Saturday, December 25,
Orissa government on Thursday assured New Year package to a high profile delegation from Kalinga Nagar Industries Association (KNIA) that will go a long way to solve the bottlenecks threatening total closure of all 11 steel units in Kalinga Nagar Industrial Complex (KNIC) at Duburi, about 160 kilometer from Bhubaneswar.
More than three-fold increase in the cost of key inputs like iron ore has hit these units who have been outsourcing iron ore from the state-owned Orissa Mining Corporation [OMC] and some private mine operators.
The delegation led by KNIA president, P L Kandoi, who is also promoter director of K J Ispat Ltd based in KNIC, made it clear to the authorities that they would be forced to shut down their units unless the government takes pro-active move to give them a level-playing field by rationalising the mechanism of raw materials pricing.
The delegation, also included Jindal Steel Ltd vice-chairman and managing director, Ratan Jindal ,Visa Steel , MD, Vishal Agarwal, Rohit Ferrotech chairman Suresh Patni, Dinbandhu Steel and Power Ltd MD Samarjit Sahu , Pradhan Industries CMD, B N Pradhan who along with heads of all the units met finance minister Prafulla Chandra Ghadai , and chief secretary, B K Patnaik separately on Thursday seeking immediate intervention to solve their problems before it is too late.
Source: The Economic Times
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