Odisha approves investment proposals worth Rs 39,271 cr

24 Sep 2024 CW Team

These approved projects encompass electronics system design and manufacturing (ESDM), steel, metal downstream, chemicals, cement, green ammonia, and rubber/plastics. They will be established across eight districts: Khurda, Dhenkanal, Jagatsinghpur, Cuttack, Sambalpur, Ganjam, Balasore, and Keonjhar.

"This is our first HLCA meeting under the new government. We are committed to fostering an environment that supports industrial growth and economic development in Odisha. Our goal is to position Odisha as a premier investment destination in India. Over the next five years, we aim to attract diverse industries, making Odisha the industrial hub of India," stated Chief Minister Mohan Charan Majhi.

The Chief Minister emphasized the government's dedication to making Odisha one of the most business-friendly states, prioritizing industrialization and job creation. "The present agenda reflects our commitment to becoming an industrial hub with over Rs.39,000 crore in investments across various sectors, generating over 17,000 job opportunities," he added.

In the ESDM sector, three proposals have been approved: Silectric Semiconductor Manufacturing Private Limited for a Silicon Carbide Device manufacturing unit, Heterogeneous Integration Packaging Solutions Private Limited for a manufacturing plant for glass substrates used in semiconductor packaging, and Kaynes Circuits India Private Limited for a Printed Circuit Boards (PCBs) manufacturing unit. All these projects are located in Khurda district, with a combined investment of Rs 6,355.50 crore, creating 2,320 jobs.

In the chemicals sector, Laxmi Organic Industries Limited plans to set up a synthetic organic chemicals manufacturing unit in Jagatsinghpur, while Epigral Limited will establish a chemical manufacturing unit in the same district. Together, these projects represent an investment of Rs. 5,355 crore and will provide employment to 1,900 individuals.

In the metal downstream sector, Electrosteel Castings Limited will build a 500,000 MT ductile iron pipe manufacturing plant in Dhenkanal, and Jindal (India) Limited will set up a steel pipe processing facility in the same area. Bhushan Power and Steel Limited will create a metal downstream complex in Sambalpur. These projects will collectively invest Rs.12,191 crore and generate approximately 5,570 jobs.

The steel sector will benefit from Shyam Steel Manufacturing Limited's 0.5 MTPA integrated steel plant in Keonjhar, with an investment of Rs.2,510 crore expected to create 3,640 jobs. The cement sector will see investment from Ambuja Concrete North Private Limited's cement grinding unit in Cuttack, projected at ?1,400 crore and anticipated to employ 410 people.

The green ammonia sector will include Torrent Green Hydrogen Private Limited's project in Ganjam, which involves a significant investment of Rs.10,260 crore and is expected to generate 1,558 jobs. In the rubber/plastics sector, Dalmia Bharat Refractories Limited plans to establish a manufacturing unit for tyres, tubes, and flaps in Balasore, with an investment of Rs.1,200 crore, potentially creating 1,700 jobs.

The Odisha government has approved investment proposals totaling Rs 39,271 crore, expected to create employment opportunities for 17,098 individuals across various sectors, officials announced. The proposals were greenlit during a High-Level Clearance Authority (HLCA) meeting chaired by Chief Minister Mohan Charan Majhi on Wednesday, which approved 12 key industrial projects. These approved projects encompass electronics system design and manufacturing (ESDM), steel, metal downstream, chemicals, cement, green ammonia, and rubber/plastics. They will be established across eight districts: Khurda, Dhenkanal, Jagatsinghpur, Cuttack, Sambalpur, Ganjam, Balasore, and Keonjhar. This is our first HLCA meeting under the new government. We are committed to fostering an environment that supports industrial growth and economic development in Odisha. Our goal is to position Odisha as a premier investment destination in India. Over the next five years, we aim to attract diverse industries, making Odisha the industrial hub of India, stated Chief Minister Mohan Charan Majhi. The Chief Minister emphasized the government's dedication to making Odisha one of the most business-friendly states, prioritizing industrialization and job creation. The present agenda reflects our commitment to becoming an industrial hub with over Rs.39,000 crore in investments across various sectors, generating over 17,000 job opportunities, he added. In the ESDM sector, three proposals have been approved: Silectric Semiconductor Manufacturing Private Limited for a Silicon Carbide Device manufacturing unit, Heterogeneous Integration Packaging Solutions Private Limited for a manufacturing plant for glass substrates used in semiconductor packaging, and Kaynes Circuits India Private Limited for a Printed Circuit Boards (PCBs) manufacturing unit. All these projects are located in Khurda district, with a combined investment of Rs 6,355.50 crore, creating 2,320 jobs. In the chemicals sector, Laxmi Organic Industries Limited plans to set up a synthetic organic chemicals manufacturing unit in Jagatsinghpur, while Epigral Limited will establish a chemical manufacturing unit in the same district. Together, these projects represent an investment of Rs. 5,355 crore and will provide employment to 1,900 individuals. In the metal downstream sector, Electrosteel Castings Limited will build a 500,000 MT ductile iron pipe manufacturing plant in Dhenkanal, and Jindal (India) Limited will set up a steel pipe processing facility in the same area. Bhushan Power and Steel Limited will create a metal downstream complex in Sambalpur. These projects will collectively invest Rs.12,191 crore and generate approximately 5,570 jobs. The steel sector will benefit from Shyam Steel Manufacturing Limited's 0.5 MTPA integrated steel plant in Keonjhar, with an investment of Rs.2,510 crore expected to create 3,640 jobs. The cement sector will see investment from Ambuja Concrete North Private Limited's cement grinding unit in Cuttack, projected at ?1,400 crore and anticipated to employ 410 people. The green ammonia sector will include Torrent Green Hydrogen Private Limited's project in Ganjam, which involves a significant investment of Rs.10,260 crore and is expected to generate 1,558 jobs. In the rubber/plastics sector, Dalmia Bharat Refractories Limited plans to establish a manufacturing unit for tyres, tubes, and flaps in Balasore, with an investment of Rs.1,200 crore, potentially creating 1,700 jobs.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Infrastructure Urban

06 Feb 2026

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Infrastructure Urban

06 Feb 2026

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..