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Odisha draws INR 12750 crore investment proposals
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Sunday, 02 Dec 2012
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Business Standard reported that Odisha has attracted investment proposals worth INR 12,750.48 crore during April to November period of this fiscal. The investments have poured in from diverse sectors ranging from steel to cement and power to food processing.

In the steel sector, Jindal Steel & Power Ltd has proposed a pellet plant at Deojhar, Barbil in Keonjhar district at a cost of INR 985.29 crore. Essel Mining & Industries Ltd, an Aditya Birla Group firm with a significant presence in merchant mining in Odisha, intends to set up a 1.2 million tonne per annum pellet plant at Nuagaon in Sundergarh district at an investment of INR 379.68 crore.

Proposals for establishment of pellet plants have also come from 2 more developers Rourkela based Altrade Iron & Power Ltd and SGS Metalics Pvt Ltd. While Altrade Iron & Power Ltd has proposed a pellet plant at Baliapur involving an investment of INR 630 crore, SGS Metalics aims to set up a 700 tonne per day sponge iron plant, 2000 tonne per annum pellet and beneficiation plant and 32 MW captive power plant at Tapanga and Douli Muhan in Khurda district at a combined cost of INR 438 crore.

On a smaller scale, Richbirds Drinking Water Pvt Ltd has proposed a steel fabrication unit at Panposh in Sundergarh district at an investment of INR 53 crore.

In the power sector, Mahanadi Basin Power Ltd, a special purpose vehicle formed by Mahanadi Coalfields Ltd wants to put up a 1600 MW pit head power plant based on super critical technologies at a cost of INR 8,000 crore. The power project has been proposed at Sardega in Sundergarh district.

Kolkata based Pro Minerals Pvt Ltd has proposed a 20 MW CPP at Jhumpur in Keonjhar district at a cost of INR 110.49 crore.

Among investors in cement sector, Sahara India Power Corporation Ltd has evinced interest to establish a 3 million tonne per annum cement grinding plant at Titlagarh, the site of its power project in Bolangir district. The project will cost INR 400 crore.

Similarly, Hyderabad based Bhavya Cements Ltd has proposed to set up a 3 million tonne per annum cement grinding unit at Meramundali in Dhenkanal district at an investment of INR 365 crore. Emami Cement has also proposed a cement grinding unit and 10 MW CPP at Athgarh in Cuttack district at a cost of INR 401 crore.

Aluminium sector has seen a couple of investment proposals. Bahrain based Midal Cables Ltd has submitted a proposal to set up an aluminium conductor and rod manufacturing unit at Angul at an investment of INR 257.79 crore. The overseas investor is keen to set up this facility at the aluminium downstream and ancillary products park at Angul to be developed jointly by the state's nodal land acquisition agency Industrial Infrastructure Development Corporation of Odisha and navratna firm National Alunminium Company (Nalco).

Metal Powder Company Ltd, a leading manufacturer of non ferrous metal powders based in Madurai is keen to set up an aluminium powder manufacturing unit also at the aluminium park at Angul at an investment of INR 330.90 crore.

Source - Business Standard

(www.steelguru.com)

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