Projects worth Rs 35,000 crores approved in power and steel sector
High Level Committee, Jindal, L & T, Odisha govt. action, Steel, Thermal January 27th. 2009, 10:54pmFollowing is excerpted from a report in Indopia.
The Orissa government today formally approved investment of about Rs 35,000 crore in the power and steel sectors of the state. The high-level clearance authority (HLCA) chaired by Orissa Chief Minister Naveen Patnaik gave green signals for the investment in five power projects and one steel unit.
… The HLCA approved investment in five proposals in the power sector and one steel project, Garg said adding that altogether the projects would provide direct employment to over 6,000 people.
The projects, which got HLCA nod were – Visaka Thermal Power Limited (1100 MW), Sahara India Private Limited (1,320 MW), L&T (1,680 MW), JSPL (1,320 MW) and Ind-Bharat Limited (700 MW).
The HLCA approved JSPL&aposs another proposal of further investment in its proposed 6mtpa steel mill at Bainda.
JSPL, which had earlier proposed to invest Rs 13,135 crore in its steel project could now invest Rs 22,420 crore.