SkyscraperCity Forum banner
81 - 86 of 86 Posts

1,464 Posts
Coal block allotment recommended for Farhatabad thermal power project

Hopes revive for the establishment of the 1,320 MW super critical plant

The hopes of getting a 1,320 MW Super Critical Thermal Power Plant for Farhatabad, 20 km from Kalaburagi, have been revived with positive signals from the Union government for the allotment of coal block, which had remained a major hurdle in the establishment of the plant on Design Build Finance Operate and Transfer (DBFOT) mode.

Sources told The Hindu here recently that the State government has decided to double the power production capacity of the proposed thermal power plant to 2,640 MW instead of the proposed 1,320 MW with the existing land and had expressed its willingness to increase the marginal additional land, water required for the increased capacity of the power plant.

In early 2011-12, the State government had completed all formality of acquiring 1,601 acres of land in and around Farhatabad by an incurring an expenditure of Rs. 158 crore. However, the project got stalled due to the non-allocation of the coal block.

The State government had originally sought a coal linkage of 6.3 MTPA for the 1,320 MW power station.

In the sixth meeting of the Technical Committee of the Union government the allotment of the coal block from Brahmanbil Coal Block was recommended for the Gulbarga Thermal Power Project, and the final order of the allotment is awaited.

Meanwhile, the State government has completed the process of giving principal approval to the allotment of 2.06 tmcft of water from a barrage in the Upper Krishna Project for the proposed project and also finalised the power evacuation arrangement from the project. The evacuation of power is proposed from 500/220 kV sub station and KPTCL has taken up the power system study now.

The Power Company of Karnataka Limited, a special purpose vehicle established by the State government for taking up such projects, which is in possession of land, has handed over 50 acres to KPTCL for establishment of a 400 kV station to facilitate power evacuation.

The sources said that while the Forest Department has given no objection certificate to the project, clearance from the Ministry of Environment and Forest will be obtained after the allocation of the coal linkage.

Atlast Center allocates coal blocks to the new thermal plant on banks of Bhima river near Fartabad in Gulbarga district. Now capacity is doubled to 2,640 MW instead of the proposed 1,320 MW

1,464 Posts
State’s first women entrepreneurs’ park to come up in Kalaburagi

The State’s first exclusive Women’s Entrepreneurs Parkis coming up on 50 acres in the Nandur-Kesaratagi Industrial Area on the outskirts of the city.
Joint Director of the Industries Department Doddabasavayya, the man behind the project and who did all the spadework for the project, told The Hindu that the 50-acre land has been identified and demarcated for the proposed Women’s Entrepreneur Park in the industrial area.
The force behind the proposal was the phenomenal success achieved by a similar park in Hyderabad established by women entrepreneurs under the banner Association of Lady Entrepreneurs Park in Andhra Pradesh-India (ALEAP-India) in 1994, which provided the leeway for women entrepreneurs to exhibit their talent and provided gainful employment to mostly women employees.
Mr. Doddabasavayya said that a similar association called Kalaburagi Ladies Association Manufacturers Park (K-LAMP) has been established here. K-LAMP will be the Special Purpose Vehicle (SPV) for the project. Already 200 women entrepreneurs have registered as members, he added.
To provide the required infrastructure at the proposed park, the Union government had extended a one-time grant of Rs. 8 crore under the Micro Small Entrepreneurs Cluster Development Programme and the State government had released Rs. 2 crore.
The Union and the State governments later extended another grant of Rs. 15 crore for the common facility centres, incubation centre and others inside the park for the benefit of the women entrepreneurs.
Besides, the Karnataka State Finance Corporation has also decided to extended loan facilities—maximum of Rs. 50 lakh — to each of the women entrepreneurs at a low interest rate of 4 per cent. The State government has also extended 5 per cent subsidy in the interest of the loans availed from nationalised and other banks by the entrepreneurs.
Mr. Doddabasavayya said that 50x100 ft size plots will be developed and provided to each of the 200 to 250 women entrepreneurs in the park to establish their units.
Each unit will be a three floor building.
While one floor will be used by the woman entrepreneur for establishing her industry, the other two floors should be given on rent and the amount received as rent should be directly paid to the bank or the financial agencies as loan repayment.
Mr. Doddabasavayya said that none of the plots allotted to the women entrepreneurs will be allowed to be used for residential purpose. The Karnataka Industrial Area Development Authority has been entrusted with responsibility of creating the basic infrastructure, including cement road, drains, underground electricity and telephone cables, drinking water and electricity to the proposed park.
50 acres has been identified and demarcated for the proposed park in the Nandur-Kesaratagi Industrial Area

