Odisha News Insight

Odisha Approves Investment Proposals Worth Rs 6400Cr

The 25th High Level Clearance Authority chaired by Chief Minister Naveen Patnaik, on Wednesday, issued in-principle approval to three major industrial projects to the tune of Rs 5358.24 Crore in the Metal & Metal Downstream, Cement and Refinery & Petrochemicals sectors. These three industrial projects are expected to create 3667 employment opportunities in the state.      

Also Read: Odisha Approves Five Mega Investment Proposals Worth Rs. 92,713 Crores

Here are the details of the three projects –

  • Expansion of Yazdani Steel & Power Limited’s Integrated Steel Plant from a capacity of 0.07 MTPA to 1.19 MTPA against an investment of INR 2415 crores in Kalinganagar, Jajpur. Potential employment opportunities for over 2867 persons. 
  • Additional Clinker capacity of 1.32 MTPA and Cement capacity of 1.05 MTPA by Shiva Cement Limited (SCL) against an investment of Rs 1523.24 Crore to be set up at Telighana, Kutra, Sundargarh. Potential employment opportunities for over 600 persons.
  • Development of Crude Oil Terminal to be set up by Numaligarh Refinery Ltd (NRL) at Paradeep in Jagatsinghpur with an investment of Rs 1420 Crore, which will generate potential employment opportunities for over 200 persons.

Besides, the State Level Single Window Clearance Authority (SLSWCA) chaired by Chief Secretary Suresh Chandra Mahapatra also cleared 5 industrial projects to the tune of Rs 1085.08 Crore in the Metal & Metal Downstream, Fertilizers, Food Processing and Tourism sectors. These five industrial projects are expected to create 964 employment opportunities in the state.

Here are the details of the five projects –

  • A sulphuric acid expansion project unit with an additional annual capacity of 6,60,000 MT by Indian Farmers Fertiliser Cooperative Limited (IFFCO) against an investment of INR 400 crores to be set up at Paradip, Jagatsinghpur, which will generate potential employment opportunities for over 21 persons.
  • 0.04 MTPA Ferro Manganese plant/ 0.03 MTPA Silico Manganese, 0.12 MTPA Manganese Beneficiation, 1 MTPA Iron ore Beneficiation and 18 MW CPP plant by Patnaik Minerals Private Limited in Sundergarh at an investment of INR 243 crores, which will generate potential employment opportunities for over 156 persons.●
  • A 250 KLPD grain-based distillery unit for manufacturing of Ethanol and Extra-Neutral Alcohol (ENA), and IMFL/IMIL bottling unit along with a 5.50 MW cogeneration power to be set up by Premier Alcobev Private Limited at Bamra in Sambalpur with an investment of INR 275 crores, which will generate potential employment opportunities for over 300 persons.
  • A 116 KLPD grain-based distillery plant (IMFL/ IMIL) (in two phases) and 1 lakh/month bottling plant to be set up by Cuttack Agrivet Pvt Ltd at Mundali in Cuttack against an investment of INR 112.50 crores, which will generate potential employment opportunities for over 367 persons.
  • A 4-Star- Hotel-cum-Resort by S J Developers and Housing Private Limited to be set up in Jasuapur, Pipili in Puri district with an investment of INR 54.58 crores, which will generate potential employment opportunities for over 120 persons.