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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.

Categories: Metallurgy Tags: ,

Visa Steel, SunCoke Energy to form JV

November 23, 2012 Leave a comment

VISA Steel and SunCoke Energy, Inc have signed agreements to form a coke-making JV in India.

SunCoke Energy will invest approximately Rs 368 crore to acquire a 49 per cent stake in the JV while VISA Steel will hold the remaining 51 per cent. The JV, which will be unlevered at closing, will be comprised of VISA Steel’s existing 4,00,000 tpa heat recovery coke plant and associated steam generation units at Kalinganagar in Odisha. The transaction is expected to close in the first quarter of 2013, subject to customary conditions, including approval from VISA Steel shareholders.

Bids invited for Kanupur irrigation project in Keonjhar

October 30, 2012 2 comments

The Public Works Department, Odisha has invited bids from potential companies for Kanupur irrigation project in Keonjhar district of Odisha.

River Baitarani
The bids have been invited for construction of Kumarpur main canal from Rd 21600 m to 28610 m including structures except the reach from Rd 31950 m to 32190 m of Kanupur Irrigation Project. The tender is valued at Rs 55 Crore. The last date for the submission of bids is 23 November 2012.

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.

Work commenced on Angul-Budhapal road project

January 6, 2010 1 comment

The strengthening and widening work of the proposed Angul-Chhendipada-Sarpal-Budhapal road in the coal bearing areas of Angul (Orissa) has begun with the first patch of road measuring 8 km (from 15 km to 23 km).

The total cost of the project is estimated at Rs 153.27 crore, which includes Rs 137.75 crore for the construction of 51.05 km of road and construction of a 4.5 km bye-pass at Angul at a cost of Rs 15.51 crore. The project is expected to be completed by December 2010.

Nabarangpur will have a Maize processing complex

January 6, 2010 Leave a comment

LMJ International of Kolkata plans to set up a maize processing complex in Nabarangapur district of Orissa at an investment of around Rs 150 crore.

The company is likely to sign an MoU with the Orissa Government soon. The district administration has agreed to provide 125 acre for the purpose at Dhodra area in the district. While around 60 acre will be allotted in Phase I, the remaining 65 acre is expected to be provided in Phase II.

The maize processing complex is likely to help raise the income level of maize producers in the state through enhanced production as well as better processing and marketing.

JICA to provide loan for Rengali Left Bank Canal

December 20, 2009 Leave a comment

The Japan International Cooperation Agency (JICA) is expected to provide Rs 150 crore additional loan assistance to the Orissa government for completion of the Rengali Left Bank Canal.

JICA has already sanctioned Rs 474 crore for the project. Out of the total length of 141 km, the work on 71 km could be completed with Rs 150-crore assistance from the bank.

The 71 km canal could provide irrigation facilities to 29,000 ha, however, work has been completed only on a portion of it which can irrigate 16,000 ha.

The entire project is expected to irrigate 1,14,000 ha when fully completed.

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