Wind energy major Suzlon plans to invest nearly Rs 50,000 crore to set up an integrated steel plant in Karnataka, state officials today said
Suzlon's Rs 49,720-crore project, which would be set up at Bijapur district in the state, was among the 15 proposals with envisaged investment of Rs 75,541.25 crore, cleared by the State High Level Clearance Committee chaired by Chief Minister B S Yeddyurappa. Major and Medium Industries Minister Murugesh R Nirani said the company would take up the project in four phases and is likely to create 9,000 jobs. According to Karnataka's Commissioner for Industrial Development, Raj Kumar Khatri said Suzlon plans to manufacture steel on its own for wind turbines to meet its domestic and overseas demand. "Instead of taking steel from other companies, they (Suzlon) would like to make steel and then convert it into (wind) towers," he said. Hazira Steel's (Essar Steel Karnataka) proposed Rs 17,760-crore integrated steel plant with potential to give employment to 9,675 persons was also cleared. Meanwhile, Brooke Bond Real Estates, part of Hindustan Unilever, proposed to set up a Rs 1,602 crore IT/ITES special economic zone here, where they were holding land since 1982, officials said. Brooke Bond has projected an employment potential of 2.88 lakh in this venture. Yeddyurappa said out of the 15 projects cleared, eight are in north Karnataka with envisaged investment of Rs 72,025.25 crore. The projects are likely to provide employment to 65,932 persons. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
