Rs 2,000 crore titanium project to be set up at Chhatrapur

The Pioneer, 16th October, 2008
PNS Bhubaneswar

The State Government on Wednesday signed an MoU with the Titanium Products Private Limited (TPPL), a Joint Venture Company promoted by Kolkata-based Saraf Agencies Ltd and State owned Russian Companies, Federal Agency for Federal Property and JSC Techno Chim to set up titanium dioxide project at Chhatrapur.The MoU was signed in the presence of Chief Minister Naveen Patnaik. "The project will add employment capacity of around 12,00 persons. It will get further integrated with the aluminum hinterland in Kalahandi, Koraput and Rayagada," the Chief Minister said.While Industry Secretary AP Padhi signed the MoU on behalf of the State Government, SM Saraf inked it on behalf of the TPPL. "The project would start production within 24 months," Saraf said.TPPL has proposed to set up a Rs 2,000-crore titanium dioxide project. The Saraf Group will hold 45 per cent share in the project that is coming up near Chhatrapur in Ganjam district of Orissa. The integrated titanium plant to come up in two phases will produce 40,000 ton of titanium dioxide per annum.Industry Minister Biswa Bhusan Harichandan, Finance Minister Prafulla Chandra Ghadai, Chief Secretary Ajit Tripathy were present on the occasion.