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Home / Andhra Pradesh News / 2008 / January / January 21, 2008
FACOR to set up 2 power plants in Orissa
Power Reforms

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FACOR to set up 2 power plants in Orissa
Rs.2,700 crore to be spent on expansion

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Top News

FACOR to set up 2 power plants in Orissa

Rs.2,700 crore to be spent on expansion

Vijayanagaram, January 21, 2008

The Ferro Alloys Corporation Limited (FACOR), the one of the India’s largest producers and exporters of Ferro alloys is going to expand its integrated plant at a cost of Rs.2,700 crore in Orissa. The company has initiated an ambitious expansion plan of setting up two power planets and Stainless Steel Plant in Orissa for which a consultancy has also been appointed.

The FACOR is planning to set up the power plant for its own consumption. A 45MW coal based captive power plant is to be set up for Bhadrak near Randia of Orissa at a cost of Rs.180 crore. The power plant work is scheduled to be completed by 2009 and the FACTOR group has singed a financial tie-up with Rural Electrical Corporation, New Delhi.

Speaking to media, FACOR Joint Managing Director Ashim Saraf said that due to unbearable power charges, they had decided to set up a captive power plant and also an integrated Stainless Steel Plant. As there is no water to expand the plant along with power plants at Garividi, the management has decided to start its expansion plans in Orissa.

Andhra Pradesh on January 21, 2008

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FACOR to set up 2 power plants in Orissa
Rs.2,700 crore to be spent on expansion

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January 21 in History

Events and happenings on 21 January History

21 January 2001
Highlights: Chief Minister inaugurated the Global Leadership 2020 meet

21 January 2002
Highlights: Navy Chief visits Visakhapatnam Naval Base

21 January 2003
Highlights: Velugu program giving results - says Government

21 January 2004

21 January 2005

21 January 2006
Highlights: Sonia unveils pylon in memory of freedom fighters

21 January 2007
Highlights: Priority for micro irrigation

21 January 2008
Highlights: AP High Court stays Yendada land sale tender process

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