Rs 250 billion solar equipment factory approved by HLCA in Odisha
POWER & RENEWABLE ENERGY

Rs 250 billion solar equipment factory approved by HLCA in Odisha

The high level clearance authority (HLCA) of the state government gave its approval to five major industrial projects, a week before Chief Minister Naveen Patnaik travels to Japan to seek out investments for Odisha. It is recommended that the IT and electronics system design and manufacturing (ESDM) sectors, steel, chemicals, textile, and green energy equipment industries be established in the districts of Dhenkanal, Jagatsinghpur, Keonjhar, and Bhadrak. Around 38,000 job possibilities would be created for the people of the state by the large projects approved by the HLCA and led by the CM.

According to sources, the committee approved two projects in the steel industry and one each in the fields of green energy and machinery, IT and ESDM, chemicals, and technological textiles. The HLCA has accepted WAREE Energies Limited's proposal to build an integrated solar equipment manufacturing complex at Neulopoi in the Dhenkanal district, which will cost Rs 250 billion. The company will produce a polysilicon of 50,000 MT and 10,000 MW of ingot, wafer, solar cell, and solar module units, respectively.

This project, which has been called the largest manufacturing facility in eastern India, would create an environment for additional investment in the industry. Over 14,000 people are anticipated to receive employment chances as a result. The proposal by Super Smelters Limited to build a 1.8 MTPA integrated steel factory in the Keonjhar district with a Rs 54.36 billion investment and the potential to employ 19,000 people was also approved by the committee.

The HLCA approved another steel project by Kashvi Power and Steel Private Limited. With an expenditure of Rs 16 billion, the business would construct an integrated steel mill in the Keonjhar district. More than 3,500 workers will be employed by this 0.55 MTPA capacity factory.

The high level clearance authority (HLCA) of the state government gave its approval to five major industrial projects, a week before Chief Minister Naveen Patnaik travels to Japan to seek out investments for Odisha. It is recommended that the IT and electronics system design and manufacturing (ESDM) sectors, steel, chemicals, textile, and green energy equipment industries be established in the districts of Dhenkanal, Jagatsinghpur, Keonjhar, and Bhadrak. Around 38,000 job possibilities would be created for the people of the state by the large projects approved by the HLCA and led by the CM. According to sources, the committee approved two projects in the steel industry and one each in the fields of green energy and machinery, IT and ESDM, chemicals, and technological textiles. The HLCA has accepted WAREE Energies Limited's proposal to build an integrated solar equipment manufacturing complex at Neulopoi in the Dhenkanal district, which will cost Rs 250 billion. The company will produce a polysilicon of 50,000 MT and 10,000 MW of ingot, wafer, solar cell, and solar module units, respectively. This project, which has been called the largest manufacturing facility in eastern India, would create an environment for additional investment in the industry. Over 14,000 people are anticipated to receive employment chances as a result. The proposal by Super Smelters Limited to build a 1.8 MTPA integrated steel factory in the Keonjhar district with a Rs 54.36 billion investment and the potential to employ 19,000 people was also approved by the committee. The HLCA approved another steel project by Kashvi Power and Steel Private Limited. With an expenditure of Rs 16 billion, the business would construct an integrated steel mill in the Keonjhar district. More than 3,500 workers will be employed by this 0.55 MTPA capacity factory.

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?