___________

Following is an excerpt from a report in Pragativadi.

The Supreme Court on Friday cleared the decks for Anil Agarwal promoted Vedanta Resources to mine bauxite from the ecologically fragile Niyamgiri hills for its proposed Rs 4,000-crore alumina project at Lanjigarh in Kalahandi district.

Vedanta had sought clearance for diversion of 660.749 hectare of forest land for mining purposes to feed its alumina plant.

The special forest bench comprising Chief Justice K G Balakrishnan, Justices Arijit Pasayat and SH Kapadia allowed Sterlite to go ahead with bauxite mining.

The application of Vedanta is allowed, the Supreme Court bench said in a statement. 

However, it asked the ministry of environment and forest to proceed in accordance with law.

… Vedanta wants to dig open-cast mines in the Niyamgiri hills located in Kalahandi district near its project area. 

Vedanta promoted Sterlite Industries had sought clearance for diversion of 660.749 hectares of forest land for mining purposes to provide required raw material for its plant.

Following is an excerpt from a report in Pragativadi.

The Supreme Court on Friday permitted South Korean steel major Posco to set up Rs 51,000-crore mega steel plant and captive minor port at Paradip in Jagatsinghpur district.

A special environmental bench headed by Chief Justice K G Balakrishnan allowed Posco India Pvt Ltd, a subsidiary of South Korea-based Posco, to go ahead with its plans.

With this order, the apex court has also cleared forest diversion proposal for the plant site which require 1253.225 hectares of forest land.

The court, while directing the Orissa government to dispose of all the Posco’s applications seeking prospecting licences within four weeks, also asked the state government to send its recommendations to the ministry of environment and forests that would proceed in accordance with law.

The bench also asked the state government to undertake implementation of compensatory afforestation plan under the supervision of a Supreme Court-appointed committee comprising top officials of the state government.

… Posco counsel Mukul Rohtagi contended that the state government-owned Orissa Mining Corporation had agreed to supply uninterrupted iron ore and other minerals for its steel project and had identified mines in the western part of the state, some 300 km away from its project site.

… The company can source raw materials on its own and can buy the same from the open market, he said, adding that the company is not dependent on prospecting licence.

Following is from a report in hospitalitybizindia.

Eleven hospitality majors like the Indian Hotels Company, ITC Welcomgroup, Dubai-based Emaar MGF, DLF, IHHR Hospitality, Apeejay Surrendra Park Hotels, Goa-based VM Salgaonkar Bros Pvt Ltd, Unitech, Delhi-based Zoom Developers, Kolkata-based Shristi Infrastructure Development Corporation and Mumbai-based Subha Hospitality have been selected by the Tourism Department of Orissa to convert Samukha Beach, the long virgin beach situated near the Konark Temple, into the biggest beach city of India.

The project was planned to be completed in two phases on a public private partnership (PPP) format in October 2007. The beach city will house five-star properties, golf courses, convention centres, handicrafts centres, art centres and conventions halls. It will also include special varieties of housing estates, social housings, condominiums, budget hotels and villas.

The Tourism Department inaugurated the commencement of the awaited hop-on and hop-off bus services, recently. Sasank Rath, Officer on Special Duty, Orissa Tourism said that the work for sizing of the lands is currently going on, while lands will be disbursed by the end of August 2008. The Tourism Department plans to invest Rs 2000-3000 Crore to build the whole project. The State Government will invest Rs100 Crore for infrastructure development. Work on the project is expected to start in August 2008 and it will take another 42 months for it to be completed.

 

Following is from a report in steelguru.

TATA Power Company & Indian Oil Corporation have decided to float a new company for jointly developing a 1,000 MW coal based power project at Paradip in Orissa. The shareholding pattern of the JV would be 74-26 for TPC and IOC, respectively.

As per report, the proposed project is essentially being set up as a captive project to meet the power requirements of IOC’s 15 million tonnes per annum integrated refinery cum petrochemicals complex at Paradip. The plant may also supply power to the proposed steel plant of the TATA group in Orissa as also other industries in and around the Paradip complex.

