September 08, 2008

AP to provide land to Anrak for a new alumina plant

It is reported that Andhra Pradesh government is planning to provide 2,000 acres to the UAE based company Anrak for setting up an aluminium plant entailing INR 9,500 crore investment. Anrak has appointed Mecon Ltd for preparing the feasibility report for the proposed alumina plant.

The proposed plant will be set up in Narsipatnam mandal of Visakhapatnam district where there is plenty of bauxite. The state government has approved the proposal and directed the district joint collector of Visakhapatnam to identify required land and acquire it.

Anrak has signed a MoU with Jindal South West Steel Ltd which is setting up a similar project in the same district. The AP mineral development corporation will supply bauxite to both Jindal and Anrak projects. The mines department of the central government has insisted that the supply of bauxite should reach all companies setting up plants that require raw material. The Jindal South West Steel Ltd project will have a refinery unit of 1.5 million tonnes per annum and a smelter unit of 0.25 million tonnes per annum.

Andhra Pradesh industrial infrastructure corporation Ltd will acquire the land and sell it to Anrak for setting up the plant, ancillary units, and housing colony.