Monday, 07 Mar 2011
The Orissa Government is actively studying the TATA Steel and Sasol Synfuel International's joint venture proposal to set up the country's first project to convert coal into liquid at an investment of INR 45,000 crore in the state and would take a call on it any time.
TATA Steel in a tie up with South Africa's Sasol Synfuel International had proposed to set up the project to convert coal into liquid in the state last year.
Orissa's Steel and Mines Minister Mr Raghunath Mohanty told PTI that "They have given a presentation to the chief minister Mr Naveen Patnaik to set up the country's first such project at an investment of INR 45,000 crore to convert coal into liquid. We are currently studying the proposal.”
When asked about the time frame for the project, Mr Mohanty said that "I cannot give you the time line but it may get materialized any time. Once we take a decision, both companies will be able to ink MoU with us.”
According to TATA Steel, the project is to be developed by TATA and Sasol in an equal joint venture by 2018 and would produce 80,000 barrels of liquid fuel per day.(sourced from PTI)
Tags : Orissa's Steel and Mines Minister, Raghunath Mohanty,
TATA Steel in a tie up with South Africa's Sasol Synfuel International had proposed to set up the project to convert coal into liquid in the state last year.
Orissa's Steel and Mines Minister Mr Raghunath Mohanty told PTI that "They have given a presentation to the chief minister Mr Naveen Patnaik to set up the country's first such project at an investment of INR 45,000 crore to convert coal into liquid. We are currently studying the proposal.”
When asked about the time frame for the project, Mr Mohanty said that "I cannot give you the time line but it may get materialized any time. Once we take a decision, both companies will be able to ink MoU with us.”
According to TATA Steel, the project is to be developed by TATA and Sasol in an equal joint venture by 2018 and would produce 80,000 barrels of liquid fuel per day.(sourced from PTI)
Tags : Orissa's Steel and Mines Minister, Raghunath Mohanty,
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