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Unfazed by Orissa hurdles, Vedanta signs new deals

26 April 2010

The environmental hurdles faced by Vedanta Aluminium in Orissa have failed to dampen its spirits and is proceeding with mining projects in the state.

On Monday, the group signed a memorandum of understanding (MoU) with Bhubaneswar-based Institute of Mineral and Materials Technology (IMMT) to develop technology for recovering valuable materials from waste generated in the aluminium industry. The same day, Germany-based Evonik Energy said it has entered into a Rs 1,400-crore deal with Vedanta Resources for operating and maintaining the latter’s 2,400-mw plant in Orissa.

“Evonik Energy Services India, a wholly-owned subsidiary of Evonik Energy, has concluded one of the largest operation and maintenance (O&M) contracts with Sterlite Energy,” a statement issued by the company here said. The agreement, which was inked last week, will see Sterlite pay Rs 200 crore every year to Evonik for a period of seven years.

Evonik Energy, the fifth largest German power producer, aims to take equity partnership in upcoming power projects in the region. Sterlite Energy is in process of commissioning the first unit of 600 MW by May, 2010, as it aims to open up other three utilities for commercial use within one year.

The MoU between Vedanta and IMMT was signed by Mukesh Kumar, its chief operating officer and Barada Kanta Mishra, director, IMMT. According to Kumar, Vedanta’s Alumina Refinery has already implemented the zero discharge system and “our partnership with this leading research institute of international repute would help us in realising our vision to make the refinery a zero waste plant.” IMMT has already developed technologies like utilisation of red mud in bricks/ tiles manufacturing, recovery of carbon value from spent pot lining and production of pig Iron from red mud.

As per the agreement, Vedanta Aluminium Limited would provide financial and other technological support. The IMMT is a premier research centre affiliated to the Council of Scientific & Industrial Research (CSIR), New Delhi.

The institute specialises in providing R&D support for process and product development with special emphasis on conservation and sustainable utilisation of natural resources. It has been taking up R&D projects for all the leading mineral based industries in the country.

Source: http://www.mydigitalfc.com/news/unfazed-orissa-hurdles-vedanta-signs-new-deals-662

Written by csirindia

April 28, 2010 at 8:22 am

Posted in IMMT

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