Odisha Approves 26 Projects Worth Rs 5,992 Crore

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By Rediff Money Desk, Bhubaneswar   Jul 10, 2024 19:30

Odisha government approves 26 investment projects worth Rs 5,992.92 crore, creating over 19,000 jobs across steel, chemicals, renewable energy, and more.
Odisha Approves 26 Projects Worth Rs 5,992 Crore
Bhubaneswar, Jul 10 (PTI) The Odisha government on Wednesday approved 26 investment projects worth Rs 5,992.92 crore, which are expected to create employment for more than 19,000 persons, an official statement said.

The State Level Single Window Clearance Authority (SLSWCA) led by Chief Secretary Manoj Ahuja has approved a series of projects across diverse sectors including steel, chemicals, renewable energy, textiles, manufacturing, packaging, food processing, IT, infrastructure, and tourism, it said.

These projects will be implemented in 14 districts including Mayurbhanj, Sundargarh, Sambalpur, Kendujhar, Ganjam, Jagatsinghpur, Khurda, Jharsuguda, Boudh, Koraput, Balasore, Cuttack, Bhadrak, and Puri.

According to the statement, the state government has approved the proposal of GM Iron and Steel Company Limited to establish a 0.23 million tonne per annum (MTPA) integrated steel plant along with downstream and upstream facilities and a 45 MW captive power plant in Mayurbhanj district with an investment of Rs 745 crore.

The proposal of Shyamshakti Metals Pvt Ltd to establish a structural and pipe manufacturing unit in Rengali, Sambalpur, with an investment of Rs 650 crore also got the approval of the government.

Similarly, Shree Ganesh Metaliks Limited has proposed to expand its integrated steel plant in Sundargarh with a projected cost of Rs 604.99 crore, which was also approved by the SLSWCA.

Among other steel projects, the government has approved the proposal of Bhaskar Steel and Ferro Alloy Pvt Ltd (Rs 530 crore), Times Steel And Power Pvt Ltd (Rs 432.50 crore), Aryan Ispat and Power Pvt Ltd (Rs 323 crore), and SSAB Energy and Minerals Ltd (Rs 212 crore).

In the chemical sector, the government has approved the investment projects of Eternis Fine Chemicals Ltd (Rs 300 crore), Odisha Chemtech Pvt Ltd (Rs 149.45 crore), and Indian Explosives Pvt Ltd (Rs 54.60 crore).

In the renewable energy sector, Envirocare Infrasolution Private Limited has promised to up a 100 MW ground-mounted solar photovoltaic captive power plant in Boudh, with an investment of Rs 351.00 crore while Solisys Solar Pvt Ltd will invest Rs 59.50 crore to establish a manufacturing facility for solar modules in Khurda, the statement said.
Source: PTI
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