Kolkata: Adhunik Thermal and Power Ltd, a unit of Adhunik Group, today said it would invest Rs 4,500 crore for setting up a 1,000 MW power plant in Jharkhand.
The plant, to be located at Kandra in Saraikela-Kharswan district, would come up in two phases. The company has already placed an order for a 2x135 MW unit to be set up in the company premises, Group Managing Director Manoj Agarwal said.
He said the company has been allotted coal mines jointly with Tata Steel and the process of getting environmental clearances and land acquisition is underway.
Describing the expansion plans of the Group, Agarwal said Adhunik Alloys and Power Ltd would also add two waste heat recovery boilers to generate 30 MW (2x15 MW) power out of waste gases, which will save around 11,000 tons of coal per month.
The boilers would help in keeping pollution levels at zero, as well as aid in keeping the steel production cost low, Agarwal said.
He added that AAPL would also place two kilns of 350 ton per day each by next May, which will double their steel-making capacity from two lakh tons per annum to four lakh ton per annum.
Agarwal said the 2x15 MW power project is likely to be synchronised by March-end 2009. The automation plant will be state-of-art and a zero pollution unit, he said.
Adhunik Alloys and Power Ltd would also add 2x20 ton induction furnace along with billet caster and Ladder Redefining Furnace (LRF) for quality steel-making capacity.
The induction furnace is scheduled to be completed by February next, he said, but did not reveal the investment size.