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Icore group plans 1.8 mtpa steel plant in Orissa

Icore Group, a Kolkatta based company is planning to set up an integrated steel cum cement complex in Somnathpur in Balasore district of Orissa. The steel plant will have a capacity of 1.8 mtpa is likely to commence operations from March 2011. Initially, its steel plant will have a capacity of 0.36 and later scale upto 1.8 mtpa. The total project cost is estimated at Rs. 10,000 million for 0.36 mtpa. The company has submitted detailed project report to Industrial Infrastructure Corp of Orissa Ltd (IDCOL) and is likely to be allotted 80 acres of land after signing up the MoU which is likely to happen by end of July 2010.

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