The Statesman, 16th October, 2008
The state government signed a MoU with M/s Titanium Products Private Ltd. (TPPL) to set up a Titanium Complex at Chhatrapur of Ganjam district with an investment of over Rs 2000 crore.The TPPL is a Indo-Russian joint venture company of M/s Saraf Agencies Pvt. Ltd. and the government of Russian Federation.The proposed integrated titanium complex will manufacture 1,08,000 tpa of titanium slag, 68,000 tpa of high purity pig iron, 40,000 tpa of titanium di-oxide pigment and 10,000 tpa of titanium sponge.First phase of the project is expected to be commissioned by 2010 and the second and third by the year 2012.Mr SM Saraf, chairman of the group and industries department secretary Mr Aditya Padhi signed the MoU in the presence of chief minister Mr Naveen Patnaik and other Cabinet ministers here today.The project is the anchor industry for a sector specific SEZ for establishment of downstream industries in high quality paint manufacturing, automotive casting, silicon and zircon based products etc.Gopalpur port and the metallurgical complex together will form the starting point of industrial corridor in southern Orissa. It will get linked to the aluminium hinterland in Kalahandi, Koraput and Rayagada district said Chief Minister Naveen Patnaik.Mr Patnaik said he had personally requested the railway ministry to take up the Therubali-Gunupur railway connectivity to develop this linkage in south Orissa.Promoters of the titanium complex said they have already entered into a long term contract with Indian Rare Earths Limited for supply of raw material for the project. The company will also have a long term buy-back contract with its Russian partner for purchase of at least 45,000 tpa of titanium slag and 30,000 tpa of pigment titanium dioxide.Being a light and corrosion resistant metal, titanium products have multifarious application in aircraft engines, power plants, chemical plants and automobile industry, they observed.
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