The Hindu Business Line : Maharashtra signs MoU with Ballarpur

(From right) The Maharashtra Chief Minister, Mr Vilasrao Deshmukh, with the Chairman, Ballarpur Industries Ltd, Mr Gautam Thapar, and the Managing Director, Mr R.R. Vederah, at the signing of memorandum of understanding with the Government of Maharashtra in connection with the brownfield expansion of their paper plant at a function in Mumbai on Friday. - Paul Noronha

Mumbai , Sept. 29

The Maharashtra Government and Ballarpur Industries Ltd (BILT) have signed a memorandum of understanding (MoU) for the capacity expansion of its paper plant at Bhigwan in Pune.

The proposed two-phase capacity expansion will cost Rs 1,200 crore. The plant produces coated and uncoated papers.

In the first phase, an additional 1.40 lakh tonnes capacity would be added at Bhigwan with an investment of Rs 500 crore. It would be operationalised by 2008. In the second phase, another 1.60 lakh tonnes capacity would be added with an investment of Rs 700 crore, scheduled to be operationalised post-2008.

Mr Anil Bhargava, Chief Executive Officer of BILT Power Ltd, said that the company would also build a 100 MW power plant at Bhigwan for additional power requirements. The fuel would be coal-sourced from the Indian and the Indonesian market.

In addition, the company is also setting up a 100 MW plant at the international cargo hub in Nagpur, he said.

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