Under the JV agreement, Indian Oil is committed to source at least 51% power and the surplus generation can be traded by the JV company. The authorized share capital of JVC will be INR.1,200 crore and the capital will be increased to meet the requirement of further investment as and when called for.

Based on a feasibility study carried out by TPC & IOC the tariff for power supply to the Paradip complex has been estimated on annual levelised basis for 25 years operation at INR 2.46 per unit. The levelised power tariff on similar basis for captive generation within Paradip complex has also been assessed jointly with Foster Wheeler which indicates a significantly higher value of over INR 5 per unit.

Following is an excerpt from a report in Business Standard.

The State Level Single Window Clearance Authority (SLSWCA) of the Orissa government, headed by Chief Secretary, Ajit Kumar Tripathy, today approved projects worth Rs 42,911crore mainly pertaining to the aluminium sector. It includes the Rs 16,345 crore investment proposal of the National Aluminium Company Ltd (Nalco), Rs 19,668 crore proposal of L&T-Dubal, Rs 6800 crore proposal of RSB Metaltech and Rs 98 crore investment proposal of Kanpur based Bajaj Steels and Industries Ltd.

Following is an excerpt from a report in Tathya.in.

New York based NGTech, a versatile group of IT professionals who offer wide array of consulting services, promoted by Dr.Namita Deo, Dr.Ramachandra Deo and Ms.Mymoona Shereen will invest in IT and Biotechnology sector.

NGTI Private Limited will install facilities like IT Development and Outsourcing Project Services, chemical & Biotech Research & Development, Medicianal Green House, Bioinformatics, IT& Biotech Training and Medical Research Centre, said sources.

According to the application presented to the Government of Orissa, the group will fund major part of the project from own sources.

While promoter’s contribution will be Rs.948 crore, loan from financial institutions will be Rs.240 crore and the company expects Rs.12 crore as subsidy from the Government.

NGTI has identified a patch of 100 acres of land at Deras, on the outskirts of Bhubaneswar.

The group proposes to acquire land through IDCO for setting up the facilities.

There is huge potential for employment as these facilities will be requiring 25,000 man power.

Annually Rs.103 crore of revenue will be generated on account of VAT, other taxes and duties assuming cent per cent capacity utilization, said the sources.

Following is from Samaja.

Following is from Sambada.

Following is an excerpt from a report in Pioneer.

Investment proposals worth Rs 1,825.61 crore were cleared by State-level Single Window Clearance Authority (SLSWCA) here on Saturday.

The SLSWCA meeting, chaired by Chief Secretary Ajit Kumar Tripathy, gave its nod to the Rs 900-crore investment project of Oceanic Shipyard Limited (OSL) along with two cold rolling mills with an investment of Rs 925.61 crore.

… IPICOL managing director Ashok Kumar Meena told the media that OSL, a subsidiary of Bengal Shipyard Limited (BSL), has proposed to set up an oil rig, offshore structure and a support vessels manufacturing and repairing unit at Dhamra in Bhadrak district with an investment of Rs 900 crore. BSL, a joint venture of Apeejay Shipping Limited and Bharati shipyard Limited, is setting up a shipyard at Dhamra with an investment of Rs 2,400 crore.

Meena said the company had asked for 950 acres of land at Dhamra to set up the facility in a period of 60 months in three phases from the date of allotment of land. The project would generate direct employment opportunity for 7,500 persons. As the net worth of the group is Rs 647 crore in 2006-07, there would be no problem of raising the funds for the greenfield project, added another official.

The proposal of the Bhuvee Profiles & Stainless Limited (BPSL) to set up a 0.790-mtpa hot rolled plates and coil rolling mill with an investment of Rs 492.66 crore at Kuranti in Dhenkanal district was cleared by the Authority, said Meena.

According to him, a sister concern of the BRG Group, BPSL would be the downstream project of the group. The company has asked for 90 acres of land, though the requirement for the project would be 45 to 50 acres, said an official.

Meena said the proposal of Rabirun Vinimay Private Limited (RVPL) to set up a 0.240-mtpa cold rolling mill complex at Kuranti with an investment of Rs 432.95 crore was also okayed.

Following is an excerpt from a report in the Statesman.

