Archive for the 'INVESTMENTS and INVESTMENT PLANS' Category

Oceanworld waterpark about to open

Amusement parks, Bhubaneswar- Cuttack- Puri, Cuttack, NROs, REAL ESTATE, Waterpark 12 Comments »

See http://oceanworldwaterpark.com.

They are located between Cuttack and Bhubaneswar and their Physical address is:

Kuranga Sassan
PO-Kothapatna via-Fulnakhra
Thana sadara,Dist-Cuttack 754001 – Orissa
Email-info@oceanworldwaterpark.com

Companies in Orissa that allegedly do not pay attention to pollution; Government seems to be soft on them

Bhusan Power & Steel, Bhushan Steel Ltd., Closure notice once issued, ENVIRONMENT, Tata refractories Ltd., Tatas 1 Comment »

Following are excerpts from a report in tathya.in.

Take the case of Bhusan Power & Steel (BPSL), an integrated power and steel plant set up at Thelkoloi in Sambalpur district.

The Orissa Pollution Control Board (OPCB) on 16 February issued a closure notice to BPSL for violating the Air (Prevention and Control of Pollution) Act and Water (Prevention and Control of Pollution) Act.

BPSL was asked to stop all production until further orders, failing which stringent penal proceedings would be initiated against the company.

According to sources though the company is producing power for more than 2 years is has no designated site to dump fly ash released from the plants.

In absence of a proper place the company authorities were dumping in nearby places like Laripalli, for which villagers raised hue and cry.

Now they are dumping in Khinda, said a source.

Secondly BPSL filled up the river bed of the Bheden River by dumping earth.

These, according to environmental norms are serious offences.

OPCB had been asking BPSL to conform to environmental norms for the past six months, said the source.

However, the company allegedly did not pay any heed to it, added an official.

OPCB waited for six months and finally decided on closing down the unit.

… On 1 March OPCB has lifted the closure notice.

… Months ago when Dr. Hrushikesh Panda was at the helm of Forest & Environment Department, Tata Refractories Limited (TRL) at Belpahar,  was accused of pollution.

He impressed upon the OPCB to issue closure notice to the company.

OPCB issued closure notice and the Chief Minister announced the closure of TRL in the floor of the House.

So unrelenting was he that the State Government was to shift Dr.Panda to provide relief to TRL.

With so many pollution prone large mineral based industries coming up in Orissa, the soft approach of the Government’s Green Authority bodes ill for the state, feel an environmentalist.

Maytas and Orissa

Aluminium, Anil Agarwal, Jharsugurha, Jharsugurha- Brajarajnagar- Belpahar, Others, Satellite and Residential townships, Thermal, Vedanta Comments Off on Maytas and Orissa

Following is extracted from a report in sify.com.

Maytas Infra Ltd (MIL) is an infrastructure development, construction and project management company with more than two decades of experience in execution of complex & challenging landmark projects across the country. The company recently forayed into segments such as airports, seaports, oil and gas pipelines. MIL plans to diversify into new verticals like mining and related activities, manufacture of construction material and providing advisory & consultancy services.

… MIL’s new projects include railway siding project for Vedanta Industries in Orissa, Chennai MT Project & Hyderabad MRTS project.

… Its current projects include Vedanta Aluminium’s, Residential Township in Orissa worth Rs. 232.7 crore …

… MIL in JV with other firms is currently working on setting up 464MW Gas based Gautami Power project in AP, 100MW Sorang Hydro Power Project in Himachal Pradesh, 300MW KVK Nilachal thermal power project in Orissa and 56MW coal washery reject based SV Power project.

 

 

National Seeds Corporation tissue culture unit coming up in Bhubaneswar

Bhubaneswar- Cuttack- Puri, Business Standard, Central public sector, Khordha, NSC, Research institutions, Seeds Comments Off on National Seeds Corporation tissue culture unit coming up in Bhubaneswar

Following is an excerpt from a report in Business Standard.

The NSC has transformed itself from the usual non-profit-earning PSU into a vibrant entity.

