Billionaire Anil Agarwal-controlled Vedanta Resources has decided not to pursue a proposal to build a Rs 20,000-crore five-million-tonne steel project in Orissa in view of its strategy to focus on non-ferrous and iron ore businesses, two highly-placed sources in the company said today.
A Chinese cargo ship carrying over 5000 metric tonnes (MT) of project cargo has been stranded 30 nautical miles off the Bengal coast since June 13. The Kolkata Port Trust has not been able to provide pilots to guide it into the Haldia port due to inclement weather. The consignment is meant for a 4x600 MW power plant and a half-million tonne aluminium smelter for projects coming up at Jharsuguda in Orissa.
National Aluminium Company (Nalco) is exploring the possibility of setting up a greenfield aluminium smelter and captive power plant near Jharsuguda, western Orissa at an investment of more than Rs 14,000 crore. The capacity of the proposed smelter is pegged at 5 lakh tonnes per annum with a captive generation facility of 1,250 mw. The alumina required for the project is likely to be sourced from Nalco's existing refinery at Damanjodi. Engineer's India (EIL), which has been appointed the consultant, has found the project technically feasible.
JHARSUGUDA: Hundreds of villagers locked gates 1 and 2 of Vedanta Aluminium Limited protesting ash emission from the 600 mega watt unit of Independent Power Plant of Sterlite Energy Limited (SEL) on Wednesday.
BHUBANESWAR: EVEN as the Sterlite Energy Limited (SEL) shut down its newly commissioned power plant at Jharsuguda following public protest, the drastic fall in the supply of power from the Vedanta Aluminium
BHUBANESWAR: The State continues to have a shortage of power due to breakdown in several generating units of NTPC at Farakka, Kahalgaon, Kaniha and Ib thermal power station at Banharipali in Jharsuguda district.
There was a shortage of more than 150 MW during the evening peak despite the hydro power stations providing 1,250 MW.
JHARSUGUDA: Villagers of Charla in the district have threatened to stop coal production at pit no. 5 under Belpahar Open Cast Project of (BOCP) Mahanadi Coalfields Limited from May 23 demanding immediate disbursement of compensation and job to oustees.
The Power Grid Corporation of India Limited (PGCIL) will invest about Rs 9,000 crore in the State for developing power evacuation facility.
In the first phase, the central PSU will construct 765 KV sub-stations at Jharsuguda and Angul with an estimated cost of Rs 6,000 crore for evacuation of power from the new power plants coming up there. The projects are expected to be operational
