Aluminium major Hindalco is keen to set up a plant in Chhattisgarh, good news that comes close on the heels of a record Rs.145 billion ($3 billion) investment in a single day in the state.
"Hindalco wants to have a one- million-tonne per annum capacity plant in state. We have assured that we will provide all facilities, including bauxite raw mining stocks of Surguja and Kawardha districts," Chhattisgarh's Finance and Industry Minister Amar Agrawal told IANS.
He added that a Hindalco team had toured the state twice during the past three months to select plant sites and assess the raw mining stocks.
"Talks with Hindalco are at a very preliminary stage, the government wants it to set up a plant in the state and now it's up to the company to take an early decision and select plant sites," Agrawal stated.
Chhattisgarh has huge stocks of bauxite raw material in the Surguja and Kawardha districts from where the Sterlite group controlled-Bharat Aluminium Company (BALCO), based in Korba, is getting cent percent bauxite for its annual 100,000 million tonne production.
BALCO is currently expanding its smelter units with Chinese technology, with a Rs.45 billion investment to raise its annual production to 3.5 million tonnes per annum by the end of this year to compete with two major rivals, Hindalco and the government-controlled National Aluminium Company (NALCO).
Chhattisgarh has emerged as a major investment destination for domestic and foreign investors with Rs.350 billion investment mostly in the steel and power sector during the past one and a half years.
Tata Steel signed a memorandum of understanding with the state government Saturday for setting up a five-million-tonne per annum capacity plant in one of the most backward and Maoist-infested regions of the country, Bastar, with Rs.100 billion investment.
The Indian Farmers Fertilisers Cooperative Limited (IFFCO) too inked papers with the Chhattisgarh State Electricity Board (CSEB) the same day for investing Rs.45 billion in a joint venture for setting up a super thermal power plant of 1,000 MW capacity in Surguja district.
Harvard students condemn Oxford University
Publish Date : 3/5/2007 7:11:00 AM
Two Harvard students, including an NRI, have condemned Oxford University, where they are Rhodes scholars, as "outdated" and "frustrating" and dismissed its world famous Bodleian library as "less than inspiring".
Indian embassy to outsource jobs to American firm
Publish Date : 3/5/2007 7:10:00 AM
After taking thousands of American jobs through outsourcing, India is planning to give a few back. The Indian embassy in the US capital is planning to outsource processing of visas to a US-based company.
Badal heads 18-member coalition ministry in Punjab(Final lead: Badal)
Publish Date : 3/3/2007 7:29:00 AM
Octogenarian leader of the Shiromani Akali Dal (SAD) Parkash Singh Badal, on Friday took oath as Punjab's new Chief Minister and will lead an 18-member SAD-Bharatiya Janata Party (BJP) coalition ministry.
Bareilly eunuch adopts a girl child
Publish Date : 3/3/2007 7:22:00 AM
It was a day of celebration for Saroj, a eunuch in Bareilly in Uttar Pradesh, as 'she' has become a 'mother' by adopting a baby girl.
Kalam offers prayer at Fatehpuri Masjid
Publish Date : 3/3/2007 7:16:00 AM
Keeping a promise made two years ago, President A P J Abdul Kalam today offered prayers at the historic Fatehpuri Masjid in Chandni Chowk here along with thousands of Muslims.
Union Budget directionless, says Modi
Publish Date : 3/1/2007 8:41:00 AM
Gujarat Chief Minister Narendra Modi today criticised the Union Budget by terming it as "directionless".
Centre allocates over Rs 100 crore for minority zones
Publish Date : 3/1/2007 8:38:00 AM
Unfazed by the BJP's criticism over its welfare schemes for Muslims, the Congress-led Central Government has allocated over Rs 100 crore for development programmes in select districts with a sizeable population of minorities.
Kins of political bigwigs fail to find voters' favour
Publish Date : 3/1/2007 8:27:00 AM
The assembly polls in Punjab turned out to be unkind for several kins of political bigwigs as voters rejected most of them barring some of Shiromani Akali Dal (SAD) supremo Parkash Singh Badal's near and dear ones.
High Court order on age of nursery admission tomorrow
Publish Date : 3/1/2007 8:24:00 AM
The Delhi High Court today observed that the city Government's submission that a child should be four-years-old to get admission in nursery class was contrary to the law.
Parliament session may be stormy tomorrow on Quattrocchi issue
Publish Date : 3/1/2007 8:18:00 AM
After the lull, it is going to be storm again in Parliament tomorrow.
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