Private sector seed companies have, till now, had a virtual monopoly over the production and sale of seeds, mostly hybrid seeds, of high-value crops. This was chiefly because the public sector seed producers, besides being fewer in number, remained focused right from the beginning on the production of seeds of low-value but high-volume crops (basically cereals), where profits were low though the quantities to be handled were large. Besides, public sector units (PSUs) made little attempt to keep pace with time.

However, the much-needed change in the public seed sector is coming about now with the largest player, the National Seeds Corporation (NSC), adopting a corporate culture and deploying state-of-the-art technology to produce seeds even of high-value crops and hybrids.

Indeed, as could be expected, this change in the work culture has transformed the NSC from the usual non-profit-earning PSU into a vibrant entity striving to find a place among the mini-Ratnas, if not the Navratnas. The headquarters of the NSC and four of its regional units in Bhopal, Jaipur, Secunderabad and Bangalore, have already acquired the ISO 9001-2000 certificate and the remaining regional units are in the process of doing so.

… Indeed, the man behind this incredible transformation is the present chairman and managing director B B Pattanaik." I would be able to declare a much higher dividend for the current year, "asserts an enthusiastic Pattanaik. He has not only motivated the aging employees of this 45-year-old corporation for better performance but has also taken several new initiatives to be in a position to rub shoulders with the well-run private sector seed companies, many of which now have business tie-ups with the NSC.

… The NSC’s tissue culture unit with a capacity to churn out annually about two lakh test tube-raised plantlets for propagation of the banana is coming up in Bhubaneswar and may become operational by the next month. For research and development back-up, the NSC gets support from the vast agricultural research network of the Indian Council of Agricultural Research (ICAR) and the state agriculture universities. This helps the NSC to add, on an average, around 20 new varieties and hybrids to its product range every year.

Mindtree to start construction in April

Bhubaneswar- Cuttack- Puri, ICICI, IT, Khordha, Mindtree, TOI, Economic Times, WIPRO Comments Off on Mindtree to start construction in April

Following is an excerpt from a report in Economic Times.

IT consulting firm MindTree Consulting Ltd would the start construction of its proposed development centre here from April, official sources said.

MindTree Consulting is one of the four major firms which had proposed investment in Orissa’s IT sector, the others being Genpact Limited, ICICI Eastern Regional Hub and Wipro Limited.

According to Orissa’s Information Technology Minister S N Patro, MindTree Consulting Limited had proposed to invest nearly Rs 200 crore in its project here.

"While Wipro will invest Rs 100 crore in its project, ICICI Eastern Regional Hub proposes to spend Rs 500 crore here," the Minister said, adding that Genpact had proposed to invest Rs 200 crore.

Status of land leased to the Tatas in Gopalpur and other places

Ganjam, Keonjhar, Tatas Comments Off on Status of land leased to the Tatas in Gopalpur and other places

Following is an excerpt from a report in Business Standard on this.

The Tatas were provided 3,088 acres at Gopalpur in Ganjam district to set up a mega steel plant in the mid 1990s.

However, the company later shelved the project. The stretch included 2,295.95 acres of private land and 792.65 acres of government land.

The minister, however, pointed out that the company has deposited the revenue for the allotted land for 25 years at the rate fixed for the concerned villages.

Replying to questions in the state assembly, the minister said, "Out of the leased land, the company has set up a technical training centre over 10.2 acres. The surplus land, which was acquired for setting up of the steel plant, is lying vacant since 1997.

Similarly, the Tatas were provided 252.17 acres in Keonjhar district by the former king of Keonjhar.

It was given for the purpose of setting up a workshop (3 acres), rent-free houses (90 acres), roads (10 acres), tram ways (11.25 acres), temple or church (3 acres) and a malaria prevention programme (134.92 acres).

This lease was renewed till 31st March 1997 and the Revenue Divisional Commissioner (northern range) sent the proposal for the second renewal to the revenue department on 19th September 2007.

Out of the land leased Keonjhar, the company is using 48.772 acres for buildings, 85.415 acres for a ferro-manganese complex, 10.874 acres for roads, 1.074 acres for a tramline, 11.539 acres for a temple, church, mosque and hospital.

