Financial Daily from THE HINDU group of publications
Thursday, Sep 29, 2005

Port Info

Group Sites

Government - Policy
Industry & Economy - Steel

Orissa clears steel projects

Our Bureau

Bhubaneswar , Sept. 28

THE Orissa Government has cleared proposals by private companies for the establishment of two more steel plants and a titanium complex in the State.

The proposals were cleared on Monday by a high-level project clearance authority headed by the Chief Minister, Mr Naveen Patnaik. As per the decision, Rungta Mines Ltd will set up a 2 million tonnes per annum (mtpa) steel plant in Sundargarh and Dhenkanal districts, and Bhusan Steel and Strips Ltd will set up a 3.1-mt steel plant in Dhenkanal district.

The authority also cleared a titanium complex project to be set up by Titanium Mineral Products Ltd in Ganjam district with an investment of Rs 1,003 crore.

The three companies will sign agreements with the State Government shortly, said the Steel and Mines Minister, Mr Padmanabha Behera.

The clearance authority has also permitted the enhancement of the capacity of a steel plant project of Jindal Steel and Power Ltd from the proposed 2 mt to 6 mt. The company has already signed a memorandum of understanding for the project.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Orissa clears steel projects

AP proposes permanent housing in flood-hit areas
Left says vote on Iran will have severe implications
LNG deal still in force: Iran
AP Govt pays tribute to Lal Bahadur Shastri
AP: Stanley Babu re-designated

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line