Govt approves project with investment of Rs 1,36,000 cr
Bhubaneswar: The state government on Wednesday approved nine new projects, including coal-to-liquid (CTL), steel and aluminium units involving investment of Rs 1,36,000 crore.
Apart from two CTL, two steel and one aluminium units, the approved projects included a power plant, one textile unit, a paper plant and an aluminium park, he said.
Among the major proposals was the Rs 42,000 CTL project of Jindal Symflex Ltd to be set up at Durgapur in Angul district using German Lurgi technology, he said adding its capacity would be 80,000 barrels per day.
Requiring 4,000 acre of land, the project would have an 1100 mw captive power plant. Set to provide 6500 direct employment, it would use 90 cusec water from river Mahanadi.
Another CTL project is proposed to be set up by Strategic Energy Technology Systems Pvt Ltd, a joint venture of Tata and Saso, at an investment of Rs 35,000 crore at Gudiakateni in Dhenkanal district.
With a capacity of 80,000 barrels per day, the project requiring 4,000 acre land would have 1100 mw generation facility. It would generate 6700 direct employment while drawing 90 cusec water from river mahanadi.
An aluminium project is proposed to be set up by a joint venture of L & T and Dubal at an investment of Rs 30,000 crore over an area of 4000 acre in Rayagada district. Its refinery would have 3 mtpa capacity and smelter 1.5 mtpa. It would draw 60 cusec water from river Nagavali.
Seeking to further raise energy production, the HLCA cleared a proposal of Lanco Dabandh Power Ltd to have another 1320 mw unit at an investment of Rs 5000 crore in addition to its earlier plant of same capacity in Dhenkanal district
In textile sector, Andhra Pradesh based NSL Textiles Ltd would set up an integrated textile plant at an investment of Rs 1500 crore with a promise to provide 5000 jobs and steps to encourage one lakh farmers to grow cotton over an area of 2.25 lakh hectares of land.
Another project seeks to increase the capacity of JK Paper Mills in Rayagada up to 1.5 lakh tonne at an investment of Rs 1,475 crore, for which additional 150 acre land would be required, official sources said, adding, the expansion would provide 3,800 direct employment.
In the steel sector, both the proposals approved by HLCA were expansion projects with plans for downstream parks.
While Adhunik Metalics Ltd seeks to increase the capacity of its plant in Sundargarh district from .41 mtpa to 3.2 mtpa by investing Rs 8125 crore, OCL Iron and Steel Ltd proposes to raise capacity of its unit in the same district from .25 mtpa to .95 mtpa by pumping 2894 crore.
Aditya Aluminium proposes to set up a park over 200 acre land at Rengali in Sambalpur district at an investment of Rs 1,300 crore with 500 employment potential.
In major policy decisions, the HLCA decided that no new sponge iron units would be allowed in the state and no expansion would be permitted for the existing plants.
Similarly, it was decided that power plants using coal processed from washeries would make available 33 per cent of the energy generated by them to the state free, the sources said.