Sree Metaliks (SML) intends to set up a 540 MW (2x270 MW) coal based power plant at an investment of around Rs 2,500 crore, at Chardia village in Bhadrak district of Orissa.

SML has identified 750 acre at Chardia village for the project which is likely to have the power plant, a township and a desalination plant. Land acquisition is to be completed within six months.

Construction work on the power plant is to commence by March 2011 and the Unit I of the plant is likely to begin operations within two years. It is planning to use a mix of imported and indigenous coal for the power project. Currently, the company is scouting for coal mines in Mozambique.

Besides, SML has lined up an investment of Rs 960 crore to set up a 0.7 million tpa integrated steel plant, 2x0.6 million tpa pelletisation plant (in two phases), 1.0 million tpa iron ore beneficiation plant and a 50 MW captive power plant at Anra. Unit I of the pelletisation plant is slated to go on stream by June 2010. These projects are expected to be operationalised within four years.

The total land requirement for the steel plant, pelletisation plant and the iron ore beneficiation plant is 480 acre. While SML has already acquired 225 acre at Anra through direct purchase, the remaining land is being acquired by Orissa Industrial Infrastructure Development Corporation.

These projects have already received the State Level Single Window Clearance Authority of the Orissa Government. SML has got the mining lease for the Khandabandh iron ore mines.

Related Links:
Project profile