Odisha govt nods industrial investment projects worth Rs 2171.82 cr

06 Sep 2021 CW Team

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

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..