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Odisha hopes Posco project will be back on track

November 15, 2014 Leave a comment

The much delayed POSCO project in Odisha is likely to see the light of the day, after the Chief Minister Naveen Pattnaik hoped that the Prime Minister’s assurance would put the project on track.

Prime Minister Modi had assured South Korean President Park Geun-hye at Myanmar that the government would offer full support for the establishment of the mega steel plant proposed by Posco in Odisha.

“With regard to the Posco project, he (Modi) expressed his full support for it and said he would make efforts with the Odisha state government to resolve any outstanding issues,” said a statement issued by the Korean government website Nov 13.

Both the leaders met at the Korea-India summit, organised on the sidelines of the ASEAN Summit, held at Nay Pyi Taw, Myanmar.

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Categories: Metallurgy Tags: ,

Chhatrapur titanium project clears legal hurdles

July 8, 2013 Leave a comment

The Department of law, Government of Odisha has cleared Saraf Agencies Pvt Ltd’s (SAPL) much delayed titanium project at Chhatrapur in Ganjam district of Odisha. Saraf Agencies is planning to set up the project.

Phase-I of Kalinganagar project to commission by 2014

November 28, 2012 Leave a comment

Tata's Kalinganagar ProjectTata Steel is likely to commission phase I of Kalinganagar project by August 2014. The company is setting up a six million tpa greenfield steel project in Odisha. The phase I of the project with three million tpa capacity will entail an investment of around Rs 25,000 crore.

In addition to this, Tata Steel also plans to introduce two more new industrial park projects at Gopalpur, first is bar mill and the second one is ferroalloys plant. Tata steel will invest Rs 1,000 crore on both the projects. The ferroalloys plant will have capacity of 50,000 tonne per annum with an investment of around Rs 200 to 250 crore whereas the bar mills project will require an investment of around Rs 750 to Rs 800 crore. However, the company seeks coastal regulatory zone nod for both the projects.

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.

NALCO gets nod for new smelter facility

September 20, 2012 3 comments

NALCO has received the approval from Odisha’s High Level Clearance Authority for setting up a smelter unit in the state.

The company will set up a 0.5 million tpa aluminium smelter and 1,260 MW captive power plant at Kepse in Sundergarh district. The facility will come up with an investment of Rs 16,345.89 crore over 2,500 acre. The smelter project needs 50 cusecs of water which will be drawn from the Hirakud reservoir. The company is in process of applying for a coal block to Coal ministry for the smelter project.

Hindalco achieves financial closure for Odisha project

September 18, 2012 1 comment

Hindalco Industries has tied up funds for its Aditya Aluminium smelter project at Lapanga in Odisha.

The company has tied up Rs 9,896 crore debt through a consortium of 28 banks and financial institutions. The 13,195-crore project is being funded in a debt-equity ratio of 75:25. The company will set up a 3.59 lakh tpa aluminium smelter along with a 900-MW captive power plant at Lapanga. The equity part for the project has already been financed by internal accruals and QIP (qualified institutional placement) issuance of $600 million (approx Rs 3,300 crore) made in November 2009.

Also, the company is setting up an alumina refinery with integrated bauxite mines at Koraput in Orissa, which is expected to be completed by 2014.

Midal to set up aluminium conductor unit at Angul

August 2, 2012 Leave a comment

Midal Cables is likely to set up an aluminium conductor and rod manufacturing unit in Orissa with an investment of Rs 250-Rs 300 crore.

The new unit will come up at the aluminium downstream and ancillary products park at Angul to be developed jointly by Orissa’s nodal land acquisition agency – Industrial Infrastructure Development Corporation of Orissa (IDCO) and National Aluminium Company (NALCO). Midal has sought 30-40 acre within this park.

The aluminium park is to be set up as a 50:50 JV between IDCO and NALCO on 204 acre close to NALCO’s smelting facility at a cost of Rs 75 crore. A SPV called Angul Aluminium Park (AAPPL) was formed by IDCO and NALCO for the purpose. Midal had submitted the proposal in response to the EoI of AAPPL. As many as 53 proposals were received in response to the EoI.

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

Single Window Clearance Authority clears projects in Orissa

February 10, 2012 Leave a comment

The State Level Single Window Clearance Authority (SLSWCA) of Orissa has approved a park project and steel equipment facility in the state.

The authority approved setting up of a logistics park at Kalinga Nagar steel hub proposed by Container Corporation of India (CONCOR) over 30 acre at an investment of Rs 70 crore. The project is expected to be commissioned within three years of acquisition of land. The facilities at the proposed park include two full length railway lines, paved surface for handling containers, warehousing for domestic and export cargo, bulk and break-bulk facility, modern container and bulk handling equipment.

Further the authority gave a go-ahead to SMS India for setting up a steel equipment manufacturing facility at Khurda over 15-20 acre at a cost of Rs 174 crore.

Jindal Steel & Power commissions plate mill in Orissa

December 25, 2011 Leave a comment

Jindal Steel & Power (JSPL) has commissioned the plate mill of its proposed six million tpa steel mill at Angul in Orissa.

The plate mill of six mtrs width has an annual capacity of 1.5 million tonne. Also, JSPL has completed construction of two units of its 1,000 MW power plant proposed to be set up at the same location. Currently, work is underway on coal gasification, DRI, oxygen plant and coal washery unit.

Categories: Metallurgy

Tata Steel plans ferroalloys plant, bar mill at Gopalpur

August 19, 2010 2 comments

Tata Steel proposes to set up a ferroalloys plant and a bar mill in the Gopalpur SEZ coming up in Orissa.

The company is likely to utilise 3,200 acre of land of the Gopalpur SEZ and proposes to set up a 50,000 tpa ferroalloys plant (costing About Rs 250 crore) and 40,000 tpa bar mill (Rs 750 crore) there. The projects are estimated to cost about Rs 1,000 crore.

Naveen Patnaik, Chief Minister of Orissa, is likely to lay the foundation stone of the projects on 20 August 2010.

Categories: Metallurgy

Siemens bags SAIL order

August 17, 2010 Leave a comment

Siemens VAI Metals Technologies has bagged an order from SAIL for its Rourkela Steel plant in Orissa.

The order worth Euro 10 million (approx Rs 60 crore) is for supply of a RH vacuum degassing plant to the Rourkela Steel plant. The new plant is likely to allow high-quality steel grades up to cold-rolled non-oriented types to be produced. The plant is slated to go on stream in June 2012.

Under the agreement, Siemens will design, configure, construct, as well as supervise installation of the RH plant and the associated auxiliary installations.

Categories: Metallurgy
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