In the first phase, the company will invest Rs 9,000 crore on a 1.4 million tonne alumina refinery and 0.25 million tonne aluminium smelter.
Visakhapatnam, Jan. 25
JINDAL South West Aluminium Ltd (JSWAL) is likely to locate its Rs 9,000-crore alumina refinery and aluminium smelter in the vicinity of Sabbavaram village.
The State Government had agreed in principle to allot 4,000 acres to JSWAL, the company's Director (Business Development), Mr Anumay Kumar, told presspersons here on Wednesday.
In the first phase, the company will invest Rs 9,000 crore on establishing 1.4 million tonne alumina refinery and 0.25 million tonne aluminium smelter. In the second phase, the capacity will be doubled with additional investment.
Mr Kumar said the company had signed a memorandum of understanding with the AP Government for the greenfield project on July 1, 2005. As per the MoU, the project will be completed within 36 months of securing all clearances.
Mr Kumar said mining would be carried out by the AP Mineral Development Corporation (APMDC). "The bauxite extracted by APMDC will be sold to us and we are ready to provide the technical support required for mining,'' he said.
He said the company would replicate at Sabbavaram the social empowerment project at the group's steel plant area at Bellary, Karnataka. "We have an all-women BPO centre at Bellary to help people from rural background.
Here we have already launched the process to train educated tribal youth in mining at APMDC mines in Kadapa to provide them permanent jobs in our project," he said.
Mr Kumar said the damage to the environment and habitations due to the alumina project would be `negligible' and declared that they would spend 0.5 per cent of their revenue on health, roads, training and education for the benefit of local communities.
"We are committed to improving the quality of life of the stakeholders,'' he added.