Hy-Grade Pellets (HGPL), an Essar group company,
has proposed to set up a greenfield steel plant in Orissa. An MoU to this effect
was signed with the Orissa state government, on 21 April 2005.
HGPL will set up a 4 million tpa steel plant at
Paradip for which iron ore requirements, estimated at 6 million tonnes per year,
would be purchased from Orissa Mining Corporation. The project also includes a
1,000 MW power plant at Talcher in Angul district.
The project, coming up on 2,500 acres of land, is
estimated to commission within four years.
Also See:
Yet
another steel plant in Orissa (22-Apr-05)