11 JUNE 2013Business Standard
Vedanta SEZ extension proposal to get breather from ministry approval
Edited by : AL CIRCLE
1 min read
The Board of Approvals under Union commerce ministry is likely to clear two proposals from Odisha for extension of approvals of Special Economic Zones (SEZs) in its 58th meeting to be held on June 12.
This includes SEZs of Vedanta Aluminium Ltd (VAL) at Jharsuguda and the Infovalley IT SEZ being developed on the outskirts of Bhubaneswar.
VAL was granted approval on May 23, 2007 for setting up sector specific SEZ for manufacture and export of aluminium at Bhurkhamunda village near Jharsuguda. Since then, the developer has been granted three extensions, the validity of last extension expiring on May 22 this year.
The development commissioner of Falta SEZ, who is the monitoring authority for this SEZ, has recommended extension of the SEZ approval for one more year.
VAL is operating 0.5 million ton per annum (mtpa) smelter plant and 1215 Mw captive power plant (CPP) at Bhurkhamunda.
This includes SEZs of Vedanta Aluminium Ltd (VAL) at Jharsuguda and the Infovalley IT SEZ being developed on the outskirts of Bhubaneswar.
VAL was granted approval on May 23, 2007 for setting up sector specific SEZ for manufacture and export of aluminium at Bhurkhamunda village near Jharsuguda. Since then, the developer has been granted three extensions, the validity of last extension expiring on May 22 this year.
The development commissioner of Falta SEZ, who is the monitoring authority for this SEZ, has recommended extension of the SEZ approval for one more year.
VAL is operating 0.5 million ton per annum (mtpa) smelter plant and 1215 Mw captive power plant (CPP) at Bhurkhamunda.
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