Archive for July, 2012

OMC to supply iron ore to Adhunik Metaliks

July 31, 2012 Leave a comment

Orissa Mining Corporation (OMC) has signed long-term sales agreements with Adhunik Metaliks and Rexon Strips to supply iron ore for next five years from its Kurmitar Pahar mines in Khandadhar area in Koira mining circle of Sundergarh district.

These companies will get one million tonne iron ore every year for a period of five year from Kurmitar mine (Khandadhar). Adhunik Metaliks and Rexon Strips have agreed to develop a conveyor belt system in the area to augment iron ore evacuation from the mine, which is spread over 1,212 ha and estimated to have over 60 million tonne iron ore deposits. These companies will invest between Rs 100 to Rs 150 crore on their own in setting up the conveyor belt in lieu of our commitment to supply them iron ore continuously for five years at prevailing market rates.

Orissa to develop Health City

July 26, 2012 Leave a comment

The Orissa Government intends to develop an integrated health city in the state. The proposed health city will be built on the outskirts of Orissa on 150-200 acre. Industrial Infrastructure Development Corporation of Orissa (IDCO) has prepared the concept note for the project. It will have various components including super speciality hospital, medical college, residential zones, high-end diagnostic centre and common infrastructure facilities.

Categories: Healthcare Tags: , ,

OMDC receives MoEF clearances

July 26, 2012 Leave a comment

Orissa Minerals Development Company has received environment clearance from the MoEF vide letter dated 23 July 2012 (issued on July 24, 2012) for production of 3 million tpa of iron ore and 0.24 million tpa of Manganese Ore (ROM) for its KoIha-Roida Iron and manganese mines (254.952 ha).

Kesoram Industries to go slow on car tyre project

July 13, 2012 Leave a comment

Kesoram Industries has decided to delay a new tyre manufacturing project in Orissa citing slowdown in the automobile industry where several auto makers have even resorted to stopping production to prevent piling up of inventory.

The company was to commission its 80 tpd car radial tyre project at Balasore by March 2013. The project cost was estimated at Rs 400 crore. However, the company now reassess the project from the market perspective and also from the point of view of its ability to fund the project in a realistic manner.
Categories: Rubber Products

Ministry of Environments approves Essar’s Paradip Coal Berth

July 13, 2012 1 comment

The MoEF has accorded approval for the All Weather Deep Draft Coal Berth at Paradip port (Orissa) that has been awarded to Essar Ports.

The coal berth project was awarded to Essar on BOT basis on a 30 year concession. Now, the company has received formal intimation from the Paradip Port Trust to commence mobilization towards construction activities. The company will build a mechanised berth of 370 mtrs length. This would give the facility an effective handling capability of 14 to 18 million tpa. This project is a part of Paradip Port Trust’s plans towards mechanisation of coal imports.

Public Works Department, Orissa invites bids

July 13, 2012 Leave a comment

Public Works Department, Orissa has invited bids from potential companies for widening of roads in the state.

The bids have been invited for the construction of two lane road from Tatkaposi to Deogarh from km 0.00 to km 45.10 including Gohira bridge and Patna bye pass from km 78.065 to km 82.65 of Dhenkikote-Saharapada road (SH-49) in Keonjhar & Deoghar district under Vijayawada-Ranchi Corridor in the state of Orissa. The Rs 115.56 crore project will be completed within 36 months. Last date for the submission of bids is 14 August 2012.
Categories: Roadways

Hindalco Industries to raise funds for greenfield project in Orissa

July 3, 2012 Leave a comment

Hindalco Industries is planning  to raise funds for its greenfield project in Orissa.

The company plans to raise about Rs 9,000 crore for the project. Earlier, Hindalco was planning to build a 0.36 million tonne aluminium smelter along with a 1 million tonne alumina refinery. But, the revised plan includes a 0.72-million tonne smelter which is to be completed in phases. The company has already applied to the state government for approval. The funds will be raised either through bank term borrowing or any other instrument.

Categories: Metallurgy
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