Vedanta Aluminium Ltd (VAL) offers the best rehabilitation package in the state, claimed company sources here recently. The company aims to reduce the impact of its activities on the environment, wherever feasible. The majority of the sites are certified by the international environmental management systems standard ISO 14001. This includes the requirement that environmental impacts are identified. There are ongoing programmes for improvement across key impact areas, they said.

Responding to the critics of its bauxite mining project at Kalahandi, Vedanta officials said that all 120 families that were displaced for the project have got pucca houses with round-the-clock electricity and water supply. Besides one youth from each displaced family has been trained and given a job in the refinery, adding that a total of 2,500 local people have found employment in the refinery project till date. “While about 2000 people had got direct employment at the refinery in Lanjigarh, over 2000 others were getting indirect income generating opportunities,” company sources said.

Vedanta has also started the ‘Sasya Silpa Abhijan’ an initiative of vegetable cultivation, run in collaboration with the Asian Institute of Sustainable Development to give a boost to agriculture in the area. “On an area of 550 acres of land, nearly 500 farmers are participating in the project as partners,” said a senior official. “Although we bear the expenses for irrigation through a diesel pump set by us, yet the training and support provided by Vedanta through this programme has helped us a lot,” said Mr Dinanath Pangi, a farmer.

Vedanta also offers various self-employment schemes for residents of the villages nearby and especially for the womenfolk. Women self-help-groups have been started under public-private partnership in collaboration with the district health department on the Swastha Parivar project. In a bid to widen its corporate social responsibility, the Vedanta group has also adopted 400 Anganwadi centres in Kalahandi district and will look after more than 40,000 children in some of the state’s most backward areas.

“Vedanta has signed an MoU with the state government and the Sterlite Foundation for the adoptions,” said Vedanta group spokesman Mr CV Krishnan. “As a part of the arrangement, every pre-school child aged between three and six years will be provided a cooked meal of 300 calories at noon. The company will also look after the health of the children through regular check ups and medicines,” he added.

He further said that the company is also undertaking the beautification of the Anganwadis by erecting green boundaries, whitewashing buildings and providing see-saws and slides for the children. Furthermore incentives are being provided to Anganwadi workers. While Anganwadi workers receive Rs 250 per month, each helper is given Rs 150 extra by the company. “The same exercise will also be replicated in Jharsuguda,” Mr Krishnan said. The total expenditure on child welfare activities in the two districts will be over Rs 15 crore, company officials revealed In order to ensure that everything goes as per plan, the process will be reviewed by a committee headed by the district collector, the local MLA and the chairman of panchayat samity, they said.

Mr Krishnan said that Vedanta further aims to improve the electricity network, construct roads and develop better educational and healthcare facilities.

Following is an excerpt from a news report in Financial Express.

The Centre has selected Bhubaneswar as one of the 40 ITIRs planned in the country. It will provide financial assistance for development of infrastructures required for the ITIRs.

The state IT secretary, PK Mahapatra, said the Centre has aksed the state government to prepare the DPR so that fund could be provided for developing the infrastructures of the ITIR.

The detailed project report (DPR) for the Bhubaneswar ITIR will be prepared by IL&FS Infrastructures Ltd in collaboration with the state-owned Industrial Infrastructure Development Corp (IDCO).

The Centre plans to set up the ITIRs in line of the Petroleum, Chemicals & Petrochemicals Investment Region (PCPIRs) in the country to attract investment into the IT sector.

Mahapatra said the government has decided to put in place a new Information & Communication Tehcnologies Policy (ICT) in the state. The last ICT Policy was announced in 2004. The new policy will be formulated after studying the ICT polices of IT-advanced states like Karnataka and Andhra Pradesh, he said.

The chief minister, Naveen Patnaik, on Thursday reviewed the development taking place in the IT sector in the state at a high level meeting. The Infocity-II will come up at Jalna in the outskirt of Bhubaneswar over an area of 500 acres. A sum of Rs 150 crore will be spent for developing the new IT facility.

The government, meanwhile, has asked the IIT Kharagpur, which is preparing the master plan for the greater Bhubaneswar city, to ease the traffic for the Infocity-I. At the meeting it was told that the Software Technology Park (STPI) at Berhampur is going to be functional from the first week of September, 2008. Orissa has two STPIs at Bhubaneswar and Rourkela. Another STIP is coming up at Balasore.

