Posts filed under ‘Vedanta’

Proposed Vedanta Science College, Lanjigarh to start its academic session from 2011

Following report  is from http://orissadiary.com:

Today the management committee of upcoming Vedanta Science College organized a day long conference on “Emergence of Science Education” in the society at Lanjigarh.

As 21st century every human life is more dependent on technology the knowledge on scientific innovations is becoming essential for all of us . “Science education would not only help in getting employment but also will help us to enhance a quality life in science oriented society’, said Prof. Arun Kumar Pujari, Vice-Chancellor, Sambalpur University during a conference. More than 200 students and faculty members from 15 colleges in Kalahandi and Rayagada participated in this conference.

The objective of the conference was to make the people conscious about the value of science education at degree level as well as to discuss about the proposed Vedanta Science College at Lanjigarh. Dr. Mukesh Kumar, President and COO, Vedanta Aluminium Limited, said, “Vedanta Science College was a long pending demand of the people of Western Orissa. Vedanta is committed to create a state of art Science College that will promote quality science education in western Orissa”. Quality Science education can help in developing technical manpower for industrialization in Orissa, he added.

The proposed Vedanta Science College will start its academic session from 2011 and will provide education in subjects of Physics, Chemistry, Botany, Mathematics, Zoology, and Environmental Science. As the local students of the region depend on Bhawanipatna, Rayagada and Bhubaneswar for degree level studies on science subjects, Vedanta Science College can make a valuable contribution to the local people around Lanjigarh,

Prof. Gopabandhu Behera and Dr. A. K. Nanda, who are also the Governing Body member of Vedanta Science College were also present on the dais.

Also present on the occasion were, Mr. Sanjay Kumar Pattnaik Vice-President, VAL, Mr. C Joseph, in-charge of the Vedanta Science College, Dr. Nabakrushna Panda, Principal, Govt. Autonomous College, Bhawanipatna, Mr. S. P. Nanda, Principal, Govt, Women’s College, Bhawanipatna, Mr. Sudershan Rath, Principal, Bisamcuttack College, Mr. Bharat Rath, Principal Rayagada Govt. College.

January 31, 2011 at 7:38 pm Leave a comment

Vedanta Science College to start at Kalahandi

Following is from The Pioneer:

Vedanta is going to open a science college at Lanjigarh in Kalahandi to spread higher education among tribals. The Vedanta Science College will commence classes from the academic year 2011-12.

The company has identified five acres of land at Lanjigarh for the purpose. The architectural design of the college has been completed and construction activity will begin soon. The bhoomi puja for construction of the building was performed last month.

“The science college will fill the gap of quality science education in western Odisha. Besides education, it will also improve the human development index and leadership quality among youth,” said Prof Gopabandhu Behera, retired Professor of Chemistry of the Sambalpur University.

Most towns in interior western Odisha mostly have arts and commerce colleges, where job opportunities for students passing out are limited. The proposed college is expected to address the need for quality science education in the district of Kalahandi and will make the youth qualified enough to get ample job opportunities.

The first batch of students will be admitted on merit basis, with preference to local students. In the first batch, the college will enroll 64 students. “Vedanta Science College will integrate teaching, learning, and research for a holistic development of the students,” said President and Chief Operating Officer of Vedanta Aluminium Ltd, Lanjigarh Dr Mukesh Kumar.

The college will impart graduate level studies in Physics, Chemistry, Mathematics, Zoology, Botany and Environment Science. The college will be managed by the DAV College Trust and Management Society, which is a premier education society and has already set up more than 100 colleges across the country. With the latest infrastructure, the college will provide facilities for sports, games and cultural facilities.

In Lanjigarh, the DAV College Trust and Management Society has set up an international school jointly with VAL which is giving access to quality English medium education to tribal students from Lanjigarh and around.

January 4, 2011 at 1:46 pm 1 comment

Establish the proposed Vedanta University in western Orissa

Following report is from the http://www.orissasambad.com:

NOTE: Earlier it was also reported in the Dharitri that Vedanta should establish a full fledged University at Kalahandi.

