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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.

High level clearance authority approves investment of 136,000 crores in its 14th meeting

Aluminium, Aluminum ancilaries, Angul, Anugul- Talcher - Saranga- Nalconagar, Business Standard, Coal to diesel, Dhenkanal, High Level Committee, Jindal, L & T, Rayagada, Rayagada- Therubali, Sambalpur, Steel, Sundergarh, Tatas, Textiles, Thermal 1 Comment »

Following is from a report in Business Standard.

Orissa government today approved nine new projects, including coal-to-liquid (CTL), steel and aluminium units involving investment of Rs 1,36,000 crore.

The projects got the final nod at a meeting of the high-level clearance authority chaired by Chief Minister Naveen Patnaik, Industries secretary T Ramachandru said.

Apart from two CTL, two steel and one aluminium units, the approved projects included a power plant, one textile unit, a paper plant and an aluminium park, he said.

Among the major proposals was the Rs 42,000 CTL project of Jindal Symflex Ltd to be set up at Durgapur in Angul district using German Lurgi technology, he said adding its capacity would be 80,000 barrels per day.

Requiring 4,000 acre of land, the project would have an 1100 mw captive power plant. Set to provide 6500 direct employment, it would use 90 cusec water from river Mahanadi.

Another CTL project is proposed to be set up by Strategic Energy Technology Systems Pvt Ltd, a joint venture of Tata and Saso, at an investment of Rs 35,000 crore at Gudiakateni in Dhenkanal district.

With a capacity of 80,000 barrels per day, the project requiring 4,000 acre land would have 1100 mw generation facility. It would generate 6700 direct employment while drawing 90 cusec water from river Mahanadi.

An aluminium project is proposed to be set up by a joint venture of L&T and Dubal at an investment of Rs 30,000 crore over an area of 4000 acre in Rayagada district. Its refinery would have 3 mtpa capacity and smelter 1.5 mtpa. It would draw 60 cusec water from river Nagavali.

Seeking to further raise energy production, the HLCA cleared a proposal of Lanco Dabandh Power Ltd to have another 1320 mw unit at an investment of Rs 5000 crore in addition to its earlier plant of same capacity in Dhenkanal district.

In textile sector, Andhra Pradesh based NSL Textiles Ltd would set up an integrated textile plant at an investment of Rs 1500 crore with a promise to provide 5000 jobs and steps to encourage one lakh farmers to grow cotton over an area of 2.25 lakh hectares of land.

Following are excerpts from a report in Pioneer.

With this, the total investments in the State’s industry sector went up to `5.36 lakh crore.

… Principal Secretary of Industries, T Ramachandru said the two ambitious coal-to-liquid projects are first of its kind in the country to be set up in joint venture. While Jindal Synfuels Limited of Jindal Steel and Power would set up a `.42,000-crore plant with technical collaboration of Largy of Germany, Strategic Energy Technology, a Tata venture, would establish its project with an investment of `45,000 crore with technological collaboration of Sasol of South Africa.

He said Jindal;s plant would be located at Durgapur in Angul district with a production capacity of 80,000 barrels of diesel and other petroleum products per day. Besides, Jindal Synfuels would also establish a 1100-MW captive thermal power plant. The project would require 90 cusecs of water to be drawn from the Mahanadi. It would require about 4000 acres of land. It would provide employment to around 6,500 persons.

The Tatas would set up their project in Dhenkanal district in 4,000 acres of land with a requirement of 90 cusecs of water. The project, which includes a 1,100-MW captive power plant, has direct employment potential of 6,400 persons and would produce 80,000 barrels of petroleum products per day, Ramachandru said.

He said both the projects have already been allotted with coal blocks by the Central Government.

Aditya Aluminium would establish an aluminium park at Katarbaga near Rengali in Sambalpur district by investing `1,300 crore to encourage ancillary and downstream industries in the small-scale sector. The park, which would require 211 acres of land, would facilitate units like foundry, wire drawing, extrusion and coil in its cluster.

