IDCO has allotted 8066 acres of land for proposed project in aluminium sector in Odisha.

Rituraj,

12th January 2015

Real estate News in Bhubaneswar

infrastructure development

infrastructural projects

industrial corridor

infrastructure and construction

idco

odisha infrastrucuture

odisha real estate market

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Replies (6)

Hi Guys,
As per the news, IDCO has also taken up two SEZ projects such as Infocity and Info valley in Bhubaneswar. Apart from these, there are 4 other PPP projects in other districts. As per sources top major three investment areas are National Investment Manufacturing Zone-Kalinga Nagar, Special Investment Region-Dhamra and PCPIR-Paradip.

Bulbul Verma,

27th July 2015

Comment

Hey Surinder,
According to sources, IDCO has made Special Purpose Vehicles (SPVs) for different modern industrial parks for example, steel downstream at Kalinga Nagar, Aluminum Park at Angul as well as SEZ Park in Bhubaneswar. IDCO has additionally created SPVs for a railway corridor as well as sports improvement. The agency has likewise set distinctive due dates for finishing of these projects.

Supratim,

27th July 2015

Comment

Hey Guys,
According to latest news, Odisha government is deciding to develop land banks in ten district to make sure there is no litigation in land acquisition for projects & attract the attention of investment for residential as well as industrial development. Kindly discuss about it.

Surinder,

27th July 2015

Comment

Hi Surinder,
As per the news, IDCO state owned development corporation of Odisha, allotted to work for infrastructure improvement for diverse projects, would make the land banks. IDCO has so far recognized over 2lac acres of conservative land patches fit for industrial utilization.

sonyarai,

27th July 2015

Hi Rituraj,
As per my knowledge, The government of Orissa is planning to ink a fresh MoU with Sesa Sterlite, after the merger of Vedanta Aluminium (VAL) with the latter. The move comes after the Orissa Law Department advised the Department of Industries, Orissa, to substitute the earlier MoU with a fresh one.

Saran,

12th January 2015

Comment

Hi Rituraj,

As per my knowledge, a draft MoU will be prepared which is to be signed by the Department of Industries, Orissa and Sesa Sterlite, by substituting the earlier MoU signed by the department and Vedanta Aluminium, in the wake of the amalgamation of Vedanta Aluminium with Sesa Sterlite. The key feature of the fresh MoU will be the provision of raw material guarantee, as the state government has taken a policy initiative of not offering the natural resources to metal and power companies in the new MoUs.

Kalki K,

13th January 2015

@ Rituraj,

As per different sources, in the earlier MoU, the state government had committed to providing bauxite to Vedanta from the Niyamgiri mine of Odisha Mining Corporation (OMC). However, the company could not source the raw material from Niyamgiri due to stiff protest from tribals residing in the area.

Sujan Mitra,

13th January 2015

Hi Mr Rituraj,

The state government has signed an MoU with Vedanta Aluminium (now Sesa Sterlite), Aditya Aluminium; and home grown RSB Metaltech for the aluminium sector. IDCO has allotted Vedanta's Lanjgarh refinery (2,064.5 acre of land) and Vedanta's smelter and captive power projects (1,915 acre of land) at Jharsuguda.

Varun,

12th January 2015

Comment

@ Ritraj,
For the Aditya Alumina's (Hindalco) Rengali project, the nodal agency has allotted 2,580 acre of land. This project has already been commissioned successfully. The state government has inked pacts with 93 players for setting up projects in the steel, aluminium, and power sectors in the state. Most of these projects will come up in the steel sector.

Himani,

12th January 2015

Hi,

I heard in news that the Industrial Infrastructure Development Corporation (IDCO) has allotted 8,066 acre of land for proposed projects in the aluminium sector in Odisha. This is something what people of Odisha are waiting for. After many states started their housing schemes or land allotment scheme. Odisha people are also hoping that state govt will take some needful step to enhance the growth of Odisha real estate market & Industrial corridor.

Supratim,

12th January 2015

Comment

@ Rituraj

Yeah Supratim , i saw in news paper that , in this segment, the total requirement for all MoU projects is pegged at 13,924.5 acre of land. IDCO, the nodal agency for land acquisition for various projects in the state, has acquired and allotted 2,053.2 acre of government land and 6,012.77 acre of private land for these projects.

Mritunjoy Deb,

12th January 2015