Report by Odisha Diary bureau, Bhubaneswar: Chairman of Jindal Steel and Power Limited (JSPL) Naveen Jindal on Tuesday meets Odisha Chief Secretary JK Mohapatra. Mr. Jindal discussed about the development of JSPL’s Angul plant.
Later speaking to media Naveen Jindal said that JSPL’s Angul plant to reach 6 MTPA capacity by 2015. Jindal said JSPL has already completed 2.5 metric tonne per annum (MTPA) capacity addition in the first phase of its proposed 6 MT per annum greenfield integrated steel project at Angul.
At the same time, he disclosed that a Memorandum of Understanding (MoU) to set up an ambitious Rs 75, 000 crore Coal to Liquid (CTL) project was likely to be signed with the State Government during the current year.
Jindal, after holding a discussion with Chief Secretary Jugal Kishore Mohapatra on the progress in the construction of the steel project and the linkage of raw material, told newsmen that some critical units of the steel mill at Angul had already been completed and the construction of the first phase of the steel project was going on war footing. The first phase is likely to go on steam very soon, he said, adding that the upgrading of the plant to 6 MTPA would be completed by end of 2015.
Jindal said that the company had already invested Rs 20,000 crore in the first phase of the steel project, the cost of which has already increased by Rs 15 ,000 crore due to the delay. The construction of the steel plant is being undertaken on war footing by engaging 20,000 workmen, he revealed.
According of official sources, the project is being delayed due to lack of coal block allocation and coal linkage. While the Union Coal Ministry had reviewed the coal block and the execution deed was pending with the State Government, Jindal is trying to request the State Government to impress upon the Union Coal Ministry to ensure that the allocated coal block in question is not cancelled. Similarly, the company is also trying to tie up with the OMC for iron ore linkage.
On the CTL project, Jindal hoped to sign the MoU with the State Government during the current year. However, he refused to give any specific date for the deal for the CTL project to be set up in Angul district.
According to the company sources, though the company had expected to get prospecting license (PL) soon for the Ramchandi coal block allocated for the CTL project, the review by the Central Government had come as a road block. Jindal hoped that the State Government would take initiative so that the allocation was not cancelled.
Notably, the JSPL is facing a problem of getting raw material for the CTL project as the State Government had recently held up processing of the Ramchandi coal block in the wake of CBI inquiry into the alleged irregularities.
To a question, Jindal rejected the CAG report of revenue loss in the coal block allocation by the Coal Ministry. He said that rather with the allocation and development of the coal block, it would yield a lot of benefits in the development of infrastructure, implementation of various projects in power and steel sector, provision of jobs for local people and generation of revenue for the State as well as the Center.
Jindal also hailed the Posco project. The setting up of the Posco steel mill is a good sign which would create positive environment in the industrial sector in Odisha, he said.
Later speaking to media Naveen Jindal said that JSPL’s Angul plant to reach 6 MTPA capacity by 2015. Jindal said JSPL has already completed 2.5 metric tonne per annum (MTPA) capacity addition in the first phase of its proposed 6 MT per annum greenfield integrated steel project at Angul.
At the same time, he disclosed that a Memorandum of Understanding (MoU) to set up an ambitious Rs 75, 000 crore Coal to Liquid (CTL) project was likely to be signed with the State Government during the current year.
Jindal, after holding a discussion with Chief Secretary Jugal Kishore Mohapatra on the progress in the construction of the steel project and the linkage of raw material, told newsmen that some critical units of the steel mill at Angul had already been completed and the construction of the first phase of the steel project was going on war footing. The first phase is likely to go on steam very soon, he said, adding that the upgrading of the plant to 6 MTPA would be completed by end of 2015.
Jindal said that the company had already invested Rs 20,000 crore in the first phase of the steel project, the cost of which has already increased by Rs 15 ,000 crore due to the delay. The construction of the steel plant is being undertaken on war footing by engaging 20,000 workmen, he revealed.
According of official sources, the project is being delayed due to lack of coal block allocation and coal linkage. While the Union Coal Ministry had reviewed the coal block and the execution deed was pending with the State Government, Jindal is trying to request the State Government to impress upon the Union Coal Ministry to ensure that the allocated coal block in question is not cancelled. Similarly, the company is also trying to tie up with the OMC for iron ore linkage.
On the CTL project, Jindal hoped to sign the MoU with the State Government during the current year. However, he refused to give any specific date for the deal for the CTL project to be set up in Angul district.
According to the company sources, though the company had expected to get prospecting license (PL) soon for the Ramchandi coal block allocated for the CTL project, the review by the Central Government had come as a road block. Jindal hoped that the State Government would take initiative so that the allocation was not cancelled.
Notably, the JSPL is facing a problem of getting raw material for the CTL project as the State Government had recently held up processing of the Ramchandi coal block in the wake of CBI inquiry into the alleged irregularities.
To a question, Jindal rejected the CAG report of revenue loss in the coal block allocation by the Coal Ministry. He said that rather with the allocation and development of the coal block, it would yield a lot of benefits in the development of infrastructure, implementation of various projects in power and steel sector, provision of jobs for local people and generation of revenue for the State as well as the Center.
Jindal also hailed the Posco project. The setting up of the Posco steel mill is a good sign which would create positive environment in the industrial sector in Odisha, he said.
Report by Odisha Diary bureau, Bhubaneswar: Chairman
of Jindal Steel and Power Limited (JSPL) Naveen Jindal on Tuesday meets
Odisha Chief Secretary JK Mohapatra. Mr. Jindal discussed about the
development of JSPL’s Angul plant.
