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Government of Odisha’s SLSWCA approves investment proposals worth Rs. 2172.92 crore

Bhubaneswar:24/7/20:+  The Government of Odisha has approved four investment proposals in sectors like Metal & Metal Downstreams worth over Rs. 2172.92 crores which would likely generate employment for 1,122 people in the 93rd State Level Single Window Clearance Authority (SLSWCA) meeting today.

The investment proposals got the go-ahead at a State Level Single Window Clearance Authority (SLSWCA) meeting chaired by Chief Secretary Shri Asit Kumar Tripathy in Bhubaneswar (Odisha) wherein Shri Hemant Sharma, Principal Secretary, Industries outlined the project proposals for consideration.

The SLSWCA approved four planned projects which included the following:

  • In a big boost to the State’s Metal Downstream sector, M/s Rungta Mines Limited is looking at setting up 34 MTPA beneficiation plant in two phases, with an investment of Rs. 975 crore and providing employment to about 290 people.
  • In addition, another proposal of M/s Rungta Mines Limited will be setting up 20 MTPA underground slurry Pipe Line from its proposed beneficiation Plant at Bonai/Champua sub-division to its 3 different plant locations, with an investment of Rs. 951 crore of capacity providing employment opportunities for 72 people.
  • M/S Shyam Metalics and Energy Limited for expansion of its Pellet Plant from 0.3 MTPA to 1.2 MTPA capacity at with a total investment of Rs. 76.92 crore and employing around an additional 610 people.
  • The proposal of M/s Wellman Steels Gangeya Supply Agency Private Limited for setting up 1.8 MTPA beneficiation Plant and 1.2 MTPA Pellet Plant, with an investment of Rs. 170 crore and will provide additional employment opportunities for 150 people.

Industries department has kept its momentum going and is gathering investments for Odisha.

 About IPICOL: 

Industrial Promotion and Investment Corporation of Odisha (IPICOL) is the single point of contact for all industrial investments in the State. IPICOL is responsible for devising the investment promotion, facilitation and aftercare strategy for the state of Odisha. IPICOL, as the investment promotion agency of the State of Odisha, undertakes all activities to promote Odisha as the investment destination of choice


About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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