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Sterlite Industries to invest Rs.1,000 crore in Uttaranchal

Wednesday, 24 May 2006
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Sterlite Industries, a Vedanta Resources Group company, plans to set up a manufacturing plant on an area of 1,468 acres of land at the Integrated Industrial Estate (IIE) in Hardwar district of Uttaranchal.

The project will entail an investment of Rs.1,000 crore. The company is likely to manufacture power transmission cables and sheeting covers.

Further details are awaited.

Other developments at IIE:

The IIE at Hardwar is an initiative of State Industrial Development Corporation of Uttaranchal (SIDCUL). For the IIE, Gherzi Eastern Ltd has been appointed as supervisory and consultancy agency for completing work on roads, drainage and water supply. For maintaining power load requirements, estimated at 120 MW, the Uttaranchal government is setting up a separate 220 kV substation with two independent feeders, which will be completed by January 2007. In addition to this, six small 33/11 kV sub-stations will also be installed. A central effluent treatment plant is also being set up.

The government will also provide facilities like office buildings, shopping mall, plaza, recreation facilities, hotels and restaurants, banks and ATM counters, transport plaza and  IT/Telecom centres.

The Hardwar IIE will have 822 plots in which 29 companies, including Hindustan Lever and Mahindra & Mahindra, have started production. Another 173 have started construction while a total of 277 companies have been given possession of industrial plots.

 

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