Nalco to invest Rs.5522 Crore in its Aluminum Downstream unit in KamakhyaNagar, Gets Govt nod

Bhubaneswar:  Public Sector Aluminium major Nalco has proposed to set up a downstream unit in KamakhyaNagar of Dhenkanal District. The proposal was among the 7 projects cleared yesterday by the State Level Single Window Clearance Authority (SLSWCA).

A The proposed unit will manufacture aluminum alloy wheel, aluminum foil, aluminum rolled products near Kamakhyanagar, Dhenkanal with an investment of Rs 5,522 crore was recommended by the committee. The proposal will create employment opportunities for 1,761 people, it said.

The seven investment proposals involve a cumulative investment of Rs 7,416 crore which would generate employment opportunities for 4,454.
The State Nod to these projects came during the 80th meeting of the State Level Single Window Clearance Authority (SLSWCA) held under the chairmanship of Chief Secretary Aditya Prasad Padhi yesterday.

The SLSWCA gave nod to a Hyderabad-based company to set up a manufacturing unit for pre-engineered building (PEB) including structural steel members at an investment of Rs 58 crore at Cuttack. The plant’s production capacity will be 50,000 MT per annum and the project will create direct and indirect employment for 550 people. This will add value to the primary metal being produced in the state, it said.

A Kolkata-based company’s proposal to establish a manufacturing unit for Polypropylene (PP) woven bags at Paradip Plastic Park also received the SLSWCAs nod. The unit will invest Rs 72 crore and create direct and indirect employment opportunities for 625 people.

This is indicative of rising investor interest in Paradip Plastic Park after groundbreaking was done for two units last month, it said. Another proposal that got approval was that of a Kolkata-based company which aims to set up a plant of 8,000 TPA capacity of ductile iron fittings at Kalinganagar Industrial Complex, Jajpur with an investment of Rs 51 crore and potential to create job opportunities for 615 people.

A Ghaziabad-based company’s proposal to establish 0.3 Million Tonne Per Annum (MTPA) rolled and processed steel plant, 0.12 MTPA and an LPG cylinder manufacturing unit with capacity of 2,500 cylinders per annum was also cleared. The cumulative investment committed by the firm was Rs 238 crore with direct and indirect job opportunities for 270 people. A proposal approved in the meeting belonged to a Kolkata-based group which proposed to set up a 4 MTPA iron ore pelletisation plant at Dhenkanal with an investment of Rs 625 crore and potential to create employment opportunities for 167 people. Another proposal of the same group to set up a 4 MTPA iron ore beneficiation plant at Sundargarh and laying of 200 km iron ore slurry pipeline in Dhenkanal at an investment of Rs 850 crore also received approval. This project will generate direct and indirect employment for 466 people, said an official.