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New SME Park to come up in Orissa

October 20, 2009 | COMMENTS ( 0 )

New SME Park to come up in Orissa

Bhushan Steel Ltd (BSL) has proposed to the Orissa government for establishing a ‘SME Steel Park’ around its steel project at Meramundali in Dhenkanal district.  

With steel companies taking an interest in the state, the ancillary industries in Orissa is expected to get a boost.  

BSL is setting up a 3 million tonne steel plant at an investment of Rs 5828 crore. It has already attained 0.5 million tonne per annum (mtpa) steel and 1 mtpa sponge iron capacity along with commissioning of a 110 Mw captive power plant (CPP). 

The company had signed memorandum of understanding (MoU) with the Orissa government for a 3 mtpa steel plant. It has sought 1000 acres of land for the proposed SME steel park, out of which 200 acres will be earmarked for the local downstream units. 

BSL will provide raw materials, infrastructure support, assured power supply and marketing support to the units proposed to come up in the steel park. The company has been asked to submit a combined application form and detail project report (DPR) to the Industrial Promotion and Investment Corporation of Orissa Ltd. (Ipicol) like Jindal Stainless and Nalco.

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