Archive for June, 2010

NHPC-OHPC JV to set up three hydel projects

June 28, 2010 Leave a comment

The Orissa Hydro Power Corporation (OHPC) and NHPC, which had entered into a JV for setting up 12 hydel power projects in the state, will undertake three hydel projects with a cumulative capacity of 300 MW in Phase I.

The power projects are to come up on Mahanadi river and they included Sindol-I with a capacity of 90 MW at Deogaon; 90 MW Sindol-II at Kapasira in Sonepur district and 120 MW Sindol-III at Godhaneswar, also in Sonepur district.

The proposed JV is to have 30:70 equity and debt component with NHPC holding 51 per cent equity and OHPC the remaining 49 per cent. As per sources, the draft JV proposal sent by NHPC to the Orissa Government has been approved and NHPC is set to sign the MoU with the state government soon.

Emami Group to investment in Orissa

June 17, 2010 Leave a comment

The Emami Group of Companies plans to set up a multi-speciality hospital, expand existing newsprint plant at Balasore and market edible oils in Orissa.

Presently, Emami has a newsprint production capacity of 1,50,000 tpa at the existing plant at Balasore and will invest around Rs 500 crore in adding capacity of 1,30,000 tpa, to be achieved within two years.

Emami is setting up its AMRI Hospital with a bed strength of 700 at present, which is to be raised to 2,000 over the next 18 months. The expansion will involve an investment of Rs 700 crore.

The company is to pump in Rs 1,600 crore on the edible oils business in the next five years out of which Rs 600 crore will be on setting up two new refineries, Rs 70 crore on expansion of the Haldia refinery (West Bengal) and Rs 100 crore on brand building.

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