Rs 250 billion solar equipment factory approved by HLCA in Odisha

04 Apr 2023 CW Team

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.

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