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Archive for November, 2009

Stone laid of second oil berth at Paradip

November 27, 2009 Leave a comment

 

G K Vasan, Union Minister of Shipping, laid the foundation stone on 27 November 2009 for Indian Oil Corporation’s (IOC) 10 million tonne oil berth at Paradip port in Orissa.
The new oil berth, second in the port, is estimated to cost Rs 172.97 crore. The existing one has a capacity of six million tonne.
As per sources, the need to have a second oil berth arises out of the proposed plan of IOC to build a 15 million tonne oil refinery at Paradip, which is slated to go on stream in 2012.
Besides, the minister also inaugurated a RO-RO Jetty for the use of Coast Guard and IOC at Paradip Port. The length of the jetty is 243 mtrs, which can accommodate both Coast Guard and IOC vessels at a time and also can operate as two separate jetties.
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Categories: Shipping Infra

KKN Group to diversify into steel making

November 27, 2009 Leave a comment

Kolkata based KKN Group is planning to venture into steel manufacturing by end- December 2009.

The group is likely to begin operations at its newly acquired Poddar Forging in Bhadrak in Orissa. It has already invested Rs 65-70 crore in the steel company where it intends to manufacture TMT bars, and iron castings required primarily by the railways, electricity boards, wagon builders, automobile units and related sectors.
This apart, the group is planning to invest Rs 250 crore across its various product categories by 2011. It plans to expand its presence by venturing in Gurgaon, Bangalore and Mumbai and for this it is likely to partner corporate houses such as Spencers’ Retail, Big Bazar etc.
Categories: Metallurgy

Vedanta plans peripheral development around Niyamgiri mines

November 21, 2009 Leave a comment

 

London based Vedanta Resources Plc has formed a SPV – Lanjigarh Project Area Development Foundation – to take up peripheral development works around Niyamgiri bauxite mines in Kalahaindi and Rayagada districts of Orissa.
Vedanta through its subsidiary Sterlite Industries has 49 per cent stake in the SPV, while the Orissa Government and Orissa Mining Corporation (OMC) have 26 and 25 per cent, respectively.
The SPV had decided to take up programmes of solar electrification, development of infrastructure for education, health and communication in the peripheral area spreading over two districts at a cost of Rs 17.70 crore.
According to sources, the state government is taking steps for granting bauxite mining lease over an area of 721.323 ha in Niyamgiri hills of Kalahandi and Rayagada districts to OMC, which, in turn, is likely to form a JV company with Sterlite for operation of the mines. The JVC is expected to sell the bauxite to Vedanta’s plant at Lanjigarh.
Categories: Metallurgy

Commissioning of Dhamra Port in Orissa to be delayed

November 16, 2009 Leave a comment

Dhamra Port in Orissa is likely to be delayed and the scheduled commissioning in April 2010 is now expected in September/October 2010.

According to sources, the cost of the project is also likely to overrun the estimated Rs 2,560 crore by a couple of hundred crores. The expected delay is mainly on account of the delay in the completion of work related to rail connectivity adding that the port facilities will be in place before April.

The essence of trans loading operation is large vessels with full load will call at Dhamra and discharge the cargo in smaller vessels which will then make for Haldia which cannot handle large vessels due to poor navigability of the Hooghly River or other ports, for a second round of discharge. For customers, this will involve multiple handling and therefore, additional costs.

Dhamra port is being promoted by the Dhamra Port Company, a 50:50 JV between TATA Steel and Larsen & Toubro.

Categories: Shipping Infra
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