Home » Business » Odisha CM approved 12 key industrial projects with a cumulative investment of ₹84,918.75 Cr.

Odisha CM approved 12 key industrial projects with a cumulative investment of ₹84,918.75 Cr.

Bhubaneswar:24/11/23:Giving a major impetus to industrial development in Odisha, the High-Level Clearance Authority (HLCA) led by CM Naveen Patnaik approved 12 key industrial projects with a cumulative investment of ₹84,918.75 Cr. These projects in Apparel & Textiles to Green Hydrogen and Green Ammonia, Steel, Power, and Renewable Energy, Chemical & petroleum chemical downstream sectors are set to create employment opportunities for 42,281 people in several districts.

Among the projects, 3 major proposals from Welspun Group have been approved by the HLCA including the establishment of a Textile and Logistics Facility at Choudwar in Cuttack by Welspun Living with investment of ₹3,050 Cr and employment potential for 20,210 people. Welspun Corp has also received green light to invest ₹3,137 Cr in Steel downstream sector which will generate employment for 3,830 individuals in Sambalpur.

The HLCA has also approved proposal from Welspun New Energy for the establishment of a Green Ammonia manufacturing unit in Kendrapara with an investment of ₹13,860. A proposal from Sembcorp Green Hydrogen India to establish Green Ammonia Manufacturing Unit in Gopalpur, Ganjam at cost of ₹13,000 Cr & employment potential for 1,250 individuals has also been approved.

In the Power & Renewable Energy sector, NTPC’s proposal for a 800 MW superthermal power plant in Sundargarh, with ₹9,208.36 Cr investment has received a green light from the HLCA. Orissa Metallurgical Industry has also received approval for investing ₹5200 Cr to set up a 2 MTPA Integrated Steel Plant, 240 MW Captive Power Plant, and 1 MTPA Cement Grinding Unit, generating employment for 6,000 Individuals in Jharsuguda.

The HLCA has further approved a proposition from ReNew E-Fuels to invest ₹10,005 Cr for a Green Hydrogen (100 KTPA) and green Methanol (500 KTPA) manufacturing unit in Malkangiri. The proposal from ReNew E-Fuels for setting up Green Hydrogen (60 KTPA) and green Methanol (300 KTPA) manufacturing unit in Rayagada at the cost of ₹9,000 Cr has been approved.

Other projects which have received HLCA nod include, Tata Steel’s HR & CR Coil plant in Dhenkanal valued at ₹10,351.11 Cr, BMW Industries’ production plant in steel sector in Jajpur worth ₹1,094.82 Cr, Ind Barath Energy Utkal’s Ultra Super Critical Coal Fired Thermal Power Project in Jharsuguda and Aegis Vopak’s project to establish a Greenfield Tank Storage Facility for liquid Ammonia in, Gopalpur, Ganjam.

Details of the approved projects:

May be an image of text


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.

Check Also

Union Minister Dharmendra Pradhan inaugurated a Skill India Centre (SIC) in Angul

Angul: 4/3/24:Union Minister of Education and Skill Development & Entrepreneurship, Dharmendra Pradhan, today inaugurated a Skill India Centre (SIC) in Angul that equips the Yuva Peedhi with employability and new-age ...