Odisha approves 10 investment proposals worth Rs 74,620 crore

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Odisha government has approved 10 industrial projects worth Rs 74,620.18 crores that would generate employment opportunities for over 24,047 people in the state during the 29th meeting of the High-Level Clearance Authority.

The HLCA gave a nod to Adani Enterprises Limited to set up a 4.0 million mt per annum alumina refinery and 175 MW CPP Plant in Kashipur, Rayagada district, against an investment of Rs 41,653 crore, which will generate employment opportunities for over 7,750 people.

The committee approved the proposal of ReNew EFuels Private Limited (REFPL) to set up Green Hydrogen (Capacity: 20,000 mt per annum) & Green Ammonia Plant (Capacity: 100,000 mt per annum) in Paradip, Jagatsinghpur district, against investment of Rs 2,000 crore which will generate employment opportunities for 2,000 persons.

The committee also gave approval for setting up of 60,000 mt industrial structure and 6,000 mt steel plant equipment facilities to Tata Steel Limited (Growth Shop) against an investment of Rs 1,000 crore with employment opportunities for over 2,451 people.

This would give a significant boost to the state government’s “Vision 2030: Development of Downstream Units in Metal Sector”, which offers short, medium, and long-term interventions to accelerate the business ecosystem for metal sector downstream units.

The committee approved the proposal of ArcelorMittal Nippon Steel India Limited for setting up a 6 million mt per annum Beneficiation Plant at village Dalki and 12 million mt per annum Slurry Pipeline from proposed Beneficiation plant at Dalki to Dabuna Slurry pumping station unit in Dalki, Keonjhar district against an investment of Rs 1,490 crore generating employment opportunities for 600 persons.

In addition, the panel also gave nod to set up 2.5 million mt per annum steel plant and 370 MW CPP in Kalinga Nagar, Jajpur district, by Orissa Alloy Steel Pvt Ltd against an investment of Rs 8,000 crore creating employment opportunities for 5,000 people.

Among other projects, Sompuri Infrastructures Private Limited got the approval to set up a 24 million mt per annum pellet plant and 6 million mt per annum of Filter Cake at Dhamra, in Bhadrak district at an investment of Rs 7,811 crore.