{"id":492,"date":"2007-08-24T11:15:42","date_gmt":"2007-08-24T15:15:42","guid":{"rendered":"http:\/\/www.orissalinks.com\/orissagrowth\/?p=492"},"modified":"2007-08-24T11:15:42","modified_gmt":"2007-08-24T15:15:42","slug":"16-investment-proposals-get-a-go-ahead","status":"publish","type":"post","link":"https:\/\/www.orissalinks.com\/orissagrowth\/archives\/492","title":{"rendered":"16 investment proposals get a go ahead"},"content":{"rendered":"

Follow are excerpts from a Statesman report<\/a>.<\/p>\n

\n

The high powered committee headed by chief secretary Mr Ajit Tripathy today cleared 16 investment proposals, entailing an investment of approximately Rs 30,000 crore. <\/span>
\n
\nThe projects mainly in the power, steel, aluminium and cement<\/strong> sectors were amongst the 40 project proposals placed before the committee. There were three steel and three power projects amongst the 16 which got the nod today. <\/span>
\n
\nSignificantly while the Ashapura mines chemicals project proposal for a aluminium refinery was approved, the aluminium project of IMFA Group headed by Dr Bansidhar Panda was held up. <\/span>
\n
\n<\/span>… two task forces had been constituted to further evaluate the proposals in the cement and power sectors. The Industry secretary will head the task force for cement sector projects while the development commissioner will be in charge of the task force for power projects, …<\/span>
\n
\nThe power projects cleared by the committee today included the Bhusan Energy project which intends to establish a 2,000 MW thermal power plant at Angul<\/u> with an investment of Rs 8,483 crore. The Visa Power Limited’s 1,000 mw Thermal Power plant at Brhamnabasta in Cuttack<\/u> district at a cost of Rs 3,698 crore was also cleared while the third power project was of Monnet Energy at Sundergarh<\/u>. It will be a 1,000 mw plant. <\/span>
\n
\nThe Rs 4,232 crore aluminium project of Ashpura Mines Chemicals to come up in Koraput<\/u> district was cleared. It aims at setting up a 5 lakh ton refinery and a 1.5 lakh ton smelter plant besides having a 300 MW captive power plant . <\/span>
\n
\nThe Committee approved the three new steel plant projects and the expansion of existing five steel projects in the state. <\/span>
\n
\nBonei Industry company’s project to set up a plant at Sundergarh<\/u> at a cost of Rs 302 crore, M\/s Rungta Sons Ltd’s proposal to set up a steel plant at Barmunda<\/u> at a cost of Rs 930 crore and Free Grade company Ltd’s steel plant at Dhenkanal<\/u> at a cost of Rs 603 crore were also cleared. <\/span>
\n
\nExpansion proposals of SMC Power Generation and MSP Mettalics at Jharsuguda<\/u>, Braja Ispat, Rourkela<\/u> and the Keonjhar<\/u> Orient Ispat were given the go ahead by the committee. <\/span>
\n
\nACC Cement’s proposal for investment of Rs 400 crore for its capacity development was approved while Goa Carbons Ltd’s proposal for a CPC coke plant with an investment of Rs 225 crore was also cleared.<\/span><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Follow are excerpts from a Statesman report. The high powered committee headed by chief secretary Mr Ajit Tripathy today cleared 16 investment proposals, entailing an investment of approximately Rs 30,000 crore. The projects mainly in the power, steel, aluminium and cement sectors were amongst the 40 project proposals placed before the committee. There were three […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68,10,117,5,11,42,32,19,34,66,21,67],"tags":[],"class_list":["post-492","post","type-post","status-publish","format-standard","hentry","category-industry-aluminium","category-district-angul","category-cement","category-district-cuttack","category-district-dhenkanal","category-investments-and-investment-plans-in-orissa","category-district-jharsugurha","category-district-keonjhar","category-district-koraput","category-industry-steel","category-district-sundergarh","category-industry-thermal-power"],"_links":{"self":[{"href":"https:\/\/www.orissalinks.com\/orissagrowth\/wp-json\/wp\/v2\/posts\/492","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=492"}],"version-history":[{"count":0,"href":"https:\/\/www.orissalinks.com\/orissagrowth\/wp-json\/wp\/v2\/posts\/492\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.orissalinks.com\/orissagrowth\/wp-json\/wp\/v2\/media?parent=492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.orissalinks.com\/orissagrowth\/wp-json\/wp\/v2\/categories?post=492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.orissalinks.com\/orissagrowth\/wp-json\/wp\/v2\/tags?post=492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}