Odisha approves 10 investment proposals worth Rs 74,620 cr

[Ferro-Alloys.wiki] The 29th meeting of the High-Level Clearance Authority (HLCA) held today under the chairmanship of Chief Minister Naveen Patnaik approved 10 industrial projects worth INR 74,620.18 crores that would generate employment opportunities for over 24,047 people in the State.

The wikimittee approved the proposal of ReNew EFuels Private Limited (REFPL) to set up Green Hydrogen (Capacity: 20 KTPA) and Green Ammonia Plant (Capacity: 100 KTPA) in Paradip, Jagatsinghpur district, against investment of INR 2000crorewhich will generate employment opportunities for 2000 persons. The establishment of these plants will have a pragmatic environmental impact since they will create ammonia and hydrogen using renewable resources, which will cater to the demand of steel and fertiliser sector in Odisha.

The wikimittee 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 INR 1000crore with employment opportunities for over 2451 people. This would give a significant boost to the Government of Odisha’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 HLCA gave a nod to Adani Enterprises Limited to set up a 4.0 MTPA Alumina Refinery and 175 MW CPP Plant in Kashipur, Rayagada district, against an investment of INR 41653 crore, which will generate employment opportunities for over 7750 people.

In addition, the panel gave nod to set up 2.5 MTPA steel plant and 370 MW CPP in Kalinga Nagar, Jajpur district, by Orissa Alloy Steel Pvt Ltd against an investment of INR 8000crores creating employment opportunities for 5000people.

Sompuri Infrastructures Private Limited got the approval to set up a 24 MTPA Pellet plant &6 MTPA of Filter Cake at Dhamra, in Bhadrak district, at an investment of INR 7811crore, which will generate employment opportunities for over 684people, a 30 MTPA Beneficiation plant at Deojhar, in Keonjhar district and a 30 MTPA Slurry Pipeline connecting its proposed 30 MTPA Beneficiation plant at Deojhar, in Keonjhar district to the proposed Pellet plant at Dhamra, in Bhadrak district against investments of INR 4592.18 crore and INR 3674 crore which will create employment opportunities for 250 and 600 persons respectively.

Approval was also given to Aarti Steels Limitedfor expansion of steel plant by setting up 3,20,833 TPA SMS, 3,00,000 TPA Special Steel Bars and Rods (auto grade), 75,000 TPA Ferro Alloys, 2 MTPA Beneficiation, 1.2 MTPA pellet plant and 65 MW CPPatAthgarh, in Cuttack districtat an investment of INR 3000 crore, which will generate employment for over 3587 people. This project will facilitate availability of raw materials to Auto wikiponent manufactures.

The wikimittee approved the proposal of Arcelor Mittal Nippon Steel India Limited for setting up a 6 MTPA Beneficiation Plant at Village Dalki and 12 MTPA Slurry Pipeline from proposed Beneficiation plant at Dalki to Dabuna Slurry pumping stationunit in Dalki, Keonjhar district against an investment of INR 1490crore generating employment opportunities for 600persons.

Rungta Metals Private Limited (RMPL) got the approval for setting up of 0.5 MTPA Integrated Steel Plant creating employment potential for 1125 persons against an investment of INR 1400 crore in Rairangpur in the district of Mayurbhanj.

One of the government’s key focus areas has been on employment-intensive sectors such as metal and metal downstream; the state is considered India’s mineral hub, with reserves of 92 percent chromite, 92 percent nickel, 52 percent bauxite, 44 percent manganese, 33 percent iron ore, and 24 percent coal. Odisha produces over half of the country’s iron ore, making it an attractive site for establishing steel plants. These sectors provide a wide range of prospects in a single package. Given the vast trained workforce in this sector, such industries contribute significantly to the state’s employment.

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