

Angul, Anugul- Talcher - Saranga- Nalconagar, Cold rolling mills, Industrial Parks, Jindal, Steel, Steel ancilaries 1 Comment »

Update:

Following is from a report in Business Standard.

Jindal Steel & Power Ltd (JSPL) has committed an investment of Rs 500 crore for a downstream industrial park in Orissa.

This is the latest in a string of investment plans announced by the company in the state which includes a greenfield steel plant, a coal to liquid project and a proposed deep sea port.

The steel company on Tuesday signed a Memorandum of Understanding (MoU) with the state government for setting up the park at Parang in Angul district. The downstream industrial park is expected to attract investments of Rs 5,000 crore besides generating employment opportunities for 32,000 people, both direct and indirect.

The park is also set to generate tax revenue worth Rs 700 crore per annum for the state government.

The pact was signed between T Ramachandru, principal secretary (industries), Orissa government and Anand Goel, joint managing director of JSPL.

The park, to come up over 1,400 acres of land, is expected to be operational by the end of 2014. It will focus on medium and small scale downstream units that would both add value and result in increased industrial activity.

The industries targeted for the park include steel rolling and other mills for downstream steel products, forging units, beam welding plants, ferro alloy units, pipe manufacturing units, galvanizing and colour coating units, foundries as well as food processing and coal storage units.

Jindal groups plan for Odisha; seeks iron ore mines; dangles medical college

Angul, Anugul- Talcher - Saranga- Nalconagar, Coal, Coal to diesel, Dhenkanal, Iron Ore, Jajpur, Jajpur Rd- Vyasanagar- Duburi- Kalinganagar, Jindal, Medical, nursing and pharmacy colleges, Steel, Steel ancilaries Comments Off on Jindal groups plan for Odisha; seeks iron ore mines; dangles medical college

Following is from Sambada.

The various news reports that initially came after Mr. Jindal met the CM, such as the above, did not mention anything regarding Mr. Jindal wanting iron ore linkage for his steel plants. But reports on the next day mentioned that. Following is an excerpt from a report in Financial Express.

The Jindal Steel & Power Ltd (JSPL), which is all set to commission its 2 million tonne steel plant next month, is desperately looking for iron ore linkage.

JSPL vice-president and managing director Naveen Jindal urged Orissa chief minister Naveen Patnaik for allotment of a captive iron ore mine for the plant.

Jindal met the Orissa CM on Tuesday and discussed the steel project and the captive power plant.

Sources in the government told FE that the JSPL managing director has requested the chief minister Naveen Patnaik to ensure raw material security for the plant through suitable iron ore concession.

Everest Engineering’s plan for Balasore

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Following is from http://www.everestind.com/news-detail.asp?descid=298&CatID=711.

Everest Industries said it would set up a Greenfield project in Orissa with an investment of INR 50 crore, which will help it to achieve a total turnover of INR 1,300 crore in the next two years.

Spread over 20 acres of land, the new plant, which will be the company’s sixth facility, would have a total capacity of 180,000 tonne of fiber cement and steel fabrication.

Mr Manish Garg president told reporters that “The new plant will involve an investment of INR 50 crore and it will come up at Balasore in Orissa and will be commissioned in next 15 to 16 months time.’

Everest Industries is now eyeing pre-engineered buildings segments in a big way in the field of automobile and warehousing sectors. He said that “We are aiming to generate a business of INR 200 crore from pre engineered buildings segment after focusing on warehousing and industrial segment.’

The company, which clocked sales of INR 650 crore in last fiscal, is aiming to grow to INR 1,300 crore by 2012—13 after the new plant starts at Orissa.
Mr Garg said that “By the end of next fiscal, our sales will reach INR 1,000 crore and thereafter it will move to INR 1300 crore.”

Odisha single window clearance committee approves projects involving Rs 1,215 crores

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Following is from a report in ibnlive.com.

The committee headed by chief secretary B K Patnaik cleared two cement projects, an iron ore pelletisation unit and a high tension cable manufacturing unit, official sources said here. The pelletisation project, with 6 mtpa capacity, is proposed to be set up by Chadalavada Pvt Ltd at a cost of Rs 680 crore near Kalinganagar in Jajpur district, they said. The project, proposed to come up in 250 acre, is expected to generate 500 jobs, they said, adding that in the first phase its capacity would be 2.5 mtpa. The cable manufacturing unit is to be set up in 40 acre near Khurda by Gupta Power Infrastructure Pvt Ltd at an investment of Rs 192 crore. It has the potential to hire about 400 people. One of the cement units is proposed to be established in 25 acre, by Jajpur Cement Ltd near Kalignanagar, at a cost of Rs 63 crore. Its capacity would be 0.5 mtpa. Similarly, Nabadurga Industries Ltd seeks to set up two units at a cost of Rs 280 crore. It would have a clinker unit at Kantabanjhi in Balangir district and a crushing project at bainchhua in Cuttack district, sources said adding the entire project would have the potential to provide employment to 400 people.

