Odisha Government Approves 26 Investment Projects

11 Jul 2024 CW Team

These projects will be implemented in 14 districts: Mayurbhanj, Sundargarh, Sambalpur, Kendