Odisha News In English

Prameya English, Prameyanews.com, Odisha Latest News, Odisha News Online

Revival of two large industries under process

20/03/2021 at 5:20 PM

Bhubaneswar, Mar 20: Revival of two heavy industries in the state is under way out of the eight closed down sick heavy industries, Minister for Industries Dibya Shankar Mishra told the Assembly today.

Eight partially or fully functional heavy industries have closed down their production. Revival of sick industrial establishments is undertaken on the orders of National Company Law Tribunal. Appropriate action will be taken after getting approval from the concerned tribunal, said Mishra.

Meanwhile, eight large scale industries in Odisha have stopped their operation for different reasons. Two of them are now undergoing revival.

While 0.25 million tonne steel plant of Action Ispat & Power Ltd, in Jharsuguda , 0.25 MTPA Deepak Steel & Power Ltd. Keonjhar,0.30 MTPA steel project of Jain Steel &Power Ltd. at Durlaga in Jharsuguda,0.25 MTPA Steel Plant of Maheswari Ispat at Khuntuni in Cuttack district,0.26 MTPA Steel plant owned by MSP Metallicks Pvt Ltd. at Jharsuguda and 1 MTPA steel plant of Orissa Sponge Iron & Power Ltd. at Palaspanga in Keonjhar have stopped production

On the other hand the 0.3 MTPA unit of Rathi Steel and Power at Potapalli in Sambalpur which was shut down is now under revival . The revival of a 1360 mega watt thermal power plant of Ind Barath Energy(Utkal) Ltd. located at Sahajbahal in Jharsuguda district is pending disposal of National Company Law Tribunal (NCLT).

   Related Posts