The Rs 2,000-crore titanium plant to be established jointly by the Russian Federation and Kolkata-based Saraf Group at Chatrapur in Ganjam district would lay the base for development of the Special Economic Zone (SEZ).
The SEZ spanning over 600 acres would house beach sand mineral-based industries.
It would be spearheaded by the Russian and Indian partners and developed into an industrial hub as the flagship titanium project gets executed, said General Director of Technochim Holdings L N Bobkov here on Tuesday.
Plans are to pump in around 3 billion USD for development of the SEZ and the concept paper would be submitted to the Governments of India and Russia for consideration and approval.
The high-value applications of titanium as raw material would open a floodgate of opportunities for value-addition by downstream industries.
Units in the sectors of casting, titanium metal, magnesium, automotive and machine parts, electronics , computers and other manufacturing sectors, etc., can come up. The SEZ would also be open to other private players, the developers have said.
… the state government signing three fresh MoUs for setting up units, taking the total proposed capacity of output to 75.66 mtpa, involving a total investment of nearly Rs 2,00,000 crore, official sources said.
With this, the number of MoUs for establishment of steel units touched 49, including 11 for mega projects. Besides MoUs with the largest steel maker in the world Arcelor-Mittal and South Korean gaint Posco, the government had signed agreements with domestic firms such as Jindal, Tata Steel and others for mega projects.
All the MoUs were signed during the last six years, they said, adding 26 steel projects had already become partially operational while the mega ones were facing land acquisition problem.
The production capacity so far achieved by these companies was 3.96 mtpa in sponge iron, 0.45 mtpa of pig iron and 3.32 mtpa of steel, besides 308 mw captive power plant.
said the three companies would produce one million tonne of steel per annum.
The companies which signed MoUs are Pradhan Steel and Power Private Limited, Atha Mines Private Limited and Tecton Ispat Private Limited.
While Pradhan Steel proposes to set up a 0.50 mtpa steel plant in over 460 acre land with an investment of Rs 606 crore at Dhurusia in Cuttack district, Atha Mines would set up a 0.25 mtpa capacity unit at an investment of Rs 291.60 crore at Tarkabeda in Dhenkanal district. Tecton Ispat would set up a 0.25 mtpa steel unit over 150 acre of land at an investment of Rs 227.13 crore at Tarkebeda in Dhenkanal district.
The meeting …accepted two out of the eight project proposals.
The meeting decided that the state government would seek necessary environmental clearance from the Indian Bureau of Mines (IBM) before giving the nod to any proposal for new thermal plants in the Angul-Talcher belt.
Briefing newsmen after the meeting, industry secretary Ashok Dalwai said that state government had asked the IBM to make a detailed study on the environmental sustainability of the Angul-Talcher areas.
He said that the meeting, while discussing about the setting up of a number of thermal plants in the state also took note of the searing heat in this industrial belt during summer.
The Committee gave its nod to Jindal Photo Ltd’s proposal to enhance its power production capacity from 1,000 MT to 1,200 MT in its proposed plant at Angul.
The SLSWCC also approved the Well Spun Power and Steel Ltd’s proposal to set up its ore beneficiation and pelletisation plant at Dhamra.
The company aims to produce ductile iron and spiral iron from this plant, for which Rs 1,830 crore would be invested.
The company has asked the state government to arrange 2,000 acres of land.
The state government will scrutinise the land requirement proposal. The company had earlier inked an MoU with the state government to set up a 3-MT plant at Angul.
Gopalpur, with its grand views of sunrise over the Bay of Bengal, is the final destination of the week my wife Clare and I are spending in Orissa, one of India’s least-visited states. It rises to densely forested hills from coastal paddy fields fringed with palm trees and ponds of hyacinths. It feels remote, but has good transport connections with Calcutta and Madras and would suit visitors ready to move on from the Indian “starter pack” of Kerala and the Delhi-Agra-Jaipur Golden Triangle.