January 2, 2011 at 10:57 am Leave a comment

A difficult year for BJD government in Orissa

Following is a PTI report taken from MSN:

Siddhartha Kanungo
Bhubaneswar, Dec 23 (PTI) After a smooth decade at the helm, the BJD government in Orissa encountered stumbling blocks in 2010 with mega projects like Posco and Vedanta getting entangled in a mesh of green hurdles while rifts in the ruling party came to the fore.

The Orissa High Court passed severe strictures declaring land acquisition for the proposed Rs 15,000-crore Vedanta University project in Puri district as illegal, prompting Opposition Congress and BJP to launch a vigorous “oust Naveen” campaign.

As the court also directed the state government to return over 6,000 acres of land, including some belonging to Lord Jagannath, to the original owners, Opposition disrupted the Assembly for many days during the winter session seeking Patnaik”s ouster for the “illegalities” committed.

While Opposition parties launched statewide stir and rallies seeking Naveen”s resignation besides action against Vedanta and officers involved in illegal land acquisition for the project along Konark-Puri marine drive, an unfazed state government challenged the HC verdict in Supreme Court.

Though still grappling with the Opposition onslaught, the Naveen government suffered yet another blow with the Supreme Court taking a serious view of alleged diversion of funds and non-implementation of rural job guarantee programme – MGNREGA in Orissa and favouring a central probe into the matter.

Pulling up the government on a PIL, the apex court also asked as to why a CBI probe should not be ordered into alleged irregularities in MGNREGA, under which Rs 40,000 crore were being released by the Centre annually.

Salvos against BJD regime from courts were fired when Orissa High Court in July set aside the state government”s recommendation for prospecting license over Khandadhar iron ore reserve in favour of Posco-India for its proposed Rs 51,000 crore steel project near Paradip. Making adverse observations against the government, the court also lamented that the state not only lacked a proper mines and mineral policy but its mining scenario also continued to be in a mess.

The mega steel project failed to take off though Posco-India had signed an MoU with Orissa government way back in June, 2005 for setting up its 12 mtpa greenfield plant due to stiff opposition from locals and procedural delay. Finally, when Jagatsinghpur district administration launched land acquisition for the South Korean steel major, Union Environment Ministry, in early August, directed Orissa government to halt all project related activities at the proposed site near Paradip.

December 24, 2010 at 12:43 pm Leave a comment

Vedanta, defying `Avatar’ protest, seeks to mine Orissa bauxite this year:http://www.bloomberg.com

Following is a report from http://www.bloomberg.com:

Vedanta Resources Plc, battling criticism from environmental groups and some shareholders over plans to extract bauxite in India’s Niyamgiri mountains, said it may begin mining at the site as early as the end of the year.

“All is going well,” Vedanta Chief Executive Officer Mahendra Singh Mehta said in an interview in London. “It shouldn’t take more than three weeks for the government to decide” on approvals after it receives an environment ministry report scheduled for this month.

The mine, key to Vedanta’s plans to meet its targets to expand refining, has been delayed for more than four years as human rights and environmental groups raised concerns about pollution and the effects on the local tribal community. Vedanta on Feb. 9 said it “strongly” denied Amnesty International’s allegations that residents in the region have been displaced.

Some shareholders also protested against the company’s handling of the affair, with 12.8 percent voting against the remuneration report at the July 28 annual general meeting. Aviva Investors, the fund unit of the U.K.’s second-largest insurer, said it would vote against three resolutions.

Environmental and human-rights protesters gathered outside the meeting, some shouting, “Vedanta, Vedanta out” and others painted blue, like characters from the movie “Avatar” about an alien tribe’s battle to save its planet from a corporation determined to strip its raw materials.

Dutch pension fund PGGM said on July 7 it sold 13 million euros ($17 million) of Vedanta stock and the Church of England offloaded its shares in February.

‘No Habitation’

“Certain NGOs complain that the consultation isn’t complete and human rights issues are raised,” Mehta said. “The fact is that the project has undergone a very vigorous consultation process. We are very positive; it’s taking longer time, no problem. We are in the final approval stage.”

