15 FEBRUARY 2016www.moneycontrol.com
L&T may get nod from Odisha to set up 3 mtpa aluminium plant
Edited by : AL CIRCLE
1 min read
Engineering major Larsen and Toubro (L&T) said it is likely to get the final clearance from the Odisha government for setting up a 3 million tonnes per annum (mtpa) aluminium plant in Rayagada district in the next 2-3 months.
The company is planning to set up a 3 mtpa green field integrated aluminium plant in the state with an estimated investment of INR 12,000 crore.
"We had submitted the proposal to the (Odisha) government and we hope we will get the last mile clearance from it in the next 2-3 months," company's senior executive vice-president (power, minerals and metals) Shailendra Roy, told PTI on the sidelines of the Make in India (MII) Week.
He further said once the final approval is in place the company will start with the process of land acquisition, designing.
"We will start the process of preparing detailed plans as well as land acquisition. The investments of INR 12,000 crore will be made in phases," Roy added.
The company is planning to set up a 3 mtpa green field integrated aluminium plant in the state with an estimated investment of INR 12,000 crore.
"We had submitted the proposal to the (Odisha) government and we hope we will get the last mile clearance from it in the next 2-3 months," company's senior executive vice-president (power, minerals and metals) Shailendra Roy, told PTI on the sidelines of the Make in India (MII) Week.
He further said once the final approval is in place the company will start with the process of land acquisition, designing.
"We will start the process of preparing detailed plans as well as land acquisition. The investments of INR 12,000 crore will be made in phases," Roy added.
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