{"id":4890,"date":"2011-05-04T10:57:06","date_gmt":"2011-05-04T14:57:06","guid":{"rendered":"http:\/\/www.orissalinks.com\/orissagrowth\/?p=4890"},"modified":"2011-05-04T16:06:58","modified_gmt":"2011-05-04T20:06:58","slug":"high-level-clearance-authority-approves-investment-of-136000-crores","status":"publish","type":"post","link":"https:\/\/www.orissalinks.com\/orissagrowth\/archives\/4890","title":{"rendered":"High level clearance authority approves investment of 136,000 crores in its 14th meeting"},"content":{"rendered":"

Following is from a report in Business Standard<\/a>.<\/p>\n

\n

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

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.<\/p>\n

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<\/span>.<\/p>\n

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

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.<\/p>\n

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<\/span>.<\/p>\n

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.<\/p>\n

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<\/span>. Its refinery would have 3 mtpa capacity and smelter 1.5 mtpa. It would draw 60 cusec water from river Nagavali.<\/p>\n

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<\/span>.<\/p>\n

In textile sector, Andhra Pradesh based NSL Textiles Ltd would set up an integrated textile<\/span> 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.<\/p>\n<\/blockquote>\n

Following are excerpts from a report in Pioneer<\/a>.<\/p>\n

\n

With this, the total investments in the State’s industry sector went up to `5.36 lakh crore.<\/p>\n

… 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. <\/p>\n

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. <\/p>\n

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. <\/p>\n

He said both the projects have already been allotted with coal blocks by the Central Government. <\/p>\n

Aditya Aluminium would establish an aluminium park at Katarbaga near Rengali in Sambalpur district<\/span> 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. <\/p>\n

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. <\/p>\n

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<\/span> 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. <\/p>\n

The HLCA also accorded approval to Adhunik Metalics to expand its steelmaking capacity to 3.2 MTPA in its Kuanramunda project in Sundargarah district.<\/span> 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. <\/p>\n

OCL Iron and Steel Ltd got the clearance for capacity addition to its project at Kutnia, Rajgangpur<\/span> 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.<\/p>\n

The HLCA also approved the proposal of existing Lacno Babandh Power Private Ltd at Khadakhprasad<\/span> to double its power generation capacity from 1,320 MW. <\/p>\n

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.<\/p>\n<\/blockquote>\n

<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68,783,10,58,609,708,11,699,710,168,17,62,20,66,21,160,374,67],"tags":[],"class_list":["post-4890","post","type-post","status-publish","format-standard","hentry","category-industry-aluminium","category-aluminum-ancilaries","category-district-angul","category-anugul-talcher-saranga-nalconagar","category-business-standard","category-coal-to-diesel","category-district-dhenkanal","category-high-level-committee","category-jindal","category-l-t","category-district-rayagada","category-rayagada-therubali","category-district-sambalpur","category-industry-steel","category-district-sundergarh","category-tatas","category-textiles","category-industry-thermal-power"],"_links":{"self":[{"href":"https:\/\/www.orissalinks.com\/orissagrowth\/wp-json\/wp\/v2\/posts\/4890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.orissalinks.com\/orissagrowth\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.orissalinks.com\/orissagrowth\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.orissalinks.com\/orissagrowth\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.orissalinks.com\/orissagrowth\/wp-json\/wp\/v2\/comments?post=4890"}],"version-history":[{"count":0,"href":"https:\/\/www.orissalinks.com\/orissagrowth\/wp-json\/wp\/v2\/posts\/4890\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.orissalinks.com\/orissagrowth\/wp-json\/wp\/v2\/media?parent=4890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.orissalinks.com\/orissagrowth\/wp-json\/wp\/v2\/categories?post=4890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.orissalinks.com\/orissagrowth\/wp-json\/wp\/v2\/tags?post=4890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}