Odisha plans for a state-specific SEZ policy

Aluminum ancilaries, Anil Agarwal, Birlas, Cuttack, Ganjam, IDCO, IT, IT, Back office, BPO, Jajpur, Jharsugurha, Jindal, Khordha, Sambalpur, SEZs, Steel ancilaries, Vedanta Comments Off on Odisha plans for a state-specific SEZ policy

Following is an excerpt from a report in Business Standard.

Under the proposed SEZ Policy, the state government shall not encourage SEZs based on mining and minerals like iron ore, chrome ore and bauxite. However, SEZs based on the use of intermediate products like alumina for smelting, primary metals for further processing on the value chain and rare minerals like tin, limenite, nickel, platinum and vanadium will be allowed.

Moreover, the state shall not encourage SEZs based on activities like mining that cause pollution. The Orissa State Pollution Control Board shall prepare a list of such industries and the same would be notified by the state government as a negative list.

The mineral based SEZs already approved shall undertake to develop and promote related downstream industrial complexes over a minimum area as prescribed by the Government of India. In the event of non-compliance of this condition, all state concessions shall be withdrawn.

The State Level Single Window Clearance Authority (SLSWCA) shall be the competent authority to screen and recommend SEZ proposals irrespective of the magnitude of investment.

All recommendations of SLSWCA would be placed before the High Level Clearance Authority for approval before making any recommendation to the Government of India.

The state government owned Industrial Promotion and Investment Corporation of Orissa Limited (Ipicol) would function as the state level nodal agency for receipt, scrutiny and placement of the applications before the SLSWCA.

For sector specific projects, the respective nodal agencies like the Orissa Computer Application Centre (OCAC), Industrial Infrastructure Corporation of Orissa Limited (Idco) and Agricultural Promotion and Investment Corporation of Orissa Limited (Apicol) will receive and scrutinize the applications.

As per the SEZ Policy of the state, the import of goods and services made to SEZ units located within the processing zone from the Domestic Tariff Area shall be exempted from Value Added Tax (VAT), entry tax, electricity duty and other cess payable on sales and transactions.

The SEZ Policy of the state has not envisaged any special provisions for backward districts like Kalahandi, Bolangir and Koraput and tribal dominated areas.

Till now, four SEZs have been notified in the state– the sector specific IT/ITes SEZ at Chandaka Industrial Estate in Bhubaneswar developed by Idco, sector specific SEZ for stainless steel and ancillary downstream industries at the Kalinga Nagar Industrial Complex being developed by JSL, aluminium and aluminium products SEZ at Lapanga near Sambalpur being developed by Hindalco Industries and another aluminium SEZ with Captive Power Plant being developed by Vedanta Aluminium Limited at Jharsuguda.

Some of the other Orissa related SEZs plans and approvals that are not mentioned in the above article are (see also http://www.orissalinks.com/orissagrowth/archives/1305):

JSPL plans a 5500 crore industrial park at Parang, 10 kms from Angul on the Angul-Chhendipada Road

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Following is  from a report in Telegraph.

Jindal Steel and Power Limited (JSPL), which is setting up a six million-tonne steel plant here, has proposed to the state government to set up an industrial park at Parang.

… “The park, with an investment of Rs 5,500 crore, will provide employment to about 30,000 people, directly and indirectly, and would go a long way for economic empowerment of the state,” he said, adding that the park was also likely to generate about Rs 636 crore revenue for the state.

“For our steel plant, we require a lot of finished materials such as by-products, semi-products, fabrication units, etc. These could be available from the facilities at the proposed industrial park,” he added.

According to project report, JSPL would spend Rs 500 crore while the remaining Rs 5,000 crore would be raised from the parties who would set up the park. JSPL would provide all sorts of infrastructural facilities including water and power to the units at the park. The site selection has been completed and a pre-feasibility report has been prepared and submitted to the Industrial Promotion and Investment Corporation Limited (PICOL) by the company in May. The company requires 1,381 acres of land at Parang for the park. Water will be sourced from the Mahanadi river situated at a distance of 65km from the site.

The project report also said that there would be 250 units of 42 different varieties at the park. Inside the industrial park would be a knowledge park where two colleges — National Training Institute and Industrial Training Institute — would be set up.

