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.

Next Story
Infrastructure Urban

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

Next Story
Infrastructure Urban

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Next Story
Infrastructure Energy

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement