This thread will be used to track projects coming up in the state of Himachal Pradesh.
Shimla: Jai Prakash Gour, chairman of the Jyapee group has expressed interests in starting an engineering and a medical college in Himachal Pradesh.
Speaking at the 2nd convocation of Jay Pee University of IT, JP Gour said that the university had potential and infrastructure to cater to the quality educational needs of 3000 students against present 1800 students.
On the occasion he also expressed his willingness to start an Engineering College at Hamirpur in near future besides Medical College at Palampur.
Sarvpriya Industries Ltd (SIL), a wholly-owned subsidiary of the Jindal group, is eyeing a 30 per cent share in the pre-engineered building (PEB) market, which is worth Rs 300 crore at present. Now the market share of Sarvpriya Industries in PEB is 10-15 per cent.
Also Jindal Mectec (P) Ltd (JMPL), another group company of the Jindal group, today announced opening its new insulated sandwich manufacturing plant in Nalagarh.
CHANDIGARH: Secondary steel maker Nalagarh Steel Rolling Mills Private Ltd will set up a new steel rolling facility in Himachal Pradesh, with an investment of Rs 25 crore.
"The new facility, which will be soon set up, will enable us to meet the emerging requirement for steel from the industries of Haryana, Chandigarh and some parts of Punjab," Nalagarh Steel Rolling Mills Managing Director Ravinder Bansal told reporters here today.
With the setting up of this new plant, the company expects over 70 per cent jump in its total turnover at Rs 300 crore in 2008-09 from Rs 175 crore in 2007-08.
The company manufactures TMT steel bars and sell it under the brand of 'DevBhumi' and this would be the second such facility at Nalagarh.
In addition to it, the new facility will also facilitate the increasing requirement of steel from state government bodies.
Shimla: Keeping in view the inconvenience faced by the fruit and vegetable growers, Himachal Government has signed an agreement of constructing a two-lane road of 80 kilometres from Theog to Rohroo in Shimla district with a Chinese company, Long Jian Road & Bridge Limited.
The Rs. 228 Crores project is scheduled to complete in 3 years according to the agreement with the construction of 15 bridges, 280 culverts, 6.5 kms of retaining walls, 28 kms of breast walls, covered drain with foot path in 5.5 kms length and 30 rain shelters.
SHIMLA: Himachal Pradesh Chief Minister Prem Kumar Dhumal Tuesday laid the foundation stone of the Rs.13.65 billion Himachal Pradesh State Road Project at Una town.
Under the World Bank-funded project, 435-km-long state highways and major district roads would be upgraded.
The project is to be executed by a Chinese company and will be completed by 2012.
Shimla, June 22
Indo-Norwegian Solar Private Limited will set up a manufacturing facility in Himachal Pradesh with an investment of Rs 1,200 to Rs 1,500 crore to make solar grade silicon, core material for making solar cells.
A spokesperson of the company said here today that the Norwegians partners bring with them a technology developed in Norway that will bring down cost of production, consumption of power and the cost of setting up the plant significantly than the conventional process based on the Siemens technology.
Further, it does not generate any pollutants. The project would be implemented in four phases over a period of three years.
In the first phase, which would take 15 to 18 months, a pilot plant would be set up to produce 600 tonnes of silicon per annum.
A facility for cutting the silicon ingots into wafers, suitable for making solar cells, would also be set up.
He said with the crude oil prices scaling new heights and likely to touch $200 by the end of the year, need for alternate energy sources has assumed a huge role in the future energy scenario.
The solar energy source, one of the cleanest sources, was a solution to the
Work may soon start on Himachal Pradesh's first biotechnology park, to be built at Nalagarh, as the Union Ministry of Environment and Forests has given permision to build the park.
This will be the state's first biotech park and will come up on a 35-acre land, located 7 km from the industrial town of Nalagarh in Solan district. When completed, it will have a potential to attract investments of at least Rs 2,000 crore.
A top state government official told Business Standard that the business plan of the biotech park will be ready by the end of this month. Later, investors, including multinational companies, will be invited to the park.
The state town and country planning and the public works department have already cleared the project.
yeah good point.The Tibet railway has far more strategic value to the Chinese, hence the billions invested into it and fast returns
source economictimes.comRailways have asked a private company to carry out a feasibility survey of broad gauging Pathankot-Jogindernagar line upto Leh, Himachal Pradesh Chief Minister Prem Kumar Dhumal said on Friday.
The development comes in the wake of Himachal Pradesh government's demand of broadgauging the route.
"A private company has been entrusted by the Railways to survey the project," Dhumal told PTI after laying foundation of a road bridge here in Kangra district.
Estimated at the cost of about Rs 65,000 crore, the project would be of great importance considering its implications on country's security and tourism, he said.
With the centre reluctant to continue on the project earlier on the grounds that it was economically inviable, Dhumal had argued that it was strategically significant for India in view of China expanding its Railway line up to the borders.
Dhumal said the state Finance Commissioner Arvind Mehta had met Railway authorities in Delhi on June 23 in which it was decided to assign the survey work to a private company.
He recently pitched for the project with President Pratibha Patil during her Shimla tour and also to Prime Minister Manmohan Singh.
Decks have been cleared for the state-owned Steel Authority of India (SAIL) to set up its first steel plant in north India, in Himachal Pradesh, with an outlay of Rs.1.06 billion, a senior official said Sunday.