The HLCA also approved the proposal of L&T Dubal, a joint venture company of L&T and Dubal Aluminium of Dubai, to establish an integrated aluminium project with a 3-MTPA alumina refinery and a 1.5-MTPA smelter with an investment proposal of `30,000 crore. The aluminium project would be located at Rayagada. The project, whichwould provide direct employment to 3,000 persons, would require 4,000 acres of land and 60 cusecs of water to be drawn from Nagavali river. The company is already in possession of bauxite mines.

Andhra Pradesh-based NSL Textile has also received clearance of its proposal to set up an integrated textile project at Rayagada with 3-lakh spindle capacity. The company would invest `1,500 crore to produce 6,000 pieces of cloths of varied qualities per day, Ramachandru said. He said the company would enter into agreements with farmers for cultivation of cottons to meet its raw material demands. The company would involve at least one lakh cotton growers for cultivation of cotton in 2.5 lakh acres of land in a buyback process. It would instal ginning, cotton processing, yarn preparation and finished clothes plants. It requires 400 acres of land Besides these new projects, the Industries Secretary said, the HLCA cleared the proposal of JK Paper Ltd of Rayagada to expand its capacity to 1.5 lakh tonne per annum with an involvement of `1,475 crore. With the capacity addition, the company would provide employment to 3,800 more persons. The company has applied for 150 acres of land to its existing 659 acres to set up the expansion project.

The HLCA also accorded approval to Adhunik Metalics to expand its steelmaking capacity to 3.2 MTPA in its Kuanramunda project in Sundargarah district. The company, which proposes an additional investment of `8,125 crore, promises to provide 2,100 more jobs. Presently, its production capacity is around .041 MTPA. It requires 100 acres of land for the expansion project.

OCL Iron and Steel Ltd got the clearance for capacity addition to its project at Kutnia, Rajgangpur to 0.95 MTPA at an investment of `2,834 crore. It proposes to provide 2,500 more direct jobs. It also envisages downstream industries and requires 650 acres land.

The HLCA also approved the proposal of existing Lacno Babandh Power Private Ltd at Khadakhprasad to double its power generation capacity from 1,320 MW.

It proposes to set up two new units of 660 MW and invest additional `5,000 crore in its thermal power plant. It requires an additional 700 acres of land and would provide employment to 800 more persons, the Industries Secretary said.

New investments and investment projects under implementation

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Following is from a Business Standard report in sify.com.

Orissa has continued its growth momentum as a favourite destination for investors attracting investments worth Rs 98,929.49 crore in the April-June period of this fiscal. The most of these new investment proposals are in sectors like power, steel, cement, food processing and downstream industries.

The single largest investment proposal of Rs 45,000 crore has come from Strategic Energy Technology Systems Pvt Ltd for a coal to liquid project at Angul on May 12, 2010.

The bulk of the investments- Rs 33,569.25 crore has been proposed in the power sector with proposals for setting up of Independent Power Plants (IPPs) with a cumulative capacity of 7740 MW.

Ferro Alloys Corporation (FACOR) Power Limited has proposed to set up a 270 MW (2×135) coal-based thermal power plant at Haridaspur in Jajpur district. Similarly, KU Projects intends to set up a 1320 MW (2×660) power plant at Thakurpur in Sonepur district at an investment of Rs 7260 crore. This project has been cleared by the High Level Clearance Authority (HLCA) of the state government.

Similarly, Shivani Thermal Power Station of Ghaziabad (Uttar Pradesh) has proposed to set up a 1320 MW (2×660) power plant at Chhotapadagan in Cuttack district at a cost of Rs 7554.54 crore.

Visa Power has submitted a revised proposal to the state government owned Industrial Promotion and Investment Corporation of Orissa Ltd (Ipicol) to set up a 1320 MW (2×660) power plant at Brahmanabasta in Cuttack district, entailing an investment of Rs 6319.48 crore.

Shri Anant Infra Energy Pvt Limited has evinced interest to set up a 210 MW coal-based power plant at Garjan Bahal in Sundergarh district.

Responsive Industries Ltd has proposed to set up a 1320 MW (2×660) power plant at Manmunda in Boud district at a cost of Rs 6487.50 crore.