India formed a panel to investigate the potential effect of mining on tribes and wildlife in Orissa, reviewing earlier reports on use of forest land, the Ministry of Environment and Forests said June 30. It would offer findings within 30 days.

“There is no habitation on and near the proposed mining area,” Mehta said. “They are reviewing it once again so nothing is left out.” The hills around the site are about 1,400 meters (4,600 feet) high and nobody lives in the area because there aren’t any bodies of water or vegetation, he said.

Vedanta plans to transfer bauxite from the mine to its alumina refinery, about 5 kilometers (3 miles) from the hills, through a pipeline, Mehta said in an interview on July 28. Aluminum is made from alumina refined from bauxite.

‘Environment-Friendly’

“Laying a conveyor from the mine to the refinery will take about 3-6 months,” Mehta said. “Normally the bauxite transportation is done by trucks, which creates pollution; this is a very environment-friendly way.”

Bauxite in the hills, totaling about 80 million metric tons, is 1 or 2 meters from the surface and the “best in its class in the world,” he said. “You just scrape the surface, no blasting is needed. It could be converted to alumina at a cost far lesser than any of the bauxites in the world.”

Vedanta today reported record first-quarter earnings before income, tax, depreciation and amortization, which more than doubled to $793.9 million from $354.7 million a year earlier.

To contact the reporters on this story: Firat Kayakiran in London at fkayakiran@bloomberg.net;

July 30, 2010 at 1:42 pm 2 comments

Will Vedanta University relocate to Tamil Nadu or Andhra Pradesh?

Following is a report from the http://www.businessworld.in:

https://i2.wp.com/www.businessworld.in/bw/image/Economy/Development/vedenta-university-lrg.jpg

Anil Agarwal’s projects in Orissa seem to be running into rough weather. His Niyamgiri Hills mining project has received a fresh blow with the Attorney General endorsing the environment ministry’s powers to not give clearance to the project. Agarwal’s other project in Orissa — Vedanta University — seems to be going nowhere. It appears it would take years before the first brick is laid on his most ambitious, and grandest, education project.

Agarwal, founder of London-based Vedanta Group, turned heads in 2006 when he said he would set up an 8,000-acre, $3-billion university under the aegis of Vedanta Foundation (which later changed its name to Anil Agarwal Foundation or AAF) in the state’s coastal town of Puri. He also offered $1 billion from his personal funds. Agarwal’s holding in his companies is worth more than $10 billion (as on 31 March 2010).

However, as with most projects requiring land acquisition, the university project, too, got mired in controversy. On 17 March, Orissa Lok Pal Justice P.K. Patra recommended a vigilance probe against AAF’s land deals. In May, the environment and forests ministry withheld clearance for the university, citing “irregularities, illegal, unethical and unlawful deeds”.

With the odds stacked against it, AAF is weighing other options. “Two states have extended an invitation; a decision is likely to be taken on a new site in two months,” says Ajit Kumar Samal, in-charge of the university project. He, however, refuses to divulge more details. Experts say the alternatives to Orissa could be Tamil Nadu and Andhra Pradesh, which have good educational infrastructure. “Any place near Hyderabad or Chennai would be a good location,” says Narayanan Ramaswamy, head of education practice at consultancy firm KPMG.

The more important question, though, is: is a large university of this kind feasible in India?

Too Ambitious?
Vedanta’s justification for requiring so much land is simple — to build an institution on the lines of Stanford and Harvard. The 8,180-acre Stanford University was established in 1891. Harvard, set up in 1636, is the oldest institution of higher learning in the US, and has about 5,000 acres. But both were set up when land was not a precious commodity. Besides, the US is a far bigger country than India, and can afford to have universities of such scale.

For a densely-populated country like India, 8,000 acres of contiguous land — later scaled down to 6,000 acres — for a university is hugely ambitious. Delhi’s Jawaharlal Nehru University, for instance, has only 1,000 acres. Large universities like Hyderabad Central University and Banaras Hindu University have 2,300 acres and 1,300 acres, respectively. Utkal University, Orissa’s largest, functions in 400 acres.

