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Adhunik roll over prize
Bhubaneswar:31/December/2009

Ahunik Group is on roll over prizes.

Out of the 19 major projects were cleared by the SLSWCA, two goes to the Group, which is producing and marketing steel products with an annual turnover of Rs.2300 crore.

The State Level Single Window Clearance Authority (SLSWCA) on 31 December favoured the Group with its proposal to set up 1000 megawatt (MW) thermal power plant at Birmaharajpur in Sonepur district.

Adhunik Power & Natural Resources Limited (APNRL) has proposed to invest Rs.3883.40 crore for the 4x250 MW plant in Western Odisha.

Earlier the Group has proposed to set up power plant at Bonth in Bhadrakh district.

However due to paucity of water the Group ultimately favoured Birmaharajpur and it will be able to draw water from River Mahanadi.

And Sonepur is a No-Industry district, which will be beneficial for the project proponent.

Adhunik Metaliks Limited (AML), another member of the Group has proposed to set up Down Stream Park for stainless and special products with an investment of Rs.286 crore.

The SLSWCA approved the proposal, which will favour downstream industries in hot-rolling, cold-rolling utensils, kitchen and hardware.

AML has also proposed for stainless steel pipes and alloys, which received the nod.

The park will be set up at Kumarmunda in a 300 acre area in Sundargarh district.

AML is setting up steel plant at Kumarmunda with a capacity of 0.41 million ton per annum (MTPA).

The downstream park will be sourcing water from the River Koel, which will be made available, said sources.

The project will be completed within 3 years and it will provide 5700 jobs, once the Greenfield project will be in full swing.

 
 

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EDITOR : Braja Kishore Mishra

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