CLP Power India Pvt Ltd plans to set up a 1980 (3×660) MW power plant at Majhapada in Sundergarh district at a cost of Rs 10,000 crore.

Among the investment proposals in the cement sector, Kolkata-based Icore Super cement Ltd has proposed to set up a cement plant at Somnathpur in Balasore district at an investment of Rs 151 crore.

While Ramco Industries Limited has evinced interest to set up a 120,000 tonnes per annum asbestos fibre cement sheet plant at Jharsuguda at a cost of Rs 35 crore, Madras Cement intends to set up a 4000 tonne per day cement plant at Nandibera in Malkangiri district at a cost of Rs 750 crore.

Reliance Cementation Ltd has submitted proposal for a 2.8 million tonne per annum cement plant at Jallangbara in Sundergarh district at a cost of Rs 970 crore.

Similarly, Binani Cement plans to set up a one million tonne per annum clinker grinding unit at Dhamara in Bhadrak district at a cost of Rs 130 crore.

In the steel sector, Rashmi Metalliks Limited has proposed to set up a three million tonne per annum pelletisation plant and 44 m captive power plant at Baliarpur in Bhadrak district at an investment of Rs 3465 crore.

The Orissa Minerals Development Company Limited has evinced interest for a two million tonne per annum beneficiation and pelletisation plant at Dalki in Keonjhar district at a cost of Rs 889 .

Following is excerpted from a report in indiainfoline.com.

The statewise breakup of investment under implementation as on June ’10 (Rs. Crores) has been Maharashtra (666065), Orissa (498190), Gujarat (487361), Andhra Pradesh (478612), Tamil Nadu (334960), UP (326356), Haryana (318488), West Bengal (288109), Karnataka (279033), Jharkhand (173008), Chhattisgarh (167557), Madhya Pradesh (165848), Kerala (126223), Punjab (115683), Rajasthan (84955), Bihar (59339), Jammu & Kashmir (44339), Himachal Pradesh (43928), Uttrakhand (38869), Assam (36124).

… The capital goods industry’s performance is mainly on account of spurt in investment activity in Haryana, UP, Kerela, Orissa and Uttarakhand in the first quarter of 2009-10.

… The rate of implementation (% share in total live investments) as per June 2010 in prominent states, has been the most in Haryana (81.5) followed by UP (70.6), Assam (65.9), Maharashtra (61.7), Punjab (60), Andhra Pradesh (58.5), Himachal Pradesh (56), Jammu & Kashmir (53.1), Kerala (51.9), Bihar (50.5), West Bengal (49.4), Tamil Nadu (47.7), Orissa (44.3), Chhattisgarh (40.6), Madhya Pradesh (40.2), whereas states like Uttrakhand (39.1), Gujarat (38.9), Rajasthan (34.7), Karnataka (32.7) and Jharkhand (28.2) are lagging behind in this aspect.

JSPL has plans for 1 lakh crore investment in Odisha including an engineering college and a power training institute

Angul, Anugul- Talcher - Saranga- Nalconagar, Business Standard, Coal, Coal to diesel, Engineering and MCA Colleges, Gasification (from Coal), Jindal, Steel Comments Off on JSPL has plans for 1 lakh crore investment in Odisha including an engineering college and a power training institute

Following is an excerpt from a report in Business Standard.

… "After completing the official procedures, we will sign an MoU for the CTL project involving an investment of Rs 42,000 crore," JSPL Executive Vice-Chairman and Managing Director Naveen Jindal told reporters after a meeting with Chief Minister Naveen Patnaik here this evening.

…Stating that he discussed with the chief minister the group’s four projects comprising the Rs 52,000-crore steel plant, a thermal power plant involving Rs 6,600 crore, the Rs 42,000-crore CTL plant and an industrial complex envisaging an investment of Rs 500 crore, Jindal said a total of Rs 1,01,100 crore would be invested in Orissa over the next decade.

"We also discussed (with the chief minister) on our proposal of enhancing steel capacity from 6 million tonne per annum (mtpa) to 12.5 mtpa," he said, adding the department of steel and mines is likely to list this project for consideration of the task-force by the end of July.