Later speaking to media Naveen Jindal said that JSPL’s Angul plant
to reach 6 MTPA capacity by 2015. Jindal said JSPL has already completed
2.5 metric tonne per annum (MTPA) capacity addition in the first phase
of its proposed 6 MT per annum greenfield integrated steel project at
Angul.
At the same time, he disclosed that a Memorandum of Understanding
(MoU) to set up an ambitious Rs 75, 000 crore Coal to Liquid (CTL)
project was likely to be signed with the State Government during the
current year.
Jindal, after holding a discussion with Chief Secretary Jugal
Kishore Mohapatra on the progress in the construction of the steel
project and the linkage of raw material, told newsmen that some critical
units of the steel mill at Angul had already been completed and the
construction of the first phase of the steel project was going on war
footing. The first phase is likely to go on steam very soon, he said,
adding that the upgrading of the plant to 6 MTPA would be completed by
end of 2015.
Jindal said that the company had already invested Rs 20,000 crore
in the first phase of the steel project, the cost of which has already
increased by Rs 15 ,000 crore due to the delay. The construction of the
steel plant is being undertaken on war footing by engaging 20,000
workmen, he revealed.
According of official sources, the project is being delayed due to
lack of coal block allocation and coal linkage. While the Union Coal
Ministry had reviewed the coal block and the execution deed was pending
with the State Government, Jindal is trying to request the State
Government to impress upon the Union Coal Ministry to ensure that the
allocated coal block in question is not cancelled. Similarly, the
company is also trying to tie up with the OMC for iron ore linkage.
On the CTL project, Jindal hoped to sign the MoU with the State
Government during the current year. However, he refused to give any
specific date for the deal for the CTL project to be set up in Angul
district.
According to the company sources, though the company had expected
to get prospecting license (PL) soon for the Ramchandi coal block
allocated for the CTL project, the review by the Central Government had
come as a road block. Jindal hoped that the State Government would take
initiative so that the allocation was not cancelled.
Notably, the JSPL is facing a problem of getting raw material for
the CTL project as the State Government had recently held up processing
of the Ramchandi coal block in the wake of CBI inquiry into the alleged
irregularities.
To a question, Jindal rejected the CAG report of revenue loss in
the coal block allocation by the Coal Ministry. He said that rather with
the allocation and development of the coal block, it would yield a lot
of benefits in the development of infrastructure, implementation of
various projects in power and steel sector, provision of jobs for local
people and generation of revenue for the State as well as the Center.
Jidnal also hailed the Posco project. The setting up of the Posco
steel mill is a good sign which would create positive environment in the
industrial sector in Odisha, he said.
Report by Odisha Diary bureau, Bhubaneswar: Chairman of
Jindal Steel and Power Limited (JSPL) Naveen Jindal on Tuesday meets
Odisha Chief Secretary JK Mohapatra. Mr. Jindal discussed about the
development of JSPL’s Angul plant.
Later speaking to media Naveen Jindal said that JSPL’s Angul plant
to reach 6 MTPA capacity by 2015. Jindal said JSPL has already completed
2.5 metric tonne per annum (MTPA) capacity addition in the first phase
of its proposed 6 MT per annum greenfield integrated steel project at
Angul.
At the same time, he disclosed that a Memorandum of Understanding
(MoU) to set up an ambitious Rs 75, 000 crore Coal to Liquid (CTL)
project was likely to be signed with the State Government during the
current year.
Jindal, after holding a discussion with Chief Secretary Jugal
Kishore Mohapatra on the progress in the construction of the steel
project and the linkage of raw material, told newsmen that some critical
units of the steel mill at Angul had already been completed and the
construction of the first phase of the steel project was going on war
footing. The first phase is likely to go on steam very soon, he said,
adding that the upgrading of the plant to 6 MTPA would be completed by
end of 2015.
Jindal said that the company had already invested Rs 20,000 crore
in the first phase of the steel project, the cost of which has already
increased by Rs 15 ,000 crore due to the delay. The construction of the
steel plant is being undertaken on war footing by engaging 20,000
workmen, he revealed.
According of official sources, the project is being delayed due to
lack of coal block allocation and coal linkage. While the Union Coal
Ministry had reviewed the coal block and the execution deed was pending
with the State Government, Jindal is trying to request the State
Government to impress upon the Union Coal Ministry to ensure that the
allocated coal block in question is not cancelled. Similarly, the
company is also trying to tie up with the OMC for iron ore linkage.
On the CTL project, Jindal hoped to sign the MoU with the State
Government during the current year. However, he refused to give any
specific date for the deal for the CTL project to be set up in Angul
district.
According to the company sources, though the company had expected
to get prospecting license (PL) soon for the Ramchandi coal block
allocated for the CTL project, the review by the Central Government had
come as a road block. Jindal hoped that the State Government would take
initiative so that the allocation was not cancelled.
Notably, the JSPL is facing a problem of getting raw material for
the CTL project as the State Government had recently held up processing
of the Ramchandi coal block in the wake of CBI inquiry into the alleged
irregularities.
To a question, Jindal rejected the CAG report of revenue loss in
the coal block allocation by the Coal Ministry. He said that rather with
the allocation and development of the coal block, it would yield a lot
of benefits in the development of infrastructure, implementation of
various projects in power and steel sector, provision of jobs for local
people and generation of revenue for the State as well as the Center.
Jidnal also hailed the Posco project. The setting up of the Posco
steel mill is a good sign which would create positive environment in the
industrial sector in Odisha, he said.
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