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Green Card and Various Tax
Exemption Letters Received from SEZ Commissioner-Vizag
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271.35 Acres
of Land Paid for and Completed all land leveling, Filling
works. Site is fully leveled to accommodate Total Plant and
Machinery including Paper Machine, Power Plant, Ware-Houses,
Stores, Main Laboratory and other Buildings.
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Natural Water
Reservoir built for Water Storage.
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Secured 11 KV
Temporary Power Connection for usage during Construction
works.
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Constructed
Site Office, Workmen Mess and 12 Room Hostel Accommodations
at our Site.
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12 Acres Land
acquired for laying 80 feet Approach Road from Saggonda Road
to our Factory Site for Heavy Vehicular Movement. Temporary
Road in use.
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Acquired 0.92
Acres of land on the Banks of River Godavari for
Constructing Pump House. Land registered in our favour on
29th November 2007. Pipe line laying works from Pump House
to Project site is underway.
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Agreement
signed on 22nd November 2007 for Purchase of 2.87 Acres of
land adjoining to our land.
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Second Phase
Alienation of 229 Acres is in Advanced Stage and Land
Possession is expected to be completed shortly.
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Received
Permission to draw 15 MGD Water from River Godavari. Request
made to enhance the water drawal permission as per GO up to
26 MGD
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Temporary
water line for 2.0 lac liters is laid from Godavari River
for usage during construction
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Received
Environment Clearance from State Level Environment Impact
Assessment Authority (SEIAA)
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Civil Works
and other project activities are scheduled to commence
shortly
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Established
three full-fledged offices (Regd. Office, Project Office &
SEZ Office) in Kovvur.
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Top Management
Team, Key Operating Personnel and about 70 People are
working out of Project Office, Regd Office and Site Office.
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Received
favorable Project Techno-Commercial Feasibility Report from
Jaako Poyry, Australia – SPB PC, India
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Signed
Agreement with Elof-Hansson, Sweden for Supply of entire Raw
Material on long-term basis and to Market 60% of the
Finished Production through their established network across
the Globe.
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As a stand by
arrangement signed MoU with Daiei Paper Trading Corporation,
Singapore for raw material supply and marketing of paper
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Appointed Tata
Consulting Engineers (TCE) for Detailed Engineering and
Project Management Services. They have already
started working out of Kovvur. Their services will
be available with us till the commercial
Production is stabilized
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Supply of
Paper Machinery is finalized with one of the leading
suppliers of Paper machines in the World M/s. Metso Paper,
Finland and Letter of Intent will be issued shortly.
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Supply of 80
MW Power plant equipment finalized with Dong Fang of
China and an MoU signed with them in this regard
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Based on the
Machinery supply schedules, we are confident of Commencing
commercial production by March 2010.
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SBI Capital
Markets ltd, a leading Project financing institute has
appraised our project as financially viable project.
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Completed all
necessary arrangements for Equity and Debt. Documentation is
under final stages of completion and confident of completing
the Financial Closure shortly
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Signed Power
Purchase Agreement (PPA) with Power Trading Corporation (PTC)
for surplus Power
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Received
assurance for Coal-Linkage from Ministry of Coal and Mines
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Government of
Andhra Pradesh recommended allocation of Gas to Whitefield
from State quota to Ministry of Petroleum and Natural gas.
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Applied for
allocation of Railway Sliding at Kovvur. SC Railway
officials asked us to submit feasibility report along with
drawings to process further.
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Designs and
Proposals made for Permanent water supply from River
Godavari by constructing Jack-Well and Sinking-Well at River
Godavari.
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Site Soil
Investigations completed and report submitted by M/s.Nagadi
Consultants
