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Essar’s iron ore berth project to commission soon

November 6, 2012 Leave a comment

Essar Ports is likely to commission its 16-million tonne iron ore berth at the Paradeep Port in Odisha soon.

The company has completed civil and engineering work. Currently, it is awaiting an official approval to formally commission the facility. The Rs 520-crore iron ore berth project, with an installed capacity of 16 million tpa, has a 75:25 debt equity component.

In 2009, the company was awarded the 30-year concession BOT order from the Paradip Port Trust. The contract involves building a mechanised berth of 370 mtrs length.

Also, it has bagged a contract to develop a 14-million tonne coal berth terminal at the Paradeep Port. In June 2012, it had obtained forests clearances for this project.

Bids invited to set up Plastic Park at Paradeep

November 6, 2012 Leave a comment

The Odisha Industrial Infrastructure Development Corporation (IDCO) has invited EoIs for selection of co-developers to develop a plastic park at Paradip in Jagatsingpur district of Odisha. Last date for the submission of EoIs is 22 November 2012.

IDCO, the nodal agency to implement the project, has received in-principle approval from Central Govt. for development of the project. Land for the project has already been acquired.

The proposed project is located on a parcel of 150 acres in the village Rangiagarh on the outskirts of Paradeep at approximately 2.5 Kms from the IOCL refinery and on the IOCL road.
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Stage-II forest clearance for Posco‚Äôs Orissa plant

January 2, 2010 Leave a comment

Pohang Steel Company (Posco) of South Korea has received the much-awaited Stage II forest diversion clearance from the Ministry of Environment and Forests (MoEF) for its Rs 54,000-crore, 12-million tpa integrated steel project in Orissa.

According to sources, the Ministry permitted diversion of 1,253.225 hectares of forest land for Posco India to set up an integrated steel plant and a captive port. The company requires a total of 5,525 acres, of which 4,004.19 acres is needed for the project site and the balance for the township at Paradeep in Orissa. Of this 4,004.19 acres, 437.66 acres is private land, 607.74 acres is non-forest government land, and 2,958.79 acres is state forest land.

The Centre had granted the Stage I environmental clearance to Posco India in October 2008.

Posco requires around 4,004.19 acres for its project in Jagastsinghpur district of Orissa. Of this, 2,958 acres was marked as village forest and protected forest in state government records. Though the company signed an MoU with the state in June 2005, the latter has not been able to procure any land due to public opposition since much of the area was forest land and needed to be diverted for non-forest use.

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