There is 69.689 acres of vacant land. Samal stated that the use of 85.415 acres by the company for the ferro-manganese industry violates the objectives of the original lease.

Kalinganagar Tata Steel R & R status: Samaja report

Jajpur, Jajpur Rd- Vyasanagar- Duburi- Kalinganagar, R & R, Samaja (in Odia), Steel, Tatas Comments Off on Kalinganagar Tata Steel R & R status: Samaja report

Progress on Paradip PCPIR proposal

INVESTMENTS and INVESTMENT PLANS, Jagatsinghpur, Kendrapada, New Indian Express, Indian Express, Financial express, Odisha govt. action, Paradip - Jatadhari - Kujanga, Petrochemicals, Refinery, Samaja (in Odia), State Bureaucrats (IAS, OAS, etc.) 1 Comment »

Following is an excerpt from a report in Financial Express.

The Paradip Petrochemicals & Petroleum Investment Region (PCPIR), which has raced ahead to become one of the five fast track projects, is expected to attract a total investment to the tune of Rs 2.75 lakh crore.

The IL&FS, the consultant for the Orissa project, Monday gave a presentation to the senior officials of the state government about the development of the project. The presentation was witnessed by chief secretary, Ajit Kumar Tripathy, development commissioner RN Bohidar, industries secretary Ashok Dalwai, commerce & transport principal secretary Priyabrata Patnaik, special secretary Guru Ray, IDCO managing director Vishal Dev, among other senior officials.

The IL&FS vice-president, Anil Goel, said that the Orissa project, which was lagging behind, has made good progress during the last two months. According to him, the project is now at par with the projects proposed at Visakhapatnam in Andhra Pradesh, Dahej in Gujarat and Mangalore in Karnataka. He said that the project has been highly appreciated by the Centre.

Goel, who was accompanied by his Orissa head Manoj Panda, said that the project, which will come up over an area of 28,500 hectare at Paradip, will have Indian Oil Corp’s (IOC) Rs 26,000 crore petrochemical complex as anchor tenant. Besides the IOC investments, the project will attract investment to the tune of Rs 23,000 crore in township, housing and allied sectors, Rs 15,275 crore in external infrastructures like port, airport, cargo complex, road, while Rs 2.30 lakh crore will come in the hardcore industries of the petrochemical sectors. He said the investments would be by the private corporate houses, public sector undertakings, and in the mode of BOOST and PPP.

Following is Samaja’s take on it.

MESCO expansion in Kalinganagar

Hindu, Business line, INVESTMENTS and INVESTMENT PLANS, Jajpur, Jajpur Rd- Vyasanagar- Duburi- Kalinganagar, Steel Comments Off on MESCO expansion in Kalinganagar

Following is an excerpt from a PTI report in Hindu.

Kalinganagar: MESCO Steel Group plans to invest $2.8 billion (over Rs 1,000 crore) to expand its existing steel making capacity and set up a greenfield project that would together take its total capacity to 6.5 million tonnes per annum. MESCO, which owns Mideast Integrated Steel Ltd (MISL), would enhance its existing pig iron plant here into a 3.5 million tonnes steel plant with an investment of $1.2 billion, company’s Managing Director Rita Singh told reporters here.

Ms Singh said that the company would pump in $1.5-1.6 billion through joint venture route in setting up a greenfield steel plant here. The project is likely to be finalised within 2-3 months.

"We have already acquired 800 acres of land for this greenfield steel plant,” she said, adding that this project would be set up by MESCO Kalinga Steel. Both these projects would be completed by 2010-11, she said. The funds for these projects would be arranged through suppliers credit and cash equity.

… MESCO, which has become debt free recently, is also planning to ramp up its pig iron production from the current 4 lakh tonnes to 7 lakh tonnes by 2008-09. The products would be utilised by its steel plants, she said. – PTI

Update on Titanium SEZ in Chhatrapur

Berhampur- Gopalpur- Chhatrapur, Bhubaneswar-Berhampur, Ganjam, New Indian Express, Indian Express, Financial express, SEZs, Titanium Comments Off on Update on Titanium SEZ in Chhatrapur

Following is from a report in New Indian Express.

