September 08, 2008

Rohit Ferro to ink MoU for power plant in Orissa

Rohit Ferro Tech Limited is likely to sign a MoU for setting up a 110 MW coal based power unit at Choudwar in Cuttack district of Orissa with an investment of INR 450 crore. Rohit Ferro Tech is expected to apply for the necessary clearances from the state and central governments after signing the MoU.

The project will require around 150 acres of land and development consultant has prepared the detailed project report while land acquisition process is under way. The consultant, machinery suppliers and designer for the project are likely to be finalized by April 2008 and financial closure is expected to be achieved by the end of December 2008.

Mr SS Patnayak VP marketing & project of Rohit Ferro Tech revealed that it also planned to expand the capacity of its ferroalloy unit in Jajpur district of Orissa from 66 MVA to 99 MVA. Work on the INR 200 crore expansion is expected to commence by the end of December 2007.