Nine industrial proposals get single window clearance: Samaja

Aluminium, Anil Agarwal, Berhampur- Gopalpur- Chhatrapur, Dhenkanal, Ferro-chrome, Ganjam, Industrial Parks, Jagatsinghpur, Jajpur, Jajpur Rd- Vyasanagar- Duburi- Kalinganagar, Jharsugurha, Kalahandi, Kendrapada, MSE - medium and small enterprises, Paradip - Jatadhari - Kujanga, Rayagada, Rayagada- Therubali, Samaja (in Odia), Single Window Clearance (SLSWCA), Sonepur, Steel ancilaries, Sugar, Thermal Comments Off on Nine industrial proposals get single window clearance: Samaja

Amtek Metal & Mining Ltd (AMML) to set up a mega auto park with an associated two million tonne per annum (mtpa) integrated steel plant and 500 Mw power plant at Tangi in Cuttack district with an investment of 15820 crores

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Following is an excerpt from a report in Business Standard.

The Orissa government today signed a memorandum of understanding (MoU) with Amtek Metal & Mining Ltd (AMML), for setting up a mega auto park with an associated two million tonne per annum (mtpa) integrated steel plant and 500 Mw power plant at Tangi in Cuttack district.

The project envisaging an investment of Rs 15,820 crore, is expected to generate direct and indirect employment for 33,000 persons. Out of the total projected investment, Rs 2050 crore is proposed to be invested for mega auto park in phases.

While the total land requirement for the projects is estimated at 2500 acres, about 550 acres will be required for the mega auto park. … AMML’s project consists of ferrous foundry, steel forging plants, steel fabrication plant, open die forging plant, special fastener, aluminium die casting plant, alloy steel plant and ring gear blank plant among others. It would transfer the hot metal from blast furnace to auto park for production of auto components.

… “With the signing of the MoU, we expect greater interest from the national auto industry which will help create an auto hub in the state”, Patnaik remarked. Taori said, the company would adopt ITIs and the polytechnics in the state to impart skill training to the unemployed youth in Orissa.

JSL to establish a 704 Crore steel park in Kalinganagar

Jajpur, Jajpur Rd- Vyasanagar- Duburi- Kalinganagar, Jindal, Mettalurgical Cluster - Jajpur (Kalinganagar), Steel ancilaries 1 Comment »

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.

Single Window Clearance Committee of Orissa approves several projects worth 30,000 crores

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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.

Tharoor interested in setting up India’s first ever welded stainless steel and duplex pipe manufacturing facility in Orissa

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Following is an excerpt from a report in tathya.in.

Mr.Tharoor met the Chief Minister Naveen Patnaik and Biswa Bhusan Harichandan, Minister Industries to brief them over the proposed investment recently.

As the Chairman of the Afras Projects India Private Limited (APIPL), he has proposed to invest Rs.800 crore in the state.

Mr.Tharoor during the meeting with Ashok Kumar Meena, the Managing Director of IPICOL had presented the proposal to set up India’s first ever welded stainless steel and duplex pipe manufacturing facility.

APIPL is the Indian arm of the Dubai based multinational giant, Afras Ltd.

Mr.Tharoor has asked for a 125 acre patch of land in Choudwar, Dhamra or Gopalpur.

According to the proposal Afras will introduce the State of the Art technology from an established European technology provider.

This will be first down stream industry of the steel sector, which will be using the products of the Jindal Stainless Limited.

R Ravi, Chief Financial Officer (CFO) of Afras Ltd, presented the concept note on the proposed unique project.

At present the company has asked for 50 acres of land and in future to cater the need of the expansion plans, it will be requiring another 75 acres.

POSCO mentions downstream anciliary units

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Following is an excerpt from a report in Pragativadi.

… the new Director of Posco-India, Yong Keun Kim, is however, optimistic about his plans for downstream industries.

… His recent meeting with IPICOL managing director, Ashok K Meena, has unfolded the road map of Posco on downstream and ancillary industries.

Talking to reporters here on Tuesday, he said that Posco’s greenfield project near Paradip would create enormous opportunities for developing ancillary and downstream units close to the steel plant.

Some of the units that are likely to come up, include automobiles, shipbuilding, fishing vessel, heavy fabrication and downstream heat and coil processing, reveals the document.

There is a vast scope of indirect employment opportunity once the ancillary industries are set up in the area, the document says.

Posco has requested the state government for a piece of land near Paradip to set up the facilities.

A detailed project report (DPR) is being prepared by the company, in which investors from South Korea would join for setting up downstream and ancillary projects.

Orissa’s efforts to attract ancillary industries

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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.

Jindal to set up a stainless SEZ

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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.

More MOUs in steel and other discussed proposals

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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:

 

FACOR to invest Rs 2500 cr for expansion in Orissa

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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.

Opportunities for ancilaries: Samaja

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