IMFA Group is planning to invest
Rs.170 crore in setting up a 30 MW power plant and a 30 MVA furnace at its ferro
chrome manufacturing facility at Choudwar in Cuttack district of Orissa.
Orders have been placed for the
proposed furnace, which will entail an investment of Rs.60 crore. The power
plant of 30 MW capacity will be set up with an investment of Rs.110 crore. It
will run on coal and coal washery rejects and waste heat gas that will be
recovered. The new furnace and the power unit is expected to be operational by
March 2009.
IMFA is the largest producer of ferro
chrome and ferro alloys and already operates five furnaces at Choudwar and
Therubali, in Orissa. The five furnaces have a combined capacity of 157 MVA
(mega volt amperes).