Following is some additional information on this from a report in Telegraph.

In April 2008, the cabinet committee on economic affairs had cleared a policy to set up ITIRs over a minimum area of 40sqkm each. The Centre last month confirmed the identification of Bhubaneswar as one of the sites for the proposed ITIRs, he said.

The ITIRs have been conceptualised as magnets for investment creating employment opportunities and growth in the area. They are expected to reduce the pressure on existing urban centres by enabling growth of new townships and dispersal of industry. The regions would be a combination of IT, ITES and electronics hardware manufacturing units, public utilities, residential area, social infrastructure and administrative services.

Every state government is supposed to ensure provision of physical infrastructure such as power, water, road, transportation, sewerage and effluent treatment facilities, the Centre is supposed to facilitate development of national highways, airport and railway links for ITIRs.

Following is an excerpt from a report in Times of India.

Venezuela’s national oil company PdVSA is in talks with IndianOil Corporation for taking up to 49% stake in a 15 million tonne refinery the flagship Indian refiner-marketer is building in Orissa’s Paradip at an investment of a little under Rs 30,000 crore.

“We have received interest from PdVSA. We are evaluating the offer,” a senior company executive, requsting anonymity, said on the sidelines of the 19th World Petroleum Congress here. “We want a partner not for money but for some value. In this case, PdVSA has said it can supply Venezuelan crude to the refinery. IndianOil would look at getting at least half, or 7.5 million tonnes, of Paradip refinery’s crude requirement from Venezuela.”
…

there are other factors that could work for the PdVSA deal. Venezuelan crude is one of the toughest to process and needs refineries with high complexity ratings. IndianOil has designed the Paradip unit to accept the toughest, heaviest and the dirtiest crudes. “Our refinery will have a Nelson Complexity Index of 15,” the IndianOil executive said. Reliance Petroleum’s upcoming export refinery at Jamnagar, which is billed the most advanced, is rated at 14. Besides, India offers strategic locational advantage from where exports can even happen to as far as the US.

Following is an excerpt from a report in tathya.in.

Mr.Tharoor met the Chief Minister Naveen Patnaik and Biswa Bhusan Harichandan, Minister Industries to brief them over the proposed investment recently.

As the Chairman of the Afras Projects India Private Limited (APIPL), he has proposed to invest Rs.800 crore in the state.

Mr.Tharoor during the meeting with Ashok Kumar Meena, the Managing Director of IPICOL had presented the proposal to set up India’s first ever welded stainless steel and duplex pipe manufacturing facility.

APIPL is the Indian arm of the Dubai based multinational giant, Afras Ltd.

Mr.Tharoor has asked for a 125 acre patch of land in Choudwar, Dhamra or Gopalpur.

According to the proposal Afras will introduce the State of the Art technology from an established European technology provider.

This will be first down stream industry of the steel sector, which will be using the products of the Jindal Stainless Limited.

R Ravi, Chief Financial Officer (CFO) of Afras Ltd, presented the concept note on the proposed unique project.

At present the company has asked for 50 acres of land and in future to cater the need of the expansion plans, it will be requiring another 75 acres.

Following is excerpted from a report in tathya.in.

