+
Odisha govt nods industrial investment projects worth Rs 2171.82 cr
POWER & RENEWABLE ENERGY

Odisha govt nods industrial investment projects worth Rs 2171.82 cr

On Saturday, the State Level Single Window Clearance Authority (SLSWCA) meeting was held under the Chairmanship of Chief Secretary Suresh Chandra Mahapatra accorded in-principle nod to 10 industrial investment projects envisaging investment worth Rs 2171.82 crore. Giving an in-principle approval to the proposals, Chief Secretary Mahapatra ordered the IDCO to do a scientific assessment of the real requirement of land and water for the units for optimising the usage of land. Concerned departments were asked to promote early grounding of the projects through quick clearances and permissions.

Presenting details of the investment proposals, Principal Secretary, Industry, Hemant Kumar Sharma, said that the Proposals are essentially from the sectors like tourism, ethanol production, coal tar, cement grinding, food processing, and renewable energy.

He outlined the financial and technical credibility of the industrial houses that presented the proposals. Bhoopinder Singh Poonia, Industrial Promotion & Investment Corporation of Odisha (IPICOL) MD, submitted project-wise details for discussion.

The panel permitted My Home Industries Private Limited (MHPL) proposals to install a 3 mtpa Cement Grinding unit in Jajpur district with an investment of Rs 650 crores and job opportunities for more than 750 persons.

The committee approved a project by Ramco Cements to develop its existing cement plant with an extra 0.9 mtpa grinding capacity at Haridaspur in Jajpur at an investment worth Rs 190 crore.

The panel approved the Rs 205 crore expansion project of L N Metallics’ existing plant at Tripura in the Jharsuguda district. It approved the proposal of VCI Chemical Industries to install a coal tar distillation plant of Rs 210 crore in Jajpur.

To promote the renewable energy sector, the state government has decided to increase financial incentives for the electric vehicle manufacturing industries, buyers, along with several tax waivers for the coming five years.

It has passed the proposal to install a food processing plant at Panimura in Subarnapur district of Mash BioFuels at an investment worth Rs 258.05 crore, a Rs 100-crore ethanol plant of Vibrant Spirits in Bargarh.

The panel has also approved proposals of three luxury hotels, comprising a five-star facility, at an investment worth Rs 181.6 crore in Bhubaneswar.

It approved the proposal of ArcelorMittal Nippon Steel India Limited to install a Riverine Jetty at Udayabata, Jagatsinghpur, with an investment of Rs 150 crores and job opportunities for more than 280 persons.

Image Source


Also read: Karnataka enters pact with 23 firms for Rs 28k cr infra investments

On Saturday, the State Level Single Window Clearance Authority (SLSWCA) meeting was held under the Chairmanship of Chief Secretary Suresh Chandra Mahapatra accorded in-principle nod to 10 industrial investment projects envisaging investment worth Rs 2171.82 crore. Giving an in-principle approval to the proposals, Chief Secretary Mahapatra ordered the IDCO to do a scientific assessment of the real requirement of land and water for the units for optimising the usage of land. Concerned departments were asked to promote early grounding of the projects through quick clearances and permissions. Presenting details of the investment proposals, Principal Secretary, Industry, Hemant Kumar Sharma, said that the Proposals are essentially from the sectors like tourism, ethanol production, coal tar, cement grinding, food processing, and renewable energy. He outlined the financial and technical credibility of the industrial houses that presented the proposals. Bhoopinder Singh Poonia, Industrial Promotion & Investment Corporation of Odisha (IPICOL) MD, submitted project-wise details for discussion. The panel permitted My Home Industries Private Limited (MHPL) proposals to install a 3 mtpa Cement Grinding unit in Jajpur district with an investment of Rs 650 crores and job opportunities for more than 750 persons. The committee approved a project by Ramco Cements to develop its existing cement plant with an extra 0.9 mtpa grinding capacity at Haridaspur in Jajpur at an investment worth Rs 190 crore. The panel approved the Rs 205 crore expansion project of L N Metallics’ existing plant at Tripura in the Jharsuguda district. It approved the proposal of VCI Chemical Industries to install a coal tar distillation plant of Rs 210 crore in Jajpur. To promote the renewable energy sector, the state government has decided to increase financial incentives for the electric vehicle manufacturing industries, buyers, along with several tax waivers for the coming five years. It has passed the proposal to install a food processing plant at Panimura in Subarnapur district of Mash BioFuels at an investment worth Rs 258.05 crore, a Rs 100-crore ethanol plant of Vibrant Spirits in Bargarh. The panel has also approved proposals of three luxury hotels, comprising a five-star facility, at an investment worth Rs 181.6 crore in Bhubaneswar. It approved the proposal of ArcelorMittal Nippon Steel India Limited to install a Riverine Jetty at Udayabata, Jagatsinghpur, with an investment of Rs 150 crores and job opportunities for more than 280 persons. Image Source Also read: Karnataka enters pact with 23 firms for Rs 28k cr infra investments

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code