“In today’s age of high-speed broadband communication, there is no need to be hell-bent on geographical proximity,” says Ramaswamy. The entire knowledge city in Dubai, which houses 30 universities and 450 business partners catering to over 40,000 students, functions well within about 575 acres of land.

Samal doesn’t agree, though. “The architecture is prepared keeping in mind the topography of the place. In Puri, there are no high-rise buildings and hence a ‘horizontal’ plan.”

But now, with Vedanta talking about other states’ interest in the university project, what happens to the 4,000 acres already acquired for it by the Orissa government?

Cheap Land
AAF doesn’t seem to have given it much thought. Developing this as an off-campus could be an option. But locals say the land acquisition is just on paper and “the land will continue to belong to those who reside on it now”. Samal says that AAF has spent Rs 100 crore on land acquisition so far. For 4,000 acres, that works out to Rs 2.5 lakh per acre, among the cheapest rates in India. The area is strategically located between Puri and Konark on the sea coast.

Click here to view enlarged image
Click here to view enlarged image

Others, too, have got land at cheap rates in Orissa for educational institutes. Harivansh Chaturvedi, director of Greater Noida’s Birla Institute of Management Technology (Bimtech), says that Orissa had offered land at Rs 7 lakh per acre in 2001; Bimtech bought 30 acres for Rs 2.20 crore. Haryana had offered 7 acres for Rs 17 crore. In 1985, Xavier Institute of Management was given 20 acres with a building at Bhubaneswar for free. The institute, in turn, reserves 50 per cent seats for local students.

AAF’s other option is to monetise the real estate by coaxing technology giants such as IBM, Wipro, TCS and Infosys to set up research facilities in the campus. It also wants to invite venture capitalists to fund start-ups doing research projects and develop this as a hub of innovation, in much the same way as Stanford does.

However, this won’t be easy. According to Praveen Bhagdada, manager at Bangalore-based Zinnov Management Consulting, technology companies weigh the pros and cons of an institute before signing up with it. “It is early days yet,” says an executive with a top IT firm.

Companies such as Hewlett-Packard, IBM, Motorola, Mitsubishi and Lockheed Martin are located in the Stanford Industrial Park. Blue-chip companies such as Silicon Graphics, Sun Microsystems and Cisco had begun as ideas in the university’s computer science department.

Agarwal would be hoping for a similar miracle in India. Whether that will happen in Orissa or somewhere else, or whether it will happen at all, is a billion-dollar question.

shalini dot sharma at abp dot in (This story was published in Businessworld Issue Dated 02-08-2010)

July 25, 2010 at 2:07 pm Leave a comment

Indian environment ministry puts on hold Vedanta varsity in Orissa:IANS

Following is a report by IANS published in http://www.thaindian.com:

New Delhi, May 11 (IANS) The environment ministry Tuesday put on hold construction of the Rs.150 billion Vedanta University in Orissa by the Anil Agarwal Foundation following complaints of irregularities.
The ministry said it had received information alleging irregularities and “illegal, unethical and unlawful deeds” by the foundation.

It said serious objections raised during the Orissa Coastal Zone Management Authority meeting were not appropriately considered while granting coastal regulation zone (CRZ) and environmental clearances.

“The above issues are relevant and important and predict a detailed examination. I have been directed to inform you that the environmental and CRZ clearances issued on April 16, 2010 shall be kept in abeyance till a final decision in the matter is taken by the ministry,” said Bharat Bhushan, director in the ministry, in a letter to the foundation.

The ministry asked the company not to proceed with any construction or development works till a detailed examination of all the issues raised are examined by its Expert Appraisal Committee.

The Anil Agarwal foundation is promoted by NRI billionaire and chairman of Vedanta Resources, Anil Agarwal.

It has proposed to set up the multi-disciplinary Vedanta University over 6,000 acres of land near the Konark-Puri marine drive, some 60 km from the state capital Bhubaneswar.

This not-for-profit university has been envisaged as one-of-its-kind institution for quality higher education and cutting-edge research in 95 disciplines for 100,000 students.

May 11, 2010 at 5:54 pm Leave a comment

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