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JV signed for Rs 450-cr sand mining project in Odisha

Project to be developed by two State-owned firms- IREL and IDCOL

Jayajit Dash  |  Bhubaneswar 

sand mining
Representative image.

Two State-owned firms- the Ltd (IDCOL) and the (IREL)- inked a (JV) agreement to explore beach sand

The has been approved by the Niti Aayog and the Naveen Patnaik-led state government in would have 51 per cent equity, while the remaining would belong to the IDCOL.

IDCOL has already prepared the pre-feasibility report for the setting up of a mineral separation plant with an estimated cost of Rs 450 crore. The project has the potential to create employment for 400 people.

IDCOL has submitted applications for gaining mining rights for around 5,995 hectares of land along the coast in The has mineral separation units in Odisha, Tamil Nadu and Kerala. Initially, IDCOL had plans of undertaking in 1,257 hectares of land. The estimated reserve, in the proposed area, consists of more than 100 million tonnes of heavy minerals- mostly untapped.

The mineral separation plant will be set-up in village areas of Gokhurpada, Mayurpada, Kontiagarh and Prayagi in district.

The pre-feasibility report prepared by IDCOL envisages raw sand processing of five million tonnes per annum. The mineral separation plant would produce 0.2 million tonnes of Ilmenite; 40,000 tonnes of Garnet; and 30,000 tonnes of Silimanite. Besides these, the plant is also slated to produce 7,000 tonnes of Rutile, 8,000 tonnes of Zircon and 5,000 tonnes of Monazite. According the report, the development and construction period would run for at least two year.

Apart from generating employment in unskilled, semi-skilled, supervisory and managerial categories, the project would also open up opportunities for downstream units.

First Published: Wed, November 29 2017. 19:41 IST