November 22, 2008

Orissa government clears more mega projects

SNS reported that Orissa government’s high level clearance authority, headed by Mr Naveen Patnaik chief minister, has cleared several investment proposals in the state. The proposals for capacity enhancement of capacity from various steel and power companies were also cleared at the meeting

The list includes

1. Essar Steel’s proposal to set up a 6 million tonnes per annum plant and an 8 million tonnes per annum iron ore beneficiation plant. Essar had signed a MoU to set up a 4 million tonnes per annum plant through the sponge iron route. Now, the revised proposal for 6 million tonnes per annum will be through the blast furnace route.

2. Welspun Power & Steel’s proposal to set up a 5 million tonnes per annum iron ore beneficiation plant and a 3 million tonnes per annum pellet plant.

3. 2000 MW thermal plant of Bhushan Energy Limited

4. 1000 MW thermal projects of Monnet Ispat & Energy Limited

5. 1000 MW thermal projects of Visa Power Limited.

6. INR 2200 crore ship building yard & ship repairing project of Apeejay Shipping Limited. The project will come up at the Dhamra Port. Apeejay Shipping had agreed to complete the project within 5 years of acquisition of land.

7. Capacity expansion proposals of SMC Power Generation Ltd, MSP Metaliks and Bhushan Steels were also cleared. The HLCA approved

8. Petrochemicals & petroleum project, one of the five such projects to be developed in India, will be located in Paradip region covering 2 districts of Jagatsinghpur and Kendrapada. Indian Oil Corporation will be the anchor tenant for the project.