Adani to build Rs 840 billion coal-to-chemical plant in Odisha
ECONOMY & POLICY

Adani to build Rs 840 billion coal-to-chemical plant in Odisha

Adani Enterprises will establish a Rs 840 billion coal-to-chemical plant in Sundargarh district, Odisha, creating at least 36,000 jobs, according to a statement from the state government.

The project was among 12 major investment proposals worth Rs 1.42 trillion approved by the 42nd High-Level Clearance Authority (HLCA) chaired by Chief Minister Mohan Charan Majhi on Saturday. Together, these projects are expected to generate around 50,000 employment opportunities.

In total, the government approved 33 industrial projects valued at Rs 1.46 trillion, including 21 projects worth Rs 4.02 billion cleared by the Single-Window Committee headed by Chief Secretary Manoj Ahuja. The projects span 14 districts and cover diverse sectors such as IT, aerospace and defence, steel, aluminium, power, renewable energy, chemicals, semiconductors, and rare earth materials.

Among the key investments:

Jindal India Power Limited will set up an ultra-supercritical thermal power plant in Angul at a cost of Rs 140 billion.

ACME Akshay Energy Pvt Ltd will invest Rs 124.2 billion and Rs 23.4 billion in green methanol and green ammonia units in Kendrapara district.

CESC Green Power will invest Rs 45 billion in Dhenkanal to build a solar cell, module, and advanced battery component facility.

Hindalco Industries Limited has proposed an aluminium plant in Sambalpur worth Rs 105.2 billion.

UPL Limited will establish a specialty chemicals complex in Jagatsinghpur with Rs 40 billion.

Himadri Advance will invest Rs 26 billion in silicon carbon for anode manufacturing in Dhenkanal.

Pareek Innovative Solutions plans a titanium metal and titanium dioxide plant in Ganjam worth Rs 21 billion.

Following the HLCA meeting, Chief Minister Mohan Charan Majhi said Odisha had set a new benchmark under the “Double Engine – One Vision, Double Impact” approach. He emphasised that the trust shown by both Indian and foreign investors reflected the state’s strong policies, efficient governance, and vision for a self-reliant Odisha.

Majhi added that 330 projects worth Rs 7.7 trillion had been cleared over the past 500 days through HLCA and single-window mechanisms, expected to create 470,000 jobs across the state. Of these, 76 projects have already been fast-tracked, eight inaugurated, representing a combined investment of Rs 2.04 trillion and generating around 163,000 direct jobs.

Adani Enterprises will establish a Rs 840 billion coal-to-chemical plant in Sundargarh district, Odisha, creating at least 36,000 jobs, according to a statement from the state government. The project was among 12 major investment proposals worth Rs 1.42 trillion approved by the 42nd High-Level Clearance Authority (HLCA) chaired by Chief Minister Mohan Charan Majhi on Saturday. Together, these projects are expected to generate around 50,000 employment opportunities. In total, the government approved 33 industrial projects valued at Rs 1.46 trillion, including 21 projects worth Rs 4.02 billion cleared by the Single-Window Committee headed by Chief Secretary Manoj Ahuja. The projects span 14 districts and cover diverse sectors such as IT, aerospace and defence, steel, aluminium, power, renewable energy, chemicals, semiconductors, and rare earth materials. Among the key investments: Jindal India Power Limited will set up an ultra-supercritical thermal power plant in Angul at a cost of Rs 140 billion. ACME Akshay Energy Pvt Ltd will invest Rs 124.2 billion and Rs 23.4 billion in green methanol and green ammonia units in Kendrapara district. CESC Green Power will invest Rs 45 billion in Dhenkanal to build a solar cell, module, and advanced battery component facility. Hindalco Industries Limited has proposed an aluminium plant in Sambalpur worth Rs 105.2 billion. UPL Limited will establish a specialty chemicals complex in Jagatsinghpur with Rs 40 billion. Himadri Advance will invest Rs 26 billion in silicon carbon for anode manufacturing in Dhenkanal. Pareek Innovative Solutions plans a titanium metal and titanium dioxide plant in Ganjam worth Rs 21 billion. Following the HLCA meeting, Chief Minister Mohan Charan Majhi said Odisha had set a new benchmark under the “Double Engine – One Vision, Double Impact” approach. He emphasised that the trust shown by both Indian and foreign investors reflected the state’s strong policies, efficient governance, and vision for a self-reliant Odisha. Majhi added that 330 projects worth Rs 7.7 trillion had been cleared over the past 500 days through HLCA and single-window mechanisms, expected to create 470,000 jobs across the state. Of these, 76 projects have already been fast-tracked, eight inaugurated, representing a combined investment of Rs 2.04 trillion and generating around 163,000 direct jobs.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement