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Himadri Chemicals’ distillation unit to go on stream in 2014

October 3, 2012 Leave a comment

Himadri Chemicals and Industries is likely to commission the Phase I of its coal-tar distillation plant in Odisha by March 2014.

The company has identified 80 acre for the project. The plant will have a capacity of 3,00,000 tonne. Coal-tar pitch, a residue available from coke-oven batteries in steel plants, is the key raw material used to manufacture aluminium and graphite. Construction work on the project is expected to commence in 2013. Currently, it is awaiting necessary clearances for the project.

The project investment is pegged at Rs 525 crore. However, the Phase I is estimated to cost Rs 290 crore. The Phase I will have 1,50,000 tonne capacity of coal-tar pitch while the Phase II will have similar capacity. The Phase II is likely to be commissioned in March 2016.

Odisha to expedite land acquisition for Astaranga port

October 3, 2012 Leave a comment

The Odisha Government is likely to fasttrack land acquisition process for Astaranga minor port in the state.

The project requires 3,900 acre, including 1,464 acre of government land and 2,436 acre private land. However, the land acquisition process has been on hold due to various issues such as opposition by locals, lack of environment clearance and non-compliance of land acquisition norms. So far, the state government has acquired 2,400 acre and needs to buy rest 1,500 acre to enable the private company to start construction.

Navayuga Engineering Company (NECL) is the developer for the minor port, which will be built with total investment of more than Rs 6,500 crore. The initial capacity of the port will be 25 million tpa which will be eventually enhanced further to 70 million tpa.

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