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.

BHEL talks about joint venture with Orissa and other states

Central public sector, Thermal Comments Off on BHEL talks about joint venture with Orissa and other states

Following is an excerpt from Livemint on this.

India’s largest manufacturer of power generation equipment Bharat Heavy Electricals Ltd (Bhel) has begun negotiations to set up joint ventures with state government institutions in Maharashtra, Orissa and Uttar Pradesh, which will not only generate steady orders for the firm but potentially block out emerging rivals.
The so-called ‘supercritical’ thermal power projects, with a capacity of 4,800MW, are expected to need Rs20,000 crore in investments.

“We are in talks with the SEBs (state electricity boards) and are exploring opportunities on the lines of our joint venture with Tamil Nadu Electricity Board in a 50:50 ratio. We are looking at setting up 1,600MW projects with each SEB,” said a senior Bhel executive who did not want to be named.

Each venture will require two units with a capacity of 800MW. Bhel is the only company in India that has the capability of manufacturing boilers and turbines of 800MW size and above. But, several companies, including Mitsubishi Heavy Industries Ltd, Toshiba Corp., Hitachi Ltd, Dosan, Dongfang Electric Corp., Siemens AG, Alstom SA, Russia’s LMZ and Technoprom have said they would be interested in setting up manufacturing facilities in India.

Government officials of Maharashtra, Orissa and Uttar Pradesh confirmed the conversations with Bhel.

One state government official, who did not wish to be identified, noted that “supercritical power projects burn less coal and their large economies of scale help in delivering cheaper power.”
Each of the 1,600MW will require an investment of Rs6,400 crore, with a maximum debt to equity ratio of 70:30. This would entail an equity of Rs1,920 crore with Bhel and the state board chipping in Rs960 crore each.


A government working group report, submitted as an input into the preparation of the 11th Plan for the power sector, noted that about 3,960MW could not be commissioned in the current plan period due to delays by Bhel. India currently has a power generation capacity of 135,000MW and aims to add 78,577MW of capacity by 2012.

The Bhel executive said that with capacity being raised by 10,000MW per year, the company will be able to manufacture equipment totalling 56,000MW by 2012. It has an order book position of 31,923MW and 9,775MW of extra equipment from unused stock.

“This leaves us with a lot of capacity to manufacture,” the executive added.
Bhel has technical collaboration with Alstom and Siemens, who are both pioneers in the field of supercritical technology for manufacturing boilers and turbines, respectively. The company posted a net profit of Rs2,385 crore on revenue of Rs18,702 crore in 2006-07 and ended the year with an order book position of Rs35,633 crore.

Bhel aims to become a $10 billion-plus (Rs39,500 crore) company by 2011-12 with a 15,000MW power equipment manufacturing capacity by the end of next year. The company has a current manufacturing capacity of 10,000MW.

Vedanta news: IPO for Sterlite energy; plans for a steel plant in Keonjhar

Anil Agarwal, Keonjhar, Steel, Thermal, Vedanta 1 Comment »

Following are some excerpts.

Business Standard:

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.

Sify.com:

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.

POSCO’s Socio-economic impact on Orissa: an ad in Samaja

Iron Ore, Jagatsinghpur, Jatadhari port (POSCO), Paradip - Jatadhari - Kujanga, POSCO, Samaja (in Odia), Steel Comments Off on POSCO’s Socio-economic impact on Orissa: an ad in Samaja

Samaja: Posco land acqusition – ID card holders to get stipend till plant opens; R & R for encroachers

Iron Ore, Jagatsinghpur, Land acquisition, Paradip - Jatadhari - Kujanga, POSCO, R & R, Samaja (in Odia), Steel Comments Off on Samaja: Posco land acqusition – ID card holders to get stipend till plant opens; R & R for encroachers

IOC to set up Biodiesel refinery: Odisha.in

BioTech, Pharma, IOC, Jatropha, Odisha.in, Refinery 5 Comments »

Odisha.in reports that IOC will set up a Biodiesel refinery in Orissa. Following is an excerpt from an Odisha.in  news item on this.

