Chhattisgarh govt decides to revive aluminium park project in Korba

Breaking News

Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide

Chhattisgarh govt decides to revive aluminium park project in Korba

Notification 23 Feb 2024 06:09 PM IST Business Standard

The Chhattisgarh government, led by the Bharatiya Janata Party (BJP), has chosen to bring back an aluminum park project that was first put forth in 2021 to support small-scale companies in Korba, which is approximately 250 kilometers away from here. The agreement was made between the Chhattisgarh government and Bharat Aluminium Company Ltd (BALCO), a Vedanta Limited subsidiary, for the subsidised supply of raw aluminium to small-scale industries.

BALCO, in which the Indian government has a 49% stake, can produce 570,000 tonnes of aluminium. After taking over the control with a 51% stake in 2001, Vedanta Limited has planned to enhance the capacity to 1 million tonnes per annum. The state government eyes to explore the opportunity and plans to set up an aluminum park. Under the proposal, about 140 hectares of land was required. The plan was soon put on the back burner.

The BJP government led by Raman Singh removed the dust from the files in 2015 and asked the district administration to identify land for the project. The authorities selected it in Rukhbahari village near BALCO township and even held a gram sabha to take the consent of villagers for the project, a senior official in Korba district administration said. However, the proposal was again put on hold.

The newly-elected Korba legislator, Lakhanlal Dewangan, took the initiative to revive the plan. It has created a ray of hope that the project will now see the light of the day. “An initial provision of Rs 5 crore has been made in the budget proposal of the industry department for the financial year 2024-25 to meet the much-awaited demand of Aluminum Park in Korba district,” Dewangan said. He said the process will start soon and the government will ensure that the project is executed at the earliest.

“Aluminum is produced in BALCO's smelter plant and with the construction of Aluminum Park, aluminum products will be manufactured in Korba itself,” Dewangan said, adding that many types of products can be made in one place. The proposal will also induce huge investment in Korba, the industrial hub of Chhattisgarh, as local and outside industrialists will be interested in setting up plants, he said.

Also Read : Steel ministry appoints consultant to explore usage of green hydrogen in manufacturing Telangana deputy CM inaugurates solar panel unit, pledges energy self-reliance by 2030

Breaking News

Chhattisgarh govt decides to revive aluminium park project in Korba

Related News

SAIL's Rourkela Mill HRC Output Rises 8.3% in April-Feb

Gujarat and DP World Sign Agreements To Strengthen Logistics In The State

JSW, Tata Steel, ACC, and JK Cement bid for coal mines in latest round of auctions

Servotech bags ₹120 cr order from BPCL for 1,800 fast EV charging stations in India

NTPC Group achieved milestone of 76 GW in installed power generation capacity

Tata Steel Signs O&M Contract with AWIPL for Air Separation Unit