Adani group’s port and industrial zone plan for Jagatsinghpur district
Business Standard, Coal, INVESTMENTS and INVESTMENT PLANS, Jagatsinghpur, Jatadhari port (POSCO), Paradeep port, Paradip - Jatadhari - Kujanga February 18th. 2010, 1:06pmUpdate: Following are excerpts from another report in Business Standard which has some extra information.
The port project called Adani Kalinga Port is to be developed in two phases at a distance of three km from Jatadhari Muhan, the proposed site of Posco India’s captive port in the state’s Jagatsinghpur district.
… The proposed port which would have 12 berths in all will handle coal, iron ore, liquid and containerized cargo.
… Besides the port, the Group plans to invest in other sectors in the state like power plant, edible oils and mining.
Following is an excerpt from a PTI report in Business Standard.
Ahmadabad-based Adani Group is keen on setting up a large port in Orissa coast and developing an industrial zone, including a power plant, at mammoth investment of Rs 98,000 crore.
A company delegation led by its Managing Director Rajesh S Adani met Chief Minister Naveen Patnaik here and made a presentation in this regard.
The company informed the state that it was interested in setting up a 100 million tonne capacity port in Jagatsinghpur district, near Paradip Port and a proposed captive port by Posco.
With an initial investment of Rs 5,000 crore, the company has proposed to start the first phase of the Rs 10,000-crore port project in 2013-14 and complete it by 2015-16.
It also has plans to set up an industrial zone close to its proposed port in Jagatsinghpur an investment of Rs 88,000.
…The company plans to send coal after mining at Talcher area, to Gujarat and Maharashtra from the proposed port.
"The coal will be sent after washing. The washery reject coal will be utilised for the proposed power plant," a company official said. The proposed power plant would be a part of the industrial zone.
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February 18th, 2010 at 2:22 pm
If Orissa Govt is smart it won’t sell it’s coal to anyone.That’s the only way it can get investments to Orissa.Orissa has 3 things going for it.Coal: Abundant supply of energy. Water:Every Industry needs that.Coast:Opportunity to export.It must exploit these.Manufacturing plants must come to orissa, not to other states.Adani’s proposal takes advantage of all 3 (mine coal, wash it and then port it to Gujurat and Maharastra ) except that manufacturing plant comes up somewhere else.Orissa Govt must reject this plan.
February 18th, 2010 at 3:38 pm
I would agree if you were talking about iron ore or bauxite. With respect to coal, beyond what we need for the steel plants, aluminum plants and other metal processing plants, the rest will be used in thermal power plants. I wonder how many thermal power plants in Odisha is reasonable. At some point, we may not want more thermal plants because of the negatives associated with them (pollution, ash ponds, etc.). In regards to water, if they wash it using sea water then its fine. If they want to use fresh water, then I have worries.
Also note that coal blocks are allotted by the center and the state does not have much of a say in it. This is as opposed to iron ores and bauxite.
February 19th, 2010 at 10:47 am
Seriously is the Adani group interested in investing 88000 crores! What is the time period in question 30 years? Journalists/news agencies must do a better job of reporting facts, otherwise these huge numbers will remain huge without any meaning. It is time the Orissa government actually shows some progress on the ground before signing these mega projects. There are so many projects that have been dragging on for years (Posco, Vedanta, ArcelorMittal) but we don’t have much to show for it. It is only a matter of time before some of these industries actually move out to other states are more open to entrepreneurs. But of course, as Mr. Swain above pointed out there are a couple of things going in Orissa’s favour (coal, coastline, water and minerals) that will keep these upstream industries glued for sometime to come.