| "We would conduct feasibility survey for setting up greenfield aluminium plant in Chhattisgarh with an estimated |
| investment of Rs 10,000 crore," Vedanta chairman Anil Agrawal said recently during his visit to the state. |
| Vedanta, earlier known as Sterlite, purchased 51 per cent stake in Korba-based Bharat Aluminium Company for about Rs 551 crore and took over the management right in the first disinvestment of public sector undertaking during the National Democratic Alliance (NDA) government. |
| After taking over Balco, Vedanta went in for a major expansion project with an estimated cost of Rs 5,00 crore to increase production to 3.5 lakh tonne per annum from the existing 1 lakh tonne per annum. |
| The company officials said that once the site of the proposed 1200 mw power plant-for which the company inked a tripartite MoU with the state government and Chhattisgarh State Electricity Board was finalised, they would start work for selecting the site and making feasibility report for the new aluminium plant. |
| "We wished to make Balco a synonym to Chhattisgarh like Telco-Tisco is for Jharkhand," Agrawal said . |
| Balco accounts for about 15 per cent of the Vedanta group. |
| Agrawal, however, announced all possible assistance to Chhattisgarh, besides funds to set up a cancer hospital in the state. It has given money for making Mainpat a world-class tourism spot. In Mainpat-endowed with nature's beauty in Sarguja district"" the company owns bauxite mines. |
| The company also declared an investment of Rs 5 crore for development of Mainpat as a tourism spot. |
| The company chairman announced equal share from his company for the proposed cancer hospital, to be brought up by the Chhattisgarh government. |
| "We will also provide assistance for purchasing all high-class equipment for the hospital," he said. |
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