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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.

Phase II expansion of Gopalpur port to be delayed

December 24, 2009 Leave a comment

The Phase II expansion of the Gopalpur port in Ganjam district is likely to be delayed by a year following the delay in receiving clearances from the Union MoEF.

The expansion entailing an estimated investment of Rs 950 crore, has not got the MoEF nod despite the request made to the ministry by the Orissa Government following the recommendation of the Orissa State Coastal Zone Management Authority.

The delay in the environmental clearance is attributed to the protests from the wildlife activists and environmentalists who fear that the port expansion will impact the Olive Ridley turtles which congregate every year at the Rushikulya river mouth, about 40 km from the port.

The Phase II expansion aims to raise the port’s capacity to 20 million tpa and was scheduled to be commissioned in 2011. A consortium of banks led by the State Bank of India, with others like Punjab National Bank, Bank of India, and Allahabad Bank is likely to fund the expansion.

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