The Company has received a letter on 15th March, 2024 from the Industrial Promotion & Investment Corporation of Odisha Limited (IPICOL) informing that the State Level Single Window Clearance Authority in its meeting held on 23rd February, 2024 has approved "in principle" the proposal of the Company for setting up a Defence Explosives, Raw Materials & Ammunition Plant, in three phases at Rayagada District in Odisha with an Investment of about Rs. 864.00 Crore, subject to fulfilment of customary conditions by the Company.
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