Orissa clears Rs 1.33 lakh cr proposals in power, steel & aluminium sectors

The Orissa government on Tuesday cleared Rs 1.28 lakh crore worth of investments in sectors like power, steel and aluminium as the high-level clearance authority (HLCA) headed by chief minister Naveen Patnaik gave green signal to 15 high-value projects in one go. HLCA cleared National Aluminium Company Ltd's Rs 16,345.89-crore aluminium complex, Navyug Steel Ltd's Rs 34,000-crore project, Astaranga Power Company's Rs 11,200-crore project, RSB Metal Technology's Rs 6,800-crore alumina project, besides the projects of NTPC, Bhusan Power, JSW, Welspun, JSL, Kalinga Energy and Arati Steel. State steel & mines minister Pradip Amat said Hyderabad-based Navyug Steel Ltd has proposed to set up a 12 mtpa steel complex in four phases at an investment of Rs 34,000 crore in Astaranga over 4000 acres. Amat said the land requirement of the company would be assessed according to the bench mark report after the company submits the detailed project report. Astaranga Power Company's 2600mw thermal power project on 2500 acres would draw its water from the Devi River. Nalco plans to set up a 0.50mtpa aluminium smelter plant and a 1260mw captive plant in two phases. The company would set up 840mw captive plant in the first phase and 420mw in the second phase. The company requires 275.330 hectares for the smelter plant and 575.700 hectares for the power plant. Lanco Solar Private Ltd's proposal to set up a Rs 2800-crore integrated plant for manufacturing solar cells, modules and crystalline silicon at Padmalayapur in Dhenkanal district was also cleared .The plant will help in earning foreign exchange and generating employment opportunities. RSB Metal Technology's wants to set up an alumina refinery of 1.40mtpa and 0.40mtpa of special grade alumina in two phases at Rayagada, a smelter plant of 3.50mtpa, besides a 900mw captive plant with equal capacity and down stream facilities in Dhenkanal. Bhushan Power & Steel Ltd has proposed to set up 11 downstream industrial units at Thelkoi in Jharsuguda at an investment of Rs 1953.87 crore. The downstream industries include sponge iron, liquid steel, cement and cold rolling mill. The 7mtpa iron ore beneficiation plant and 5mtpa pelletisation plant proposed to be set up by JSW Steel Ltd in the Sundergarh district at a cost of Rs 1450 crore over 150 acres was also cleared by the authority. Well Spun Power and Steel Ltd's proposal to set up a 4.50 mtpa iron ore beneficiation plant at Nayagarha in the Keonjhar district and 4.40mtpa pelletisation plant at Dhamra at an estimated project cost of Rs 1963 crore were finalised at the meeting. While the company sought 450.16 acres for the iron ore plant, it asked for 213.19 acres for the pelletisation plant at Dhamra. Amat said Jindal Stainless Ltd would set up an independent power project at Gajamara in Dhenkanal at a cost of Rs 4090 crore. NTPC's proposal to invest Rs 19840 crore for a 3200mw coal-based mega power plant at Gajamara in Dhenkanal on 3000 acres was also cleared by HLCA. The authority approved Kalinga Energy's proposal to set up a 1000mw thermal project at Babudhakuli with an investment of Rs 4261.27 crore. Other projects cleared include Arati Steel's proposal to invest Rs 2065 crore in a 500mw thermal plant at Ghantikhal in Cuttack and Chambal Infrastructure & Venture Ltd's proposal to set up a 1200mw captive thermal project at Siera in Dhenkanal with Rs 4994.03 crore. Source:http://www.financialexpress.com