Govt approves investment of Rs 3,400 cr

Bhubaneswar: Carrying forward its industrialisation process, Orissa government on Friday approved investment proposals of Rs 3,400 crore in steel, cement and paper sector, official sources said.

The proposals from different companies were approved by the State Level Single Window Clearance Committee (SLWCC) headed by Chief Secretary B K Patnaik.

Of the total Rs 3,400 crore investment proposals approved by the SLSWCC, Rs 2,870 crore would be in the steel sector, said industries secretary T Ramachandru.

Among other projects, SLWCC approved a proposal from Tata Steel to set up a re-bar mill and a hi-carbon ferrochrome unit at its Gopalpur SEZ in Ganjam district. The steel major would invest Rs 800 crore in the project, he said.

As the Tatas had earlier dropped their plan to set up a mega steel plant at Gopalpur due to scarcity of water, this time the company had been asked to use water through the process of desalination, Ramachandru said.

While the Tata Steel was planning to manufacture 4 lakh metric ton of re-bar mill per annum from its re-bar mill unit, it would produce 55,000 metric tons of hi-carbon ferrochrome at the Gopalpur SEZ to be set up by the company.

Other steel units included a 0.6 mtpa integrated plant at an investment of Rs 925 crore by Shyam Steel Industry, Sri Bajrang Power & Ispat company`s 0.12 mtpa steel plant at an investment of Rs 500 crore and another 0.21 mtpa plant at an investment of Rs 645 crore by Rupa Ispat, he said.

Aryan Mining and Trading Corporation Limited`s proposal for setting up an ore benefication plant at Koeda in Sundargarh district at an investment of Rs 423 crore was also okayed, he said.

Kashivi International`s proposal to set up an iron ore pellet plant at an investment of Rs 56 crore was also cleared.

Binani Cement Limited which had initially decided to set up a cement plant at Dhamra in Bhadrak district had been allowed to shift its unit to Kalinga Nagar in Jajpur district.

Replying a question, the industries secretary said the projects were approved keeping in view the availability of water close to their proposed plant sites.