• Bhusan Steels Limited’s (BSL) 6 million ton per annum (mtpa) project, which will entail investment worth more than Rs.15, 000 crore. BSL is setting up a 3.10 mtpa steel project at Meramundali in Dhenkanal district. The company wanted to expand its capacity to 9 mtpa, but HLCA allowed a 6 million ton capacity expansion. Bhusan Energy Ltd for 2000 mw thermal power plant at one go with an investment of Rs.8483 crore.
• Essar Steel Orissa Limited (ESOL)’s 6 million ton steel complex at Paradeep and 8 million ton iron ore beneficiation plant at Joda will entail an investment of Rs.10, 724 crore
• Welspun Power and Steel Ltd‘s proposal for setting up a 5 million tonne per annum iron ore beneficiation plant and 3 million tonne per annum pelletisation plant at Dhamra was also cleared.
  While the company had received approval for setting up of a 3 million tonne per annum (MTPA) steel plant at Tangi at an investment of Rs 6103.80 crore earlier, it proposed to set up a iron ore benificiation and 3 MTPA palletisation plant at Dhamra.
• SMC Power Generation Limited (SMCPGL) to expand capacity from 0.5mtpa to 1mtpa with an investment of Rs. 1366.18 crore was cleared.
• Increasing the capacity of MSP Metaliks from 0.26 mtpa to 1 mtpa with an investment of Rs.1205.80 crore received clearance from HLCA.
• 1000 mw thermal power plant by Monnet Ispat and Energy Limited (MIEL) entailing an investment of Rs.4107.04 crore.
• Jindal Photo Limited (JPL)’s proposal to set up 1000 mw in Angul district with an investment of Rs.4525 crore.
• Visa Power Limited (VPL) proposal for a 1000 mw power plant with an investment of Rs.3698 crore at one go.

Following is an excerpt from a report in Telegraph.

The Centre had accorded provisional approval to five, proposed petroleum, chemical and petrochemical investment regions including the one being planned in Orissa and had asked if the state government would be investing in the project infrastructure.

The authority consented to invest Rs 2,700 crore on the infrastructure development, while the Centre and central public sector undertakings, including the Indian Oil Corporation, have already agreed to spend Rs 5,800 crore on this score.

In all, Rs 15,273 crore would be spent on the infrastructure development at the project site and on the periphery, official sources said.

According to the vision plan, the proposed region would be developed in an area spread over 250sqkm without any displacement. The areas concerned would be developed into modern “city villages”. The annual project turnover has been estimated at Rs 423,500 crore.

There would be a value addition of the petroleum-related products to the tune of Rs 43,000 crore and an equal amount in shape of export earnings. The total tax income has been estimated at Rs 42,000 crore, of which Rs 32,100 crore is expected to go to the state exchequer.

Following is an excerpt from a report in Telegraph.

Another proposal submitted by Apeejay Shipping, the country’s largest privately-owned shipping company, and Bharati Shipyard Limited, one of the leading private shipyards, to set up a project in Orissa at an estimated cost of Rs 2,200 crore was also cleared by the authority today. If and when the project materialises, it would be the first ship building and repair project in the private sector in eastern region.

Apeejay Shipping has a fleet of modern dry bulk carriers operating worldwide. An ISO 9001:2000 company, Apeejay Shipping is a part of the diversified conglomerate, Apeejay Surrendra Group, established in 1910.

The project is proposed to be set up in an area spread over 1,050 acres near the upcoming all-weather port at Dhamra in Bhadrak district at an estimated cost of Rs 2,200 crore. The project would be implemented in three phases and completed by 2013, the sources said.

The greenfield project is expected to create an opportunity for direct employment to 11,300 persons and indirect employment to 40,000 persons.

Following is an excerpt from a report in Economic Times.

IT major Infosys today said it would invest Rs 500 crore in Orissa for setting up an SEZ in IT and ITeS sectors and take care of children’s mid-day-meal scheme and healthcare services.

“We have proposed to set up an IT SEZ in Bhubaneswar. The project will require 50 acres of land”, T V Mohandas Pai, Director HR, ER and administration and member of board of Infosys, told reporters here.

… Pai who had been funding mid-day meal for 10,000 school children in Nayagarh district, also agreed to extend the programme to Gajapati and Kandhamal districts, official sources said. Besides, 30,000 children in Puri district were also getting midday meal in Puri district.

“We have been spending Rs 6.50 per child to provide quality food,” Pai said pointing out that Infosys had spent Rs 5.5 crore towards its corporate social responsibility.

Shetty, who had been providing health care service to BPO staff, urged Patnaik to allot five-seven acres of land in the city for setting up a 1,000-bed heart hospital.

As the city was gradually becoming a IT hub of Eastern India with almost all major players opening their development centres, employees required quality heath service, Shetty said.

“We have also requestedthe state government to help Shetty set up a heart hospital here”, Pai told reporters.

Following is an excerpt from a report in Business Standard.