The Indian Oil Corporation (IOC) Thursday announced to set up a Bio-Diesel Oil Refinery in Orissa.

This was announced by B.B.Choudhury, chief of IOC, Eastern Zone at the Banker’s Committee meeting on rising of energy plantation and Bio-Diesel production being organised jointly by OREDA and Science and Technology Department, Orissa.

Choudhury said that IOC had plans to support all necessary infrastructures for sustainable and qualitative production of Bio-Diesel.

He said that IOC would set up the proposed Bio-fuel processing unit in a centrally located area and urged the state government to help supply high yielding non-edible Jatropha or Karanja seeds of at least 2 lakh Metric tones annually to make the unit viable.

IOC has decided to blend Petrol and Diesel with ethanol content in rational level ,he said .presiding over the meeting Orissa Chief Secretary, Ajit Tripathy announced that a Bio-Diesel Park would be set up at Deras , in the outskirts of Bhubaneswar.

Mittal gets administrative sanction to acquire land – first step in land acquisition

Arcelor Mittal, Keonjhar, Land acquisition, Odisha govt. action, R & R, Steel, TOI, Economic Times 1 Comment »

Following is an excerpt from a report in Economic Times.

The Orissa government has given administrative sanction for acquiring land at Patana tehsil in Kenojhar district for Arcelor-Mittal’s proposed 12 million tons per annum steel plant.

The company … has already deposited Rs 4.03 crore with the Industrial Development Corporation (IDCO) as processing fee for phase-I land acquisition.

The government has also appointed a nodal officer to oversee land acquisition process and other issues concerning the company’s greenfield project, said Steel and Mines Minister Padmanabha Behera.

Arcelor-Mittal is understood to have sought nearly 8,000 acres of land for the purpose and the state is believed to have agreed to the request.

The government has, however, cleared acquisition of only 1,224 acre of land spread over three villages like Angikala, Baradangua and Bhrungaraj under Patana tehsil in the first phase of land acquisition.

The 1,224 acres demarcated for the first phase acquisition comprised 431 acres of government land and 739 acres belonging to private owners.

While the government had fixed price per acre of state land at Rs two lakh, it was yet to decide cost of private land which would be fixed according to rehabilitation and resettlement policy.

IBM announces launch of SMB operation in Orissa

Bhubaneswar- Cuttack- Puri, IBM, IT, Kalinga Times, Khordha, MSE - medium and small enterprises Comments Off on IBM announces launch of SMB operation in Orissa

This appears in various news media. Following are excerpts from a report in Kalinga Times.

… IBM India on Wednesday announced the launch of its SMB operations in Bhubaneswar .

This expansion will enable IBM to provide better support to SME clients in and around Bhubaneswar and help IBM’s customers leverage IT for business growth.

In addition, mid-market businesses will also benefit from the new IBM Express Advantage initiative that provides SMEs with a unified end-to-end approach to help them innovate and expand.

…Earlier this year, IBM had announced a plan to extend its presence to 14 cities outside of the key metros, and has successfully launched operations in Bhopal , Chandigarh , Coimbatore , Cochin , Goa, Jaipur, Jamshedpur , Lucknow , Nagpur , Nashik, Surat , and Vizag. It will look to expand into Ludhiana and Madurai as well.

… IBM’s SME offerings have already been accepted in various industries and organisations. Some existing customers in Bhubaneswar include, Government of Orissa IT Department – OCAC, Dept of Treasury Orissa, Paradeep Phosphates Ltd, Vedanta Alumina Ltd, Kalinga Institute of Industrial Technology, Biju Patnaik University of Technology, and Utkal University to name a few.

Golden future of Dhamara

Bhadrakh, Bhadrakh - Dhamara (port conn. planned), Bhadrakh-Dhamara, Bhitarakanika, Dhamara port (under constr.), Dhamara- Chandbali- Bhitarakanika, L & T, Shipyard, Tatas Comments Off on Golden future of Dhamara

Dharitri has a nice article on the golden future of Dhamara. Following are some of the major projects involving Dhamara. My prediction is that in 10-15 years the Chandbali-Dhamara-Bhitarakanika area will be a beautiful metropolitan area  next to a national park. (See top right in this map.)

