Home ECONOMY TU demands revival of IDCOL ferrochrome plant

TU demands revival of IDCOL ferrochrome plant


OST Business Bureau
Jajpur Road, Oct 31:

The Ferrochrome Mazdoor Sangh has demanded the revival of the IDCOL ferrochrome plant at Jajpur Road here.

The Sangh, in a memorandum to the chief minister and the concerned authorities, has demanded that the plant should either be handed over to Steel Authority of India Ltd (SAIL) or the state government should direct the Odisha Mining Corporation (OMC) to supply chrome ore to the plant at subsidised rates for its survival.

Constructed under the Industrial Development Corporation of Odisha (IDCOL) during the tenure of Biju Patnaik as chief minister in 1969, the plant had been given its own chrome ore mines at Tailangi in Sukinda.

However, due to non availability of required grade of chrome ore from its captive mine, the unit is now forced to procure chrome ore from OMC at market price, which has made its operation unviable.

The Sangh has also demanded immediate opening of the third mine of Tailangi to ensure hassle-free supply of raw material to the plant as one of its two furnaces has been closed since August last due to non-supply of ore.

The operation of proposed quarry number 3 at its captive mine has been delayed due to procedural and statutory constraints and may take a longer time due to eviction of about 70 families and their rehabilitation and resettlement.

About 1,500 families are dependent on the plant with direct and indirect employment generated by it.

The state government, in the meanwhile, has floated a sale deed advertisement to sell out the plant to private parties.