Its fame rests on its temples. As our train from Calcutta pulls in at Bhubaneswar, the state capital, I read that the city has about 500 of them. This is not necessarily good news. Over 15 Indian trips, many long afternoons of padding across warm temple floors have left me “templed out”. So what a pleasant surprise Bhubaneswar’s temples will turn out to be.
The city, with its broad avenues and plush hotels – notably the elegant Trident Hilton – has little of the hustle and bustle of a state capital. Its parks, gardens and languid cyclists give it the easygoing charm of small-town India.
Swosti Travels,…, recently introduced jungle safaris at Bhitarkanika and Simlipal sanctuaries in Orissa. According to S Patnaik, General Manager, Swosti Group, the seven-day-package includes stay at diverse locations, interaction with local artisans, forest explorations, animal rides, etc.
"We have roped in private players running eco camps, forest cottages and cruise liners for the project, as we wanted it to be on par with its international counterparts. To begin with, we had to get the requisite clearance from the forest and the tourism departments of the state in terms of the safety and security measures," said Patnaik, as he went on to add that the packages were already being promoted at international fairs and festivals.
Bhitarkanika is the second largest mangrove ecosystem in India, whereas the Simlipal National Park boasts of several scenic spots such as Barehipani and Joranda waterfalls.
BIG 92.7 FM, India’s No.1 Radio station today announced the latest edition to its kitty, with the launch of its Station in Rourkella. The launch of BIG 92.7 FM in the City marks the launch of the 43rd Station of the network. …
In Rourkela, BIG RJ’s Rajiv, Priyanka, Sneha and Shaheen will be entertaining the steel city of Orissa.
The joyride will start at 5am with Aradhana followed by Breakfast show BIG Chai 6am -9 am. Other shows include Hello Zindagi, Ring Road 927, Thoda Gyan Thodi Masti, Evening Masala and Direct Dil Se.
To ensure the highest aspirational appeal and connect with its listeners, BIG 92.7 FM has Abhishek Bachchan as the Brand Ambassador.
Commenting on the station’s entry into Rourkela, Mr. Soumen Ghosh Choudhury, Regional Head East, BIG 92.7 FM, said “We are very excited about launching in the city of Rourkela. We are the first private radio station in the region to do so. The programming mix of the Station with programmes like Aradhana, BIG Chai, Hello Zindagi, Ring Road 927, Thoda Gyan Thodi Masti, Evening Masala and Direct Dil Se have been put together after much research and understanding of local requirements. It is our aim to create content that is relevant, credible and has an aspirational value for the listeners. We are completely geared and are eagerly looking forward to entertaining the city of Rourkela. We are sure the city will welcome us with open arms and will enjoy the programmes on our Station.”
Ferro Alloys Corporation Limited (FACOR), one of India’s largest producers and exporters of ferro alloys, is going to expand its integrated plant at a cost of Rs 2,700 cr in Orissa.
The company has initiated an ambitious expansion plan of setting up two power plants and a Stainless Steel Plant (SSP) in Orissa for which a consultancy has also been appointed.
The FACOR group is planning to set up the power plant for its own consumption. A 45 MW coal-based captive power plant is to be set up for Bhadrak near Randia of Orissa at a cost of Rs 180 crore.
The power plant work is scheduled to be completed by 2009 for which the FACOR group has inked a financial tie-up with Rural Electrical Corporation, New Delhi.
Another 250 MW coal-based power plant and a five lakh tpa SSP are also being planned to be set up to the tune of Rs 2,500 crore at Orissa. The expansion works will be completed by 2011.
… According to Ashim, for the Rs 2,500 crore 250 MW power plant and SSP, Rs 1,700 crore would be the debt component while Rs 400 crore would come from internal sources and another Rs 400 crore raised from a partner.
“We are looking for a strategic business partner either in the form of investment or through technological support,” he said.
Following is an excerpt from a report in Pioneer on this.
