Don’t miss the latest developments in business and finance.

NTPC opens up its plant premises for manufacturing units, invites EoIs

BHEL had floated a similar EoI, inviting global firms to leverage its facilities and capabilities to set up a manufacturing base in India.

NTPC
The necessary clearance with regards to developing Industrial park shall be taken-up by NTPC
Shreya Jai New Delhi
2 min read Last Updated : Sep 22 2020 | 10:17 PM IST
The largest power generating company, state-owned NTPC, has decided to open industrial parks for manufacturing units on its premises. And, it has invited expressions of interest (EoIs) from medium, small and micro enterprises (MSMEs) and manufacturing companies to set up their units.

BHEL had floated a similar EoI, inviting global firms to leverage its facilities and capabilities to set up a manufacturing base in India. 

NTPC is inviting firms to set up energy intensive manufacturing plants, such as bulk chemicals, geopolymer, cooling and heating solutions, aluminium, mineral processing (ceramics, tiles, pottery, brick, glass), metallurgical and metal industries (foundries, forging, alloys, heat treatment, steel rerolling, etc), the company said in a press release.It said the industrial parks would be developed on a pilot basis in Solapur (Maharashtra), Kudgi (Karnataka), and Gadarwara (Madhya Pradesh). Land availability at these units is 428 acres, 791 acres, and 500 acres, respectively.

This will be subject to receiving requisite approvals from the central and respective state governments. NTPC will process these approvals based on responses received in the EoIs, NTPC said. The firm said the move is aimed at utilising the power supply from its units. In the EoI, NTPC has proposed to provide 24x7 reliable power supply, accessibility of rail and road network, water supply, availability of skilled labour, and several other facilities.

“NTPC’s power plants located in various states across the country have evolved into economic centers with infrastructure ecosystem in place. Capitalising on ecosystem developed over a period of time, NTPC is exploring to enter into the industrial park development business,” said the company’s EoI.

The EoI also noted that NTPC will not only enable the industries to focus on their core competence and “not worry about infrastructure works but also make these competitive in the world market with very competitive electricity rates”.

The necessary clearance will be taken up by NTPC, but the prospective manufacturer will have to take up statutory clearances for setting up the manufacturing facilities. “Prospective manufacturer shall have to conduct their business on their own and NTPC does not bear liability on sourcing or marketing their supplies/product or in any business,” said the EoI.

Topics :NTPCNTPC LimitedIndian companiesmanufacturing companies