  1. L & T and the Tatas are building a port in Dhamara.
  2. Central government is upgrading Dhamara fishing jetty  to an international fishing harbor.
  3. Bharati Shipyard and Appejay group plan to build a shipyard in Dhamara.
  4. A railway line connecting Dhamara and Bhadrakh will be build.
  5. Good roads will definitely connect Dhamara to nearby National Highways.
  6. Dhamara will be a major stop in National Waterway 5.
  7. Dhamara is next to the Bhitarakanika National Park (more)

 

Bharati-Apeejay Surendra shipyard venture gets single window clearance

Bhadrakh, Indian majors, Shipyard, Vocational education Comments Off on Bharati-Apeejay Surendra shipyard venture gets single window clearance

Following is an excerpt from a news item in tathya.in.

The State Level Single Window Clearance Authority (SLSWCA) has paved the way for the first shipyard project in Orissa. 

… Presenting the case Ashok Dalwai, Secretary Industries the project will provide jobs for 41,000 people. 

The Bharati Shipyard Limited (BSL), a major private shipyard and the Apeejay Surendra Group, an industrial conglomerate have joined hands to set up the-State-of-the-art shipbuilding yard and ship repair yard project at Dhamra in Orissa. 

The mega shipyard project will entail an investment of Rs.2200 crore in 3 phases. 

Easy availability of raw material like steel, large number of skilled, unskilled man power and above all the proactive government policies dotted with positive environment for investors are creating conducive atmosphere for a mega shipyard in the state.

The requirement of steel in shipbuilding and repairing has been projected as in the first phase it will be up to 75,000 MT per annum, while in second phase it will go up to 2,30,000 MT.

In the final phase the steel requirement will go up to 4, 50,000 MT said the source.

The proposed site has been identified near the Dhamra Port, where out of 1500 acres surveyed 1050 acre of land has been provisionally selected for the mega shipyard.

Milestones set up for the project envisages that Master Plan will be ready in the next year and construction of the shipyard will begin in mid of 2008. 

The Joint venture promoters feel that the project will complete its first phase construction in early 2009 to begin commercial production by middle of the year.

Odisha.in adds the following:

The company has also plans to set up an ITI neared to the project site to provide technical training to local youth to enable them to get related jobs in the project.

 

Orissa Sponge Iron, an IPICOL unit, plans to set up a steel plant

Metals and alloys, Orissa Sponge Iron, Sponge Iron, Steel Comments Off on Orissa Sponge Iron, an IPICOL unit, plans to set up a steel plant

From http://myiris.com/shares/company/writeDet.php?icode=orispoir#rec:

Orissa Sponge Iron was incorporated in 1979. The company is promoted and managed by Industrial Promotion and Investment Corporation of Orissa Ltd and Torsteel Research Foundation India. The main Business Profile of Orissa Sponge Iron is sponge iron and steel billet.The company`s plant is located in Palaspanga in Orissa.

Following is a recent news item about this company.

Orissa Sponge Iron and Steel firmed its plan for setting up of a one million ton integrated steel plant, reports Business Line.

The company is also believed to have received environmental clearance for its iron ore mines. The estimated reserves of iron ore mine is 130 million tons said to be worth on a conservative basis over Rs 750 billion.

The company has also obtained coal mining lease in the Orissa worth over Rs 100 billion.

 

OMDC has many mine leases and is ready to supply to steel plants

Central public sector, Keonjhar, MINES and MINERALS 20 Comments »

Following is an excerpt from a report in Pioneer.

Orissa Minerals Development Company (OMDC), operating under the direct administrative control of the Union Ministry of Steel, has announced that it was ready to supply iron ore to the companies which have signed MoUs with the Orissa Government for setting up of steel plants.

Chairman-cum-Managing Director of OMDC MS Barpanda said he had already conveyed his decision to the State’s Secretary Of Steel and Mines UP Singh.

… OMDC has six iron ore and manganese mines in Barabil area of Keonjhar. Barpanda had steadied the company which was reeling under allegations of embezzlement of funds under investigation of CBI.