Jindal said, on completion, "about 80,000 barrel of oil per day will be manufactured from the proposed CTL plant." The project is likely to be listed in next task-force meeting in July itself, he added.

… Earlier, the Tata Group, in collaboration with Sasol of South Africa, had evinced interest in setting up a similar coal-to-liquid plant in the state.

… Jindal indicated to set up the unit in Angul district where its steel plant is being built.

JSPL, which had already been alloted a coal block in the state, would complete its proposed CTL petroleum project in eight years, a company executive said, adding about 32,000 would get employment in the project.

… While many mega industries face difficulties in implementing their MoUs, the JSPL chief said his company got support of the local people in Angul district.

Besides these four mega projects, JSPL is also working on setting up an engineering college and a power training institute, Jindal said adding the company is committed to recruit local youths in its plants.

Jindal’s $10 billion plan for Odisha includes Coal to liquid plant and power plant

Angul, Anugul- Talcher - Saranga- Nalconagar, Coal, Coal to diesel, Jindal, Steel, Thermal, TOI, Economic Times 1 Comment »

Following is an excerpt from a report in Economic Times.

… "The state has received an investment proposal of Rs.101,100 crore (Rs.1 trillion/$22 billion) from Jindal Steel and Power. About $10 billion has been proposed for the new coal-to-liquid project," a senior official of the state steel and mines department said.

The project includes the coal-to-liquid plant, the thermal plant and a coal washery.

A coal block has already been allocated to the company in Angul district, over 160 km from here, by the central government. And the steel producer and power utility is now looking for about 2,000 hectares of land for the project, Naveen Jindal said.

"About three sites were being explored and the company prefers a location near the coal block," a senior company official said.

Also, Jindal is building a 12.5 million tonne steel plant, a 1,320 MW capacity power plant and an industrial complex in the same district. The company requires about 4,500 acres land for the steel and the power plant. "About 4,000 acres has already been acquired," the official said.

"The work on the steel and the power plant is going on and we hope to commission one part of the power plant and the steel plant by the end of this year," he said.

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.

Two coal-to-oil projects, costing $6-8 billion each, to come up in Orissa

Angul, Anugul- Talcher - Saranga- Nalconagar, Coal to diesel, Gasification (from Coal), Jindal, Tatas, Thermal 2 Comments »

Following is an excerpt from a report in Telegraph.

The government has awarded the country’s first two coal-to-liquid-petroleum projects to the Tatas and Jindal Steel and Power.

Both the projects, estimated to cost $6-8 billion each, will come up in Orissa.

The Union coal ministry has allotted the Ramchandi block to Jindal Steel and Power Limited (JSPL) and the north Arkhapal block to Strategic Energy Technology Systems Ltd, a 50:50 joint venture between Tata Sons and Sasol of South Africa.

…Jindal Steel will use the technology of Germany’s Lurgi, while the Tatas will depend on Sasol’s expertise.

In each project, annual production is estimated at four million tonnes based on the daily production of 80,000 barrels.

The process involves the gassification of coal to produce synthetic gas, which is then converted to crude through different technologies.

Given the quality of Indian coal, crude from this process will cost $55-60 a barrel, about 50 per cent more than the current price of $40 a barrel.

However, the project will take at least six years to take off, and crude prices are likely to rule higher than the current levels.

“When a project of this magnitude is being conceived for 25-30 years, one does not only look at current economics,” a JSPL official said.

The process also involves the washing of coal, and the waste thus produced will be used to produce power. JSPL said the project would help it generate 1,350MW of power.

The crude oil produced from coal is expected to be low on sulphur. The bulk of the fuel will be diesel, which is consumed 5 times more in India than petrol.

JSPL’s proposed unit will be located at Kishore Nagar in Angul district of Orissa. The site has been selected keeping in mind the availability of water and rail and road connectivity.

…  JSPL is also building a 6mt steel plant at Angul. Tata Steel, too, plans to set up a unit in Orissa. JSPL said it had already placed the order for two coal gassifier units for the upcoming steel plants at Angul and in Chattisgarh.

 

Tatas, Reliance and ADAG after coal to diesel project in Orissa

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Following is from Sambada.