Posts Tagged ‘Navayuga Engineering Company’

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.

NECL receives MoU clause waiver for Astaranga port

December 11, 2009 1 comment

The Orissa Government has relaxed a clause in its MoU with the Hyderabad based Navayuga Engineering Company (NECL), enabling NECL to sign concession agreement with it for developing an all weather port at Astaranga in Puri district.

The clause stated that the developer has to obtain all the statutory clearances before signing the concession agreement. However, NECL had pleaded before the state government that it should be allowed to sign the concession agreement without obtaining all the statutory clearances, so as to expedite work on the project.

The company proposes to invest Rs 1,500 crore for the port project in the Phase I, Rs 2,000 crore in Phase II and Rs 2,500 crore in Phase III.

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