Archive for August 3, 2010

Orissa allots land for food park at Malipada

August 3, 2010 Leave a comment

The Orissa Government has allotted 110 acre to 55 industrial units for the proposed food processing park project at Malipada in Khurda district.

The park will be developed on 162 acre. The state government will invest Rs 9.9 crore on infrastructure for the food park and out of this Rs 1.91 crore has already been deposited with the Industrial Infrastructure Development Corporation of Orissa.

Besides, the state also plans to set up a mega food park in Khurda and the proposal is under the consideration by the Union Government. The project is to come up on 200 acre. Tenders for this project are likely to be invited soon.

Categories: Real Estate

Utkal Alumina plans refinery in Orissa

August 3, 2010 Leave a comment

Utkal Alumina International, a wholly-owned subsidiary of Hindalco Industries, proposes to set up a 1.5 million tpa alumina refinery in Rayagada district of Orissa. The project is expandable to three million tpa at relatively lower incremental capital cost.

The project will feed the alumina requirements of the Mahan and the Aditya smelters presently under construction.

Hindalco has achieved the financial closure of Utkal with the signing of a common loan agreement of Rs 4,906 crore on 28 July 2010. This constitutes the entire debt requirement of the project. The loan documents were signed by a group of 28 banks. The syndication was led by IDBI Bank with SBI Capital and The Royal Bank of Scotland NV as joint arrangers and book runners.

Categories: Metallurgy
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