CCI lauds Odisha's efforts to expedite large projects

60 projects reviewed including that of Posco

BS Reporter Bhubaneswar
Last Updated : Sep 05 2014 | 11:28 PM IST
The project monitoring group (PMG) of the Cabinet Committee on Infrastructure (CCI) has lauded the efforts of the Odisha government in facilitating execution of large investment projects in Odisha.

The CCI team headed by Anil Swaroop, additional secretary at the Cabinet secretariat today jointly scrutinised the progress of 60 projects along with top state officials.

Projects with investments exceeding Rs 1000 crore were taken up for review.

Also Read

These projects were across sectors like steel, power, coal and railways.

“I think that the approach of the state government in dealing with the progress of large projects is extremely positive. The state government has fixed timelines for implementation of each project”, Swaroop said after the meeting.

Posco's 12 million tonne mega steel plant was among the 60 projects that came up for discussion.

The South Korean steel major has, in the first phase, proposed to develop an eight million tonne steel plant and had sought 2700 acres land. Despite land allotment by the state government, the project has been delayed chiefly due to delay in grant of prospecting license (PL) over the Khandadhar iron ore deposits by the Union ministry of mines.

For the 4000 Mw ultra-mega power plant (UMPP) to be set up at Bhedabahal in Sundargarh district, slow disbursement of compensation to the land owners has delayed its progress. The state's land acquisition agency Odisha Industrial Infrastructure Development Corporation (Idco) has informed that the land acquisition process for the UMPP is on the verge of completion.

Other projects that were vetted include oil refinery of Indian Oil Corporation Ltd (IOCL), thermal power projects of NSL, Lanco Babandh Power Limited, KVK Nilachal Power Pvt Ltd, steel projects of Essar Steel, Visa Steel, Jindal Steel & Power Ltd (JSPL) and rail projects like Angul-Sukinda, Paradeep-Haridaspur and Talcher-Bimlagarh.

Issues relating to forest clearance, environment clearance, raw material linkages and land acquisition in respect of these projects were discussed.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 05 2014 | 8:39 PM IST

Next Story