Vedanta SPV takes up development
05/13/2010

Mukesh Kumar is now busy in pro-people activities.

So the Director, Lanjigarh Project Area Development Foundation (LPADF) laid the foundation stone for construction of a high level bridge over River Banshadhara on 11 May.

Online PR News – 13-May-2010 – – Mukesh Kumar is now busy in pro-people activities.

So the Director, Lanjigarh Project Area Development Foundation (LPADF) laid the foundation stone for construction of a high level bridge over River Banshadhara on 11 May.

The long-awaited bridge is being constructed by LPDAF, a special purpose vehicle promoted by the Government of Odisha, Odisha Mining Corporation and Sterlite Industries.

Sridhar Pesnia, Ex-Vice-Chairman, Lanjigarh, Chandradhwaja Pesnia, Ex-Sarpanch, Lanjigarh, Trinath Mahakud and Bibhuti Bhushan Kumar were also present during the occasion.

The project worth Rs. 66 lakhs will connect Lanjigarh with Jagannathpur and other tribal villages in the locality.

This development has been embraced with joy by the people of the area, as this will go a long way in improving the lives of the people in the locality by facilitating communication, said a local youth.

"This was a long-standing demand for people of Lanjigarh. We welcome LPADF for taking up this project, which will connect Lanjigarh with K.Singhpur and Rayagada," said Mr. Pesnia.

Addressing the gathering, Dr. Mukesh Kumar, Director, LPADF from Sterlite Industries said, “the Bridge is very important for connecting tribal villages with Lanjigarh and this would be completed by August 2010”.

The LPADF, he informed, has lined up several development projects in the areas of health, education and infrastructure for development of Lanjigarh area.

LPDAF is a special purpose vehicle formed, as per Supreme Court’s Order .

The LPADF would dedicatedly take up development project in 50 km radius around Vedanta Alumina Refinery Project at Lanjigarh.

Sterlite Industries will deposit 5 per cent of the profit or Rs. 10 Crore - whichever is higher - from the project for local area development with this SPV.

Source: http://kalahandia.blogspot.com