HLCA approves nine projects in Odisha

The high level clearance authority (HLCA) of Odisha headed by CM Naveen Patnaik has approved nine industrial projects to the tune of Rs 1.53 lakh crore in the state. The projects are span across different verticals that would generate employment for over 27,000 people in the state. The nine projects involve… read more…

JSPL acquires Monnet Power

Naveen Jindal-led Jindal Steel & Power (JSPL) has acquired Monnet Power Company for Rs 410 crore through the corporate insolvency resolution process (CIRP). Read more…

L&T arm bags order from ArcelorMittal Nippon JV

L&T Construction’s Minerals & Metals (M&M) arm, bags multiple orders from ArcelorMittal Nippon Steel India. The first order awarded for the installation of two blast furnaces with 3.5 MTPA each on an EPC basis at their Hazira plant in Gujarat. The Second order is for setting up a 6 MTPA capacity ore beneficiation plant in Sagasahi, Odisha. read more…

Tata Steel arm commences operation at NINL

Tata Steel Long Products (TSLP), a Tata Steel subsidiary, has commenced operations at its subsidiary Neelachal Ispat Nigam Ltd. (NINL) in Duburi, Jajpur district of Odisha. Read more…

John Cockerill India bags order from Jindal Steel Odisha

John Cockerill India has received an order worth Rs 160 crore from Jindal Steel Odisha. The scope of the order involves supply of continuous galvanising line (CGL-2) to be installed at Jindal Steel’s Angul, Odisha works. The contract also includes supply of spares for two years for the said CGL-2.Read more…

Public hearing for Jindal Steel’s Angul Plant held

The public hearing meeting was conducted successfully for Jindal Steel Odisha Limited’s (JSOL) Integrated steel plant at Angul on 28 September 2022…read more…

State Level Single Window Clearance Authority clears eight industrial projects

The Single Window Clearance Authority (SLSWCA) of Odisha Government on 22 November 2021, in-principle approved eight industrial projects worth Rs 1,872.11 crore in the state that will likely generate employment to 3,461 persons. Read for complete news

Odisha State Level Single Window Clearance Authority

 

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Odisha hopes Posco project will be back on track

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.

Chhatrapur titanium project clears legal hurdles

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

Tata 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

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.