Business   

Orissa signs MoUs for five more steel plants

Staff Reporter

The earlier MoU signed with Jindal Steel was revised to increase capacity of the plant

BHUBANESWAR: The Orissa Government on Thursday signed five memoranda of understanding (MoUs) with different private companies for establishment of five more steel plants in the State.

These include: Rungta Mines Ltd (two plants of one million tonnes per annum at Kamando in Sundargarh district and Jharband in Dhenkanal district); Stats Steel India (P) Ltd (five lakh tpa at Tangi, Cuttack); Jai Balaji Jyoti Steels Ltd (3.3 lakh tpa at Tainsar, Sundargarh); Brand Alloys Ltd (2.7 lakh tpa at Palaspanga, Keonjhar); and Eastern Steels & Power Ltd (2.5 lakh tpa at Lahandabud, Jharsuguda).

The MoU signed earlier with Jindal Steel and Power Ltd was revised to increase the capacity of the steel plant from two million tonnes to six million tonnes. An agreement was also signed with Bhushan Steel & Strips Ltd for the setting up of a three million tonnes capacity steel plant at Meramundali in Dhenkanal district. The MoU for the project was signed earlier.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Cabinet nod for infrastructure SPV
India invited to be partner country at Hannover Fair
National Investment Fund approved
Rupee little changed
Jute delegation for Chile, Peru
U.S. to retain penal tariff on Indian shrimp
Continental's non-stop Delhi-New York service
Security Group, Trojan Securities form venture
Steel capacity aimed at 100 mt
Orissa signs MoUs for five more steel plants
Exchange rates
Bullion rates
Sun Microsystems pact with Infozech Software
Cybernet to increase headcount
Karvy Commodities branch in Chennai
Emami plans for BoroPlus brand
Goel is GAIL's Director (Finance)
Marginal dip in inflation
ONGC, CIL sign pact
BHEL bags Haldia contract

Copyright © 2005, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu