Update on RSB Metaltech’s projects in Odisha
Aluminium, Aluminum ancilaries, Bauxite, Dhenkanal, Rayagada May 17th. 2010, 11:54amFollowing is from a report in Financial Express.
Work on acquisition of land and obtaining of clearances for the twin-site Rs 9,000 crore RSB Metaltech Ltd’s project involving bauxite mining and setting up an alumina refinery unit at Rayagada and a 0.7 million tonne per annum (mtpa) smelter unit plus a 500 MW power plant to be set up at Kamakshyanagar in Dhenkanal in Orissa, are progressing satisfactorily.
… The company intends to transport processed alumina from its Raigada plant to Kamakshyanagar in railway rakes.
“Work on land acquisition as well as environmental clearance has already started; the Orissa government has given final clearance to 1,520 acres of land for the Raygada project and 1,546 acres for the Kamakshyanagar project”, said RSB Metaltech managing director S K Behera, speaking to FE.
The company had applied to the state government for around 3,000 acres of land for each of the sites.
Initial environmental clearance for the project, as well as clearances from the railways, and for water for the plants from the state government has also been obtained.
… as per the MoU with the Orissa government, RSB Metaltech has entered into a joint venture with Orissa Mining Corporation (OMC) for bauxite mining and an alumina refinery at Rayagada.
Simultaneously, the company is to set up a 0.7 mtpa capacity smelter plant at Kamakshyanagar which would feed aluminium metal to the 50-odd downstream units that are to come up and which would be manufacturing construction products, auto components like cylinder head, cylinder block, gear box, clutch housing, etc.
Both the Kamakshyanagar and Rayagada units which are expected to become fully operational in five years’ time would together be able to give employment to around 12,000 people, said Behera.
“We will like to invite certain companies to use the hot metal (aluminium) available with us, who will immediately process it (the hot metal) to make auto components and other products and thus save on cost”, said the RSB Transmissions managing director, adding that while some of the downstream units would be fully owned by the RSB group, several others including a number of export-oriented units would be on joint venture basis.