Odisha Government Approves 26 Investment Projects
These projects will be implemented in 14 districts: Mayurbhanj, Sundargarh, Sambalpur, Kendujhar, Ganjam, Jagatsinghpur, Khurda, Jharsuguda, Boudh, Koraput, Balasore, Cuttack, Bhadrak, and Puri.
Key Approved Projects:
GM Iron and Steel Company Limited: Establishing a 0.23 million tonne per annum (MTPA) integrated steel plant and a 45 MW captive power plant in Mayurbhanj with an investment of Rs 7.45 billion. Shyamshakti Metals Pvt Ltd: Setting up a structural and pipe manufacturing unit in Rengali, Sambalpur, with an investment of Rs 6.5 billion. Shree Ganesh Metaliks Limited: Expanding its integrated steel plant in Sundargarh with a projected cost of Rs 6.4 billion. Bhaskar Steel and Ferro Alloy Pvt Ltd: Investing Rs 5.3 billionin their project. Times Steel And Power Pvt Ltd: Investment of Rs 4.32 billion. Aryan Ispat and Power Pvt Ltd: Project worth Rs 3.23 billion. SSAB Energy and Minerals Ltd: Investing Rs 2.12 billion.
Chemical Sector Projects:
Eternis Fine Chemicals Ltd: Investment of Rs 3 billion. Odisha Chemtech Pvt Ltd: Rs 1.49 billion investment. Indian Explosives Pvt Ltd: Project worth Rs 546 million. Renewable Energy Sector:
Envirocare Infrasolution Private Limited: Setting up a 100 MW ground-mounted solar photovoltaic captive power plant in Boudh with an investment of Rs 3.51 billion.
Solisys Solar Pvt Ltd: Investing Rs 595 million to establish a manufacturing facility for solar modules in Khurda. These projects are set to boost the economy and generate substantial employment opportunities across the state, marking a significant step in Odisha's industrial and infrastructural development.