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The Hindu
4 days ago
- Business
- The Hindu
Govt. offers special package of incentives to Kadapa steel plant
The State government on Sunday announced a special package of incentives to JSW A.P. Steel Limited for the establishment of a 2-MMTPA Integrated Steel Plant (ISP) at Sunnapurallapalle village of Jammalamadugu mandal in Kadapa district, to be named as JSW-Rayalaseema Steel Plant. It was stated in G.O. issued by Secretary (Industries & Commerce) N. Yuvaraj, that the JSW Steel Limited proposed to set up the ISP in two phases of 1 MMTPA production capacity each, with an aggregate investment of ₹16,350 crore (Phase-I — ₹4,500 crore and Phase-II — ₹11,850 crore). The JSW Steel intended to begin the construction of first phase in January 2026 and begin commercial production by April 2029. The government is allotting 1,100 acres at Sunnapurallapalle on an Outright Sale Basis (OSB) at a rate ₹5 lakh per acre, and 200 acres at the same village on OSB for the establishment of a township. Tailor-made incentives are being offered up to 50% of Fixed Capital Investment (FCI), allowing exemption of the project from the List of Ineligible Industries under the A.P. Industrial Development Policy (4.0) 2024-29 contingent upon investment of ₹3,730 crore as FCI by December 2028. Similar incentives are made applicable for further phases of investment. Other incentives are 20% capital incentive up to ₹607.20 crore to be disbursed over a period of 10 years, electricity duty subsidy up to ₹1,092 crore within 10 years, decarbonization subsidy up to ₹149.20 crore on investment of ₹3,730 crore, and stamp duty reimbursement of ₹4.875 crore. The same incentive of 50% of FCI is applicable for the second phase of investment by JSW Rayalaseema Steel Limited for the establishment of additional 1 MMTPA Steel Plant, provided the same is commissioned as per the committed timelines. The facilities approved by the government are: double circuit power transmission line of 400KV from Jammalamadugu substation, along with a distribution substation, for power requirement of 268 MW, water supply pipeline, along with pumping infrastructure, from Gandikota reservoir for an assured supply of 2 tmc ft per annum and a 15-km pipeline from Mylavaram dam, a 12-km four-lane access road to NH-67, and a 12-km extension railway line to the plant from Muddanuru station (between Proddatur – Yerraguntla station).
Time of India
4 days ago
- Business
- Time of India
BSL township residents to pay more for power
Bokaro: The Jharkhand State Electricity Regulatory Commission hiked electricity charges by five paise per unit for domestic LT and HT consumers in the Bokaro Steel Township, after seven years. "This increase will affect BSL quarter residents, while plot holders and other categories like Commercial, Agricultural, and Streetlight services will see no change," said Manikant Dhan, chief of communication, BSL. Sources said Bokaro Steel Plant is expected to generate an additional Rs 30 lakh annually due to this revision. The hike comes after a public hearing held last month, where the management proposed the tariff revision. Citizens, however, strongly opposed it. TNN "Instead of burdening honest consumers, stop rampant power theft by illegal occupants," said one attendee during last month's public hearing. Another added, "Let BSL plug the leaks before raising rates."
Indian Express
21-07-2025
- Business
- Indian Express
Fadnavis to inaugurate mega projects in Gadchiroli today
Marking a new chapter in the development of the state and in the industrial growth of Gadchiroli district, Chief Minister Devendra Fadnavis will inaugurate various projects of Lloyds Metals and Energy Ltd (LMEL) in a grand ceremony at Konsari on Tuesday. He will also lay the foundation stone for the mega Integrated Steel Plant of the company. Fadnavis will inaugurate the first phase of 5-Million Tonnes Per Annum (MTPA) iron ore grinding plant at Hedri in Gadchroli district, a 10 MTPA capacity slurry pipeline from Hedri-Konsari, and 4 MTPA capacity pellet plant at Konsari. Besides, he will perform bhoomipujan of 4.5 MTPA capacity mega Integrated Steel Plant, 100-bedded hospital and a CBSE-patterned school at Konsari in the programme to be held at 12 pm on Tuesday. He will also perform bhoomipujan for LMEL's Somanpalli township. Adv Ashish Jaiswal, Joint Guardian Minister of Gadchiroli district; Dharmaraobaba Atram, MLA; Milind Narote, MLA; B. Prabhakaran, Managing Director, LMEL; Ankit Goyal, DIG, Gadchiroli Range; Avishyant Panda, District Collector; Ashok Nete, former MP; Dr Deorao Holi, former MLA; Shrikant Pawde, Sarpanch of Konsari; 'Padma Shri' Tulasi Munda, and other dignitaries will be present. The occasion marks a significant milestone in industrial growth of Gadchiroli. Over the past few years, since LMEL has commenced operations of Surjagarh iron ore mines and the DRI, pellet plants at Konsari, there has been significant growth in employment to locals. Even the surrendered Naxalites have been trained by the company in industry-oriented skills and absorbed them in jobs to aid the process of integrating them in the mainstream of society. Further, this industrial revolution has provided a never-before boost to the development of Gadchiroli. According to B Prabhakaran, 'July 22, 2025 is going to be recorded in the history of Gadchiroli as well as Maharashtra in golden letters. With the foundation stone being laid for Vidarbha's mega Integrated Steel Plant at Konsari in Gadchiroli district, a step is being taken towards realising the historic dream of making Gadchiroli a steel hub of the country. More than 140 years ago, Gadchiroli would have been the birthplace of the Indian steel industry. Nonetheless, now is the time for Gadchiroli to rise and shine'. 'Lloyds Metals and Energy Ltd is proud of being the driver of the industrial revolution here. After successful green operations of iron ore mines at Surjagarh, commissioning of DRI plant and pellet plant at Konsari, now a giant leap of faith is being taken in the form of Integrated Steel Plant. We thank the government of Maharashtra, Chief Minister Devendra Fadnavis for his vision and support to Gadchiroli's development, people of Gadchiroli, and all our stakeholders for helping us make Gadchiroli the first district of Maharashtra. Now, the foundation stone is being laid for Gadchiroli's bright future, enhanced contribution to Maharashtra's economy, and India's national vision of making Green Steel,' he added.