The state government has decided to hand over land in Kangra district to the Rs.455.55-billion steel behemoth by August-end, industries director Manoj Kumar told IANS. The government is in the process of transferring the land at Kandrori village near Nurpur town, some 300 kilometres from Shimla, he said.
The proposed plant will be close to Punjab and Jammu and Kashmir, and the site was selected with an eye to business prospects in these neighbouring states. Kumar said a SAIL team had already inspected the site and completed formalities. Since all of SAIL's integrated and special steel plants are located in eastern and central India, the Himachal plant will be its first in the north.
Kumar said the plant would provide direct employment to more than 200 people. Using thermo-mechanical treatment technology, the plant will produce 120,000 tonnes of steel rods, wire drawings and corrugated sheets per annum. The plant is scheduled to become operational by October next year.
The state government had cleared 18 investment proposals worth Rs.166.6 billion this February which included SAIL's plant and expansion of the Gujarat Ambuja Cements unit at Darlaghat in Solan district. Himachal has 38 industrial areas and 15 industrial estates.
Leading cement manufacturer ACC Ltd will put polluting gases to positive uses at its plant in Himachal Pradesh to combat climatic change, a senior company official said here.
ACC will utilise the waste exhaust kiln gases as raw material for generating electricity at its plant in Barmana in Bilaspur district, 110 kilometres from Shimla, company vice president Arun Mahajan told IANS.
'We have identified electricity potential of about four megawatt from the kiln gases and the potential will increase with the expansion of the plant,' Mahajan said.
When implemented, the project would not only preserve the surrounding environment from pollution but also generate power that can be utilised for cement production, he added.
The Himachal Pradesh government Monday gave its nod to the 144 MW Gondhla and 261 MW Yangthang hydro power projects to be developed by Moser Bayer India Ltd and Gammon India Ltd respectively.
The companies bid for the highest upfront premium of Rs.1.93 billion for these projects.
While Gondhla project is located in Lahaul and Spiti district, Yangthang project is in Kinnaur district.
The state cabinet also decided to re-advertise the Bardang (114 MW), Tandi (150 MW) and Rashil (150 MW) hydro projects, officials told IANS.
It approved the capacity increase of the power projects with revised capacity not exceeding 25 MW in respect of the executors which have already deposited the upfront premium amount with the government.
The cabinet approved the transfer of government land for the construction of Karchham-Wangtoo hydro project in Kinnaur district on one-time lease amount of Rs.150 million.
The project is being executed by Jaypee Karchham Hydro Corp.
Corporate giants Tata Power, Larsen and Toubro (L&T), GMR Infrastructure and DCM Shriram are among companies eyeing a stake in hydro power projects in Himachal Pradesh, a senior official said Tuesday.
Tata Power, the country's largest private sector power utility, and L&T are trying to test waters in this hill state for the first time, and have evinced interest in projects in Lahaul and Spiti district.
DCM Shriram and GMR have already been allotted power projects in Lahaul and Spiti and Chamba districts, respectively.
Moserbaer, Bhilwara Energy Ltd and a subsidiary of the Jindal Group are also among the 102 bidders for 17 projects with a combined generation capacity of 1,968 megawatt.
However, no foreign company has made a bid.
An electricity board official said recent moves by the government against Brakel Corp NV of the Netherlands have discouraged global bidders.
The fate of a multimillion-dollar hydro-power project allotted to Brakel is hanging in balance for several months despite the company depositing an upfront payment of Rs.1.95 billion along with interest with the government.
The projects - to be located in Lahaul and Spiti, Shimla, Kangra and Chamba districts - will be alotted to private companies on a build, own, operate and transfer (BOOT) basis, a senior engineer associated with the allocation of power projects told IANS on condition of anonymity.
Most of the projects are located on the river basin of Sutlej and Chenab in the Lahaul and Spiti district.
He said the electricity board was vetting the bids, and that the projects would be allocated by the year-end.
Under the state's amended power policy, the bidder who offers more free supply to the state will be allotted a project, instead of the usual seeking of bids on an upfront premium basis.
The electricity board official said that under the Electricity Act of 2003, the state government was bound to provide power to the consumer at the lowest rate.
However, the private power utilities were likely to increase rates in order to meet costs of the free power to the government.
Himachal Pradesh has so far harnessed 6,370 megawatt of hydro-power, nearly one-third of its potential, and it is in the process of adding 5,744 megawatt capacity by the end of the 11th Plan.
India's public sector National Mineral Development Corporation (NMDC) has got permission to mine steel-grade limestone in Himachal Pradesh, a state government official said Wednesday. The firm will invest over Rs.5 billion for the project.
The state government has given the green light to NMDC to extract limestone in the Arki region of Solan district, S.C. Negi, principal secretary of the state government's industry department, told IANS.
This will be one of the biggest mining projects in the state with an investment of more than Rs.5 billion.
The state government will get an annual royalty of Rs.110 million and NMDC will generate direct and indirect employment for more than 5,000 people.
NMDC has already reached an agreement with cement maker Gujarat Ambuja Cements Ltd (GACL) to supply limestone to its cement plant at Suli village near Darlaghat in Solan district of Himachal Pradesh.
The limestone will be transported from the quarries to the GACL plant through a 10-km-long overhead ropeway. For this, NMDC has agreed to install the necessary equipment.
The public sector minerals company is also looking for other buyers, especially steel plants, as the limestone to be extracted is also a vital raw material for making steel.