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Orissa govt approves project with investment of Rs 1.36 Trillion

Orissa govt approves project with investment of Rs 1.36 Trillion
PTI
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First Published: Wed, May 04 2011. 07 05 PM IST
Updated: Wed, May 04 2011. 07 05 PM IST
Bhubaneswar: The Orissa government on Wednesday approved nine new projects, including coal-to-liquid (CTL), steel and aluminium units, involving a total investment of Rs 1.36 trillion.
The projects got the final nod at a meeting of the high-level clearance authority chaired by chief minister Naveen Patnaik, Industries secretary T Ramachandru said.
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 crore 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 6,500 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 6,700 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.
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First Published: Wed, May 04 2011. 07 05 PM IST