Vedanta commences Rs300 cr township project in Orissa

Vedanta commences Rs300 cr township project in Orissa
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First Published: Sun, Nov 02 2008. 05 27 PM IST
Updated: Sun, Nov 02 2008. 05 27 PM IST
PTI
New Delhi: In the midst of implementing a $4 billion aluminium project in Orissa, NRI Anil Agarwal-led Vedanta group has started a Rs300-crore township project with the support of a Chinese firm to accommodate its over a 1,000 engineers and technical workforce.
Claiming that the project would be comparable if not better than what Mukesh Ambani-led RIL developed at Jamnagar in Gujarat, group company Vedanta Aluminium is importing services of China’s leading architect firm ECADI at a time when reality majors are reeling under a slump.
“We at Vedanta feel it is our duty not only to provide a conducive working atmosphere, but also best living comforts,” company’s Director and CEO M Siddiqi said, adding, the township project would be completed by end of next year.
The township project, a concept popularised by PSUs in India, is crucial for the overall Aluminium unit, first stage of which has already been commissioned and the second stage is targeted for completion next year, to attract and retain talent in the backward area of Jharsuguda in Orissa.
The Vedanta project envisages providing sophisticated and urban living accommodations and amenities to over 1,400 employees, who are already stationed at Jharsuguda aluminium plant.
The metals and mining major plans to pump in a whopping $4 billion to ramp up the capacity of its aluminium smelter to 1.8 million tonne by 2010.
At present, its operational capacity is 2,50,000 tonne, which would go up to 5,00,000 tonne by March 2009.
For meeting its power requirement, the company has set up a 675 MW power plant, the capacity of which will go up to 1,215 MW post-commissioning of the smelter’s first phase expansion.
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First Published: Sun, Nov 02 2008. 05 27 PM IST