L&T may get nod from Odisha to set up 3 mtpa aluminium plant #Odisha #BusinessUpdates
Engineering major Larsen & Toubro (L&T) today said it is likely to get the final clearance from the Odisha government for setting up a 3 mtpa aluminium plant in Rayagada district in the next 2-3 months, a top company official said.
The company is planning to set up a 3 mtpa green field integrated aluminium refinery in the state with an estimated investment of Rs 12,000 crore.
“We had submitted the proposal to the (Odisha) government and we hope we will get the last mile clearance from it in the next 2-3 months,” company’s senior executive vice-president (power, minerals and metals) Shailendra Roy, told PTI on the sidelines of the Make in India (MII) Week here.
He further said once the final approval is in place the company will start with the process of land acquisition, designing.
“We will start the process of preparing detailed plans as well as land acquisition. The investments of Rs 12,000 crore will be made in phases,” Roy added. PTI