The rural BPO centre will be established by the Tata Business Support Services (TBSS) — the BPO wing and a wholly-owned subsidiary of Tata Sons — in partnership with Tata Steel Rural Development Society — a corporate NGO managed by the Tata Group for the last 60 years. To start with, it is expected to employ around 200 people.

Sources close to the development said the company has already recruited the first batch of the executives for the BPO unit, who are expected to undergo two months of training at TBSS’ headquarters in Hyderabad. TBSS has developed a specialised training programme in view the fact that most of the new recruits are not computer literate. It currently operates three rural BPO units that employ around 500 people in all.

A spokesperson from Hyderabad-headquartered TBSS confirmed the move. A senior official of the Tata group said the company was looking for graduates and under-graduates with some knowledge of English.

The centre aims at handling the Orissa region front-end and customer support works of group companies including Tata Teleservices and Tata Sky. The BPO unit will also provide services to other firms who have substantial operations in Orissa.

“Opening the BPO unit in Kalinganagar will provide us access to many educated but unemployed youths in semi-urban areas like Jajpur Road and Duburi which have a number of colleges and educational institutions in and around. The education level among the masses in these areas is comparatively high and the aspirations level of the local people is also very high,”said a Tata group executive in charge of human resources development.

“Although most youths in these areas are interested in higher-end and computer-related jobs, there were no opportunity in these places,” the executive added.

The group will initially run the BPO unit in the transit houses and rehabilitation set-up established by the company in Kalinganagar, before moving into a dedicated building in next few months. The centre will start as a voice-based BPO with focus on Bengali, Hindi and English languages other than Oriya.

Following is an excerpt from a report in Business Standard.

The Orissa government today entered into a memorandum of understanding (MoU) with the K Raheja Corporation for setting up a IT park in Bhubaneswar with ‘Mindspace‘ branding. …

The proposed IT park will be implemented through a joint venture company to be formed between the state owned Industrial Infrastructure Development Corporation (IDCO) and K Raheja group. It is expected to be completed in about 3 years and an estimated Rs 250 crore will be invested in the first phase.

Three possible locations at Infocity-I, Infocity-II and Mancheswar Industrial Estate have been identified but the final location will be decided in consultation with the Raheja group.

Proposed to be built over 30 acres of land, the IT park is expected to generate employment opportunities for more than 12,000 persons in next 3-4 years. K Raheja group , which is engaged in the business of infrastructure development, has the experience of developing similar IT parks in places like Hyderabad and Mumbai. …

the park will be developed in public-private-partnership (PPP) mode. It will have about 10 lakh square feet of space to be used by different IT and ITeS companies coming to Orissa. As this project is highly employment intensive, it will be beneficial for the state.

Stating that about 3-4 lakh jobs are likely to be created in the IT and ITeS sector of the state, the minister said, the government is trying to achieve Rs 5000 crore software export target set by chief minister Naveen Patnaik well before 2012.

Ravi C Raheja said, that every ‘Mindspace’ IT park developed by the company is green certified.Citing the example of the IT park developed by the group in Hyderabad, Raheja said, the state government expected to generate about 15,000 jobs in 10 years.Within 4 years of starting the park about 50,000 jobs have already been created.The company is targeting to increase it to 1 lakh there. Bhubaneswar IT park will also generate vast employment opportunity for the people.

Following is an excerpt from a report in Business Standard.

Aman Resorts, the internationally acclaimed chain of luxury hotels has decided to invest in Orissa.

A team of this Singapore-headquartered hotel chain today visited three possible locations between Pipili and Konark for setting up a resort in the state.

It visited locations like Khelar (near Pipili), Sarada (near Nimapada), Beruhan (near Konark). However, the exact location has not been finalised.

… Adrian Zecha, chairman of the group accompanied by the leading architect Karan Grover met the Orissa Chief Minister Naveen Patnaik and Tourism Minister Devi Prasad Misra.

They have sought about 45-50 acres in the rural sorroundings nearing Konark for their proposed resort project. …

Sources said, the group is looking for the rural hinterland having natural ambience. Positioned as a high ended hotel in the 7 star category, it is expected to attract high spending tourist to the state from foreign countries.