He has now established contacts with the Orissa Government for renewal of mining leases and setting up of a palletisation plant in Orissa.

Barpanda, … added that OMDC under his dispensation had been finalising all contracts in a most transparent manner through open tender by advertisements in newspapers and e-auction process.

He further added that notwithstanding cancellation of the leases of two major mines by the Orissa Government production in OMDC had increased in volume, which only proves that all the remedial measures initiated by him had yielded results.

Industrialization of the Paradip area and their land requirements

Chemicals, Cuttack - Paradeep, Cuttack-Paradip, Fertilizers, Haridaspur - Paradeep (under constr.), Jagatsinghpur, Jatadhari port (POSCO), Land acquisition, Paradeep port, Paradip - Jatadhari - Kujanga, Petrochemicals, Ports and waterways, POSCO, R & R, REAL ESTATE, Steel 1 Comment »

Following are extracted from a report in the Pioneer.

  • the State Commerce and Transport Department, in its sanction order-29753, dated May 30, 1970, had allotted 3, 793.21 acres in the first phase and 2285.23 acres in the second phase to the Paradip Port Project. Most of the lands were obtained from Sandhakuda, Bijayachandrapur, Balijhari and Bhitaragara villages, under Kujang Tehsil. According to the official sources, about 6,889 acres of land were supplied to the Paradip Port Trust.
  • The State Government had provided 62.19 acres of land to the Paradeep Phosphate Ltd, which is a fertiliser plant that started its project in 1982. The PPL had acquired 405 acres of private lands from Bhitaragada village on its own.
  • … in Paradeep-Cuttack railway line 137 acres of land were acquired from the Bhitaragada village.
  • Kujang Tehsil had about 1,500 acres of Government land in the Musadiha area that was provided to the Oswal Fertiliser Plant in the year 1995-96. The plant had also purchased about 500 acres of private land from the local people.
  • … in 2000 Indian Oil Corporation had purchased 3,300 acres of private land from the local people of 17 villages for its refinery project, which was to be set up on the outskirts of Paradip but the project is yet to come.
  • for much-hyped Haridaspur-Paradip Railway Project, widening of the NH-5 and recent expansion of Cuttack-Paradip State Highway, thousands of acres of both Government and private lands have been acquired from Kujang Tehsil.
  • Essar, the 6 million tonnes steel plant project, moves for the land acquisition in Paradip and the project needs about 1,950 acres of land. The State Government has already given 350 acres of land to the plant. It will procure the remaining required land from private land.
  • Posco has shown a demand of about 4,004 acres of land in Dhinkia, Gadakujang and Nuagaon villages for its steel plant and port project. The State Government has given assurance and has provided Posco most of the encroached Government and forestlands. The rest of the required land would be purchased from private landowners.

Every family to be affected by an SEZ in Orissa to be given a job

R & R, SEZs Comments Off on Every family to be affected by an SEZ in Orissa to be given a job

Following is an excerpt from a report in Economic Times.

… According to sources, the Haryana and Orissa governments have decided to put in place a policy making it mandatory for developers to employ a member from every family in a village affected by a SEZ project.

The Cabinet, in October, approved the National Policy on Rehabilitation & Resettlement, 2007, to replace the National Policy on Resettlement & Rehabilitation for Project-Affected Families, 2003. “The policy can incorporate minor changes, if needed, for the welfare of rural folk,” an official in the rural development ministry said.

A National Rehabilitation Commission would be set up by the Centre, which will be empowered to exercise independent oversight over the rehabilitation and resettlement of affected families.

To ensure transparency, there would be a provision for mandatory dissemination of information on displacement, rehabilitation and resettlement, with names of the affected persons and details of the rehabilitation packages. Such information would also be placed in the public domain by the gram panchayats.

People would, however, be given jobs according to their qualifications. The government is of the view that salaries should at least match what an individual was earning before being displaced.

“We are also in the process of setting up a mechanism through which the affected communities would be duly informed and consulted at each stage, including public hearings in the affected areas for social impact assessment,” the official said.