Odisha approves 11 projects worth Rs 2,841 cr

11 May 2023 CW Team

According to a senior official, the Odisha government has approved 11 projects totaling Rs 2,841 crore in investment. The projects, which will be built in the districts of Bolangir, Ganjam, Jagatsinghpur, Khurda, Mayurbhanj, Rayagada, Sambalpur, and Sundargarh, are expected to employ 3,721 people.

According to Chief Secretary PK Jena, the approval was granted at the State Level Single Window Clearance Authority (SLSWCA) meeting on Monday. Nine of the 11 projects were proposed by companies that attended the Make in Odisha conclave in December of last year. According to another official, the projects range from aluminium to steel, chemicals, plastics, food processing and packaging, textiles and apparel, tourism, and renewable energy.

Among the approved projects is a Rs 896.98 crore steel plant for RCR Steel Works in Jamda, Mayurbhanj district. It is anticipated that 750 people will be employed. The committee also approved the proposal to expand Utkal Alumina International in Rayagada district and Hindalco Industries in Sambalpur's Lapanga district. These projects are expected to generate nearly Rs 1,000 crore in investment and 500 jobs.

The SLSWCA also approved Mahindra Holidays and Resorts India's project proposal to build a resort on Somolo Island of Chilika Lake in Ganjam district for Rs 228.45 crore. The committee approved the establishment of an Ion Exchange (India) project, a manufacturing unit in Paradip with an investment of Rs 303 crore. It will generate employment for 150 people. The Indian Stitches Private Limited will set up a fabric processing plant at Rs 100 crore. The project is expected to generate employment for 1,000 people.

Also Read
Adani Ports to make an early $130 million debt payment
Paradip Port aims to be the finest among the major ports

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..