Odisha HLCA Clears Rungta Mines Ltd Group’s Rs 7836.90 Crores Expansion Plan

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By Anurjay Dhal

RAJKANIKA/KENDRAPARA(ODISHA): The Jharkhand’s Chaibasa headquarters, Rungta Mines Ltd Group, India’s largest merchant mining group, was on Monday got a huge relief in Odisha, with the State’s 22nd High Level Clearance Authority (HLCA) meeting held under the Chairmanship of Chief Minister Naveen Patnaik in Bhubaneswar, 120 km from here,  approving the proposal for setting up an expansion of its Integrated Steel Plant project from 0.9 MTPA to 2.85 MTPA capacity, with Captive Power Plant of 385 MW and 1.69 MTPA Cement Plant (in two phases) at- Jharbandh, District-Dhenkanal with a total investment of Rs. 7836.90 crore providing employment of about 4900 people.

The Rungta Mines Ltd Group, which had lost at least half dozen running mines under Joda-Koira regions of State’s mineral rich Sundargarh-Keonjhar regions, in the last concluded bidding, following lease expired on March 31 this year, till has 2 running mines, which has lifespan of 15 years and more while the Big Merchant Miner is also eyeing on large share of 9 Virgin Blocks, which will be put for bidding after the lockdown gets over.

The HLCA has also approved the proposal of M/s. Dhunseri Ventures Limited for setting up Maleic Anhydride manufacturing unit with annual capacity of 60,000MT at Paradeep, with a total investment of Rs. 1013.29 crore providing employment to 350 people.

In the Footwear sector, the proposal of M/S Niren Kumar Anand,  for setting up Footwear manufacturing unit of capacity 1 Million pieces with an investment of Rs. 62.44 crore and employing around  620 people also got approval.

The proposal of M/s Kashvi International (P) Limited to set up an additional 1.2 MTPA Iron Ore Beneficiation Plant to its 0.6 MTPA Iron Ore Pelletization Plant, with an investment of Rs. 55.23 crore and providing employment to about 50 people also get HLCA nod.

 The proposal of M/s Purosteel India Pvt. Ltd is to set up a manufacturing unit such as tubes & Pipes PVD Coating, furniture fabrication, finished sheets & profiles, trimes plant with an investment of Rs. 53.42 crore providing employment opportunities for 200 people and proposal of M/s Odisha Carriers and Trade for setting up three logistics Park cum Fulfillment centres, with an investment of Rs. 80 crore and it will provide an additional employment opportunities for 405 people also approved.

 Chief Minister Patnaik announced to set up an inter-ministerial committee to look into the issues of bringing industries and MSMEs in the current pandemic situation and recommend appropriate suggestions for bringing them back on track. The Ministers who are members of HLCA will be the members of the inter-ministerial group.

The CM announced this at the State HLCA meeting which was convened on Monday. Finance Minister Niranjan Pujari, Energy Minister Shri Sushant Singh, Steel & Mines Minister Shri Prafulla Mallick, and  Minister of State, Industries & MSME, Shri Dibya Shankar Mishra will be the members of this group.

This was preceded by the 91st State Level Single Window Clearance Authority (SLSWCA) meeting chaired by Asit Kumar Tripathy, Chief Secretary, Government of Odisha which approved four more investment proposals worth Rs. 251.09 crore outlined by Hemant Sharma, Principal Secretary, Department of Industries, Government of Odisha. These proposals spread across Sectors like Metal & Metal Downstream, Textile & Apparel and Logistics & Infrastructure are likely to generate employment for about 1275 people. This also includes an investment from a Chinese sports shoe manufacturing company.

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