Armed with 'Stage I' clearance, mining major Vedanta announced its plan to start bauxite mining project in Orissa's Niyamgiri Hills within a month and to invest Rs 25,000 crore more for its aluminium units in the state in next two years.
"We are going to start our bauxite mining project within a month from today for which Stage I clearance has already been granted," Vedanta Resources Chairman Anil Agarwal said after a meeting with Chief Minister Naveen Patnaik here last night.
Asked whether the bauxite mining project could start this month itself, he said 'may be'.
Asserting that Vedanta was going full steam in implementing its Orissa projects despite economic recession, Agarwal said the company has already invested Rs 25,000 crore in the state and an equal amount would be pumped in during the next two years.
Stating that he discussed all aspects of Vedanta's Lanjigarh and Jharsuguda projects with the Chief Minister, the Vedant Resource Chairman said the company has applied for raising the capacity of its refinery up to six mtpa.
Work for the power plant at Jharsuguda was also being accelerated with a request made for allocation of coal blocks, he said adding that Orissa has immense coal reserves.
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