The Puri railway station would be expanded and the platforms would be laid afresh to facilitate easy access to passengers to board the train. This apart the Puri Railway Station washing lines would also be developed and the station would be given a new look with an estimated cost of over Rs 100 15 crore and the station would be designed in the lines of the Jagannath Temple, he said.
The incomplete Puri-Khurdha road double tracking would be completed soon, he said. The Ministry was ready to allocate 50 per cent of the total cost of the new tracks to Konark if the State agrees to bear the rest, the Minister informed.
Non-ferrous metals giant Vedanta Resources is planning to enter the Indian steel sector with a 5 million tonne plant at an investment of about Rs 24,000 crore in Keonjhar district of Orissa and envisaging its commissioning by 2012-13.
"We are impressed at the growing consumption of steel in India and are keen to enter its steel sector. We are planning to build a 5 million tonne steel plant at Keonjhar district of Orissa. If we find a suitable partner, we should be able to commission it by 2012-13 at an investment of about Rs 24,000 crore," company sources said.
Vedanta Resources is planning to make an initial public offer (IPO) to raise $1 billion for Sterlite Energy, a subsidiary of its group company and Indian non-ferrous metals producer Sterlite Industries (India) Ltd.
"We are planning for a $1-billion IPO for Sterlite Energy in the next few months," Vedanta Resources Chairman Anil Agarwal told reporters here Wednesday.
… Agarwal said the London Stock Exchange-listed Vedanta Resources is also considering options to sell shares via a pre-IPO placement.
He added that the company plans to participate in coal-based power generation projects through the subsidiary, Sterlite Energy Ltd.
"We are looking at 10,000 MW commercial power generation by 2012," he said. The power plants are likely to be set up in Orissa and Jharkhand, he said.
Following is an excerpt from a report in itvarnews.net.
Acer, one of the world’s top 3 branded PC vendors, has opened its exclusive brand store, the Acer Mall, in Bhubaneswar. Targous Technology, Acer’s retail partner, showcases the entire range of Acer Desktops, Notebooks and Display products, which would include the Aspire series of consumer PCs, the Travel Mate and Aspire notebook series and also the Acer range of Monitors and Projectors.
… The Acer Mall is located before Ravi Talkies Square near Indian Oil petrol pump has a catchment area of 450 sq feet. The mall has an “Acer Lifestyle Products Experience Zone”, which helps customers in choosing the right product for their requirements by having a hands-on experience with the product.
The State Tourism Department has prepared a comprehensive plan for boosting the 480 km-long vast coastline of Orissa to increase tourist flow.
Talking to this website’s newspaper, Tourism Minister, Debi Prasad Mishra said, “Nearly Rs 100 crore will be spent on tourism sector in 2008 and the main focus will be on beach tourism. Besides the budgetary support, we would also develop some pristine beaches in the State with the help of aid agencies. Infrastructure development will also be made through public-private-partnership.”
In the preliminary stage, nearly 3,000 acres patch named as “Samuka peninsula” between Puri and Satapada will be developed as a tourist resort of international standards.
“With a six-km-long sea frontage, the Samuka peninsula would be designed on the lines of different peninsulas in the world. It would be dotted with the waterfront restaurants and cafes which will be set in beautifully landscaped gardens,” Mishra said.
He added that deals with the aid agency has reached final stage and the work would probably start from April. Initially, 1,000 acres with a two-km-long frontage will be developed.
This apart, plans for erection of tourist resorts on 200 acres between Chandipur and Balaramgadi fishing harbour in Balasore, 40-km-long beach in south Orissa along with Tampara lake complex near Rushikulya mouth, 80-km-long beach between Dhamra to Paradip and beaches in Balasore and Bhadrak districts have been put forth.
…
Announcing a clear-cut plan for Balasore district, Mishra said Rs 12 crore will be spent for Balasore. “Around Rs 3 crore would be spent for beautifying Chandipur sea beach and developing accommodation facilities for the tourists. The rest would be for eight other major tourist spots in the district including Talasari- Udaypur beach, Panchalingeswar and Khirachora Gopinath at Remuna,” he added.
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