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Essar to trim down the SEZ dimension

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As per to the sources saying @ the www.propertykhazana.com, Essar Jamnagar SEZ is developed by Group company Essar SEZ Jamnagar Ltd. and was officially approved with 1,130 hectares. Firstly, Essar Group has decided to develop 20-25 Million tonne Greenfield refinery in its planned SEZ with an investment of about Rs. 17,000 Crores. Shrink in dimension of SEZ, the input in venture also came down. When asked about the venture, company officers restated that, the ability of their refinery in Vadinar is about 11 MTPA. Jamnagar is likely to commence commercial production and will be hiked to 35 MTPA. The planned investment for refinery growth is USD 7 Billion and the ability growth is listed to be ready by the end of the year.
According to the sources available with www.propertykhazana.com, 1,200 MW Power Plant is under development at Vadinar, which will cater power and stream to the developed refinery. Up to now multi-product zone is the 3rd region of Essar in Gujarat and group has planned another 2 SEZs in Surat district. First SEZ is at Hazira named Essar Hazira SEZ is coming up in 268 hectares and is keen to engineering segment. Second SEZ is at Suvali named Essar Power SEZ given in-principal approval by Centre and spreads over 185 hectares. This will be the 2nd multi-product SEZ at Jamnagar after the 1st plan by Reliance Industries Ltd. The cost of SEZ venture is around Rs. 28,000 Crores. Already RIL is running world’s 3rd biggest refinery in Jamnagar which is at close vicinity to the proposed new venture.
Source: NBTVLIVE

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