1,464 Posts
Steel plant: Karnataka okays Mukand’s plea for more time, land

Bengaluru, April 20:
The Karnataka government has approved specialty steel maker Mukand Ltd’s application for extension of time and additional land for its ₹2,892 crore investment in the State.
The State High Level Clearance Committee (SHLCC) which met under the leadership of Chief Minister Siddaramaiah approved Mukand’s proposal which has plans to expand its plant at Koppal district with a budget of ₹2,892 crore.
Recently, Mukand had signed a joint venture agreement with Sumitomo Corp of Japan to set up a rolling mill in Karnataka.
The company is planning to produce alloy steel long products and has plans to procure raw materials locally at Hospet. SHLCC also approved extension of time for investments to be made by Vasavadatta Cements’ ₹625 crore capacity expansions at Sedam in Gulbarga district.
According to the industry department officials, Vasavadatta is planning to expand its cement production capacity from 4.1 million tonnes per annum (mtpa) to 9 mtpa.

Similarly, SHLCC also approved India Cements application for extension of time for its new investment in a cement plant in Gulbarga. It is planning to set up a new plant with 2 mtpa capacity.

SHLCC also approved tourism infrastructure development projects to be taken under PPP.

1,464 Posts
Kesoram Ind eyes stronger foothold in cement market

Plans to acquire up to 700 acres in Karnataka where where it has limestone mines

Kesoram Industries, the diversified flagship entity of B K Birla group, is planning to expand its cement capacity spread over Karnataka and Telangana catering to the markets of South and West.

Located near the limestone deposits of Sedam at Gulbarga district of Karnataka and Basantnagar in Telangana, Birla Shakti brand's two cement manufacturing plants have a total combined capacity of 7.5 million metric tonne.

Kesoram now plans to acquire up to 700 acres of land at Gulbarga where its existing limestone mines are located on which it has mining rights. And considering the current consolidation in the cement industry, Kesoram would also take a call on whether it needs to put in manufacturing plants like grinding units there, Tridib Kumar Das, whole-time director & CFO said after the annual general meeting of the company.

"Gulbarga has one of the finest limestone deposits in our country. We have a definite plan to get enough limestone mining area and around 700 acres of land on which we have mining rights can be acquired," Das told reporters.

Availability of high-quality limestone enables higher blending ratio thereby resulting in higher cement production.

"Kesoram sources limestone from its two leasehold mines, one each at both the locations, against royalty payment. Limestone reserves at both the mines extend beyond economic life of the respective plants and are located in proximity of the clinker plants, thereby enabling the company to optimise cost pertaining to its mining activities," a credit rating report said.
"Once you expand limestone mining capacity, the life of the cement plant on which it depends goes up and so does the valuation. We are currently observing the developments in the cement industry including the consolidation that's happening to take a call as to whether we need to make investments in setting up grinding units or some other capacities there," Tridib said.

Kesoram also has expansion plans for its biodegradable transparent paper business which, along with its rayon business, was earlier transferred to a wholly-owned subsidiary Cygnet Industries.

"Main use of biodegradable paper has traditionally been the fire cracker industry. But it has potential to find wide use in storing vegetables, processed foods. We are doing a lot of research in improving and adding values to this product. Currently we have two lines of which only one is working. So, we can double production to achieve greater acceptability and usage of transparent paper," the CFO said.

Kesoram has so far invested Rs 30.05 crore and extended loan of Rs 530 crore to Cygnet till March 2017 to revive the business.
Concrete plans

Kesoram now plans to acquire up to 700 acre of land at Gulbarga where its limestone mines are located
It would also take a call on whether it needs to put in manufacturing plants like grinding units there
81 - 86 of 86 Posts
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.