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POSCO India mired in Land issues |
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POSCO India’s mega steel project in Orissa is mired in land acquisition issues. POSCO and Orissa government had signed an MoU for the project way back in 2005. However, the state government’s failure to acquire the required land of 2,700 acres has made the largest FDI proposal a non-starter.
So far, Orissa government has acquired 2,100 acres of land and has transferred 546 acres to POSCO India. However, POSCO India has expressed its inability to commence the project implementation work unless it gets the required 2,700 acres.
According to the original MoU, POSCO India was to set up a 12 million tpa steel project supported by port facilities at a total cost of around Rs 50,000 crore. The total land required by integrated steel project was 4,004 acres. The delay in execution of project and the growing opposition from the local land owners made POSCO to rework the investment plans to set up a steel mill capacity of 8 million tpa spread across 2,700 acres.
Delays in the implementation of the integrated steel project in Orissa have also forced POSCO to look at other states like Karnataka, Madhya Pradesh and Gujarat for housing its steel project. POSCO is exploring possibilities of setting up a steel mill in Karnataka and a few other states. Its galvanized steel unit at Raigad in Maharashtra has already commenced commercial production and the cold–rolling steel mill at Raigad is expected to be ready in 2014. |
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Project Developments in Energy Sector |
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- Shri Sant Tukaram SSK invited bids for setting up bagasse based co-generation with a capacity of 15 MW on turnkey basis in Pune.
- X L Telecom has decided to put on hold its 130 MW solar energy equipment project in Hyderabad due to unfavorable marketing condition.
- Cirus Solar Systems will set up a 6.6 MW solar based power unit in Nalgonda district, Andhra Pradesh.
- Mecon on behalf of NMDC has invited EoIs for setting up 2x250 MW Thermal power station in Uttar Pradesh.
- BHEL bagged a major contract from Nabinagar Power Generation Company, a JV of NTPC and the Bihar State Electricity Board. The JV is setting up the 1,980 MW Nabinagar supercritical coal based power project (STPP) in Bihar.
- Mizuho Financial Group signed an MoU with Government of Gujarat for setting up a solar power plant in state. The company is planning to construct a 200 MW solar plant in Gujarat.
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Project Developments in Infrastructure Sector |
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- NHAI invited bids for construction of two laning of Alappuzha bypass in Kerala.
- Gujarat Maritime Board (GMB) has invited bids from consultants for preparation of master plan for development of a new Port in Bhavnagar, Gujarat.
- Rail Vikas Nigam (RVNL) invited bids for construction and electrical works at Danapur division, Bihar.
- Haryana Vidyut Prasaran Nigam (HVPNL) invited bids for fibre optic cabling package under strengthening of communication system for Haryana Vidyut Prasaran Nigam.
- A consortium of Technip, Afcons Infrastructure and TH Heavy Engineering Berhad has secured a Rs 1500 crore contract for redevelopment process platform project in the Arabian Sea.
- The Public Works Department (PWD), Maharashtra invited RfQs for improving road in Maharashtra.
- The Jharkhand Government invited bids for construction of Kharkai Barrage in the state.
- The Karnataka Urban Water Supply & Drainage Board (KUWSDB) invited bids for water supply scheme at Tumkur district of Karnataka.
- B.L. Kashyap and Sons has secured contracts worth Rs 900 crore. They were,
- for the construction of residential complexes in Chennai,
- Construction of commercial and buildings for special economic zone in Bangalore, Hyderabad and the National Capital Region and
- Construction of industrial buildings in Rajasthan.
- Supreme Infrastructure has secured six contracts worth worth Rs 505.25 crore. They were,
- Rs 267 crore contract from Central Public Works Department for building additional office complex for Supreme Court of India, New Delhi,
- Construction of Metro Rail depot cum workshop at Kalindi Kunj for MRTS project phase – III,
- Construction of a multi-storied residential building (Falcon view-Phase I) in Mohali Punjab,
- Construction of IT twin towers at Chandigarh,
- Construction of two RCC box bridge at Jodhpur and
- Development of drainage at Digha, West Bengal
- McNally Bharat Engineering Company received a contract for complete operation of coal handling plant.
- McNally Bharat Engineering received an order for Civil & Structural Works for a refinery project.
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Project Developments in Manufacturing Sector |
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- Amway India is setting up a Rs 500 crore greenfield manufacturing facility at Nilakottai in southern Tamil Nadu.
- Cera Sanitaryware will be investing Rs 150 crore for expanding its manufacturing capacities at its facility in Kadi, Gujarat by 2016.
- Advics North India proposes to set up an internal combustion piston engines unit with a capacity of 9.6 lakh
- numbers per year at Haryana State Industrial Development Corporation's (HSIDC) IMT Manesar.
- Onida plans to set up a greenfield manufacturing facility in Maharashtra to produce one million air conditioners.
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| Quote of the week : |
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“Continuing its strong intent and resolve for setting up the planned integrated steel project in Jagatsinghpur district of Orissa, Posco India is hopeful to soon get the required land for the first- stage 8-MPTA steel plant and start land preparation work soon.”
- Yong Won Yoon, CMD, POSCO-India
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