Saraf Agencies revises production timeline for Rs. 2,000-cr titanium plant.

Saraf Agencies Private Ltd. (SAPL) has set a fresh target for commencement of production at its titanium dioxide plant proposed near Chhatrapur in south Odisha's Ganjam district by December this year. The plant is presently under construction.

The Kolkata-based company had earlier targeted to start production from the plant by May 2014. The first phase of construction on the Rs. 2,000-crore project was delayed due to the devastating cyclone Phailin that struck the state's southern coast in October last year, sources said.

'The construction of the plant is in full swing, while the machinery for the first phase of the plant has already arrived. The first phase of the plant is expected to start production by the end of this year,' said the company's vice president (commercial) S L Modi. In the first phase, the company has aimed at producing around 18,000 tonne high titanium slag per annum. In this phase, it would invest around Rs. 250 crore. The company has committed a total investment of Rs. 2,000 crore in the next three to four years to complete the plant to produce titanium dioxide and high purity pig iron and to develop the Special Economic Zone (SEZ). The area selected for the titanium dioxide plant has been notified as SEZ.


BS