+
Odisha approves 11 projects worth Rs 2,841 cr
ECONOMY & POLICY

Odisha approves 11 projects worth Rs 2,841 cr

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

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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Insurance is not a cost; it is protection for the balance sheet

As infrastructure projects grow larger and more complex, their risk profiles are evolving beyond physical damage. Underinsurance, business interruption, supply-chain disruptions, climate volatility, surety and transactional exposures can all have significant financial consequences. Mohan Agrawal, Director and Business Lead - Construction, Infra & Warehousing, EDME Insurance Brokers, discusses these emerging risks and the gaps in conventional insurance practices in a conversation with KAVITA PARAB, CW. He explains why infrastructure players need to view insurance not merely as a cost, but a..

Next Story
Equipment

Optimising Earthmoving

Constituting India’s biggest fleet of construction equipment by type, earthmovers positively impact project outcomes and company bottomlines if best practices are adopted. Here’s a guide from CW.Select the right machineOne of the biggest challenges in using earthmovers isn’t machine failure but using the wrong machine configuration for the application, according to Chaitanya Bhagde, P&M Head, SHC Projects. “Unless equipment is deployed after considering the soil type, excavation depth, haul distance and production target, the application will face low productivity, longer time depl..

Next Story
Real Estate

We engineer the way architecture gets built

DALBIR SINGH, Founder, HAACE, on the company’s bespoke approach to translating ambitious architecture into precisely engineered and executed structures.What does bespoke construction mean to HAACE, and how is it different from conventional contracting?For HAACE, bespoke construction means choosing the construction methodology around the design rather than forcing the design into a standard template. Every project is studied around its architectural intent, structural requirements and execution challenges. We deliberately take on a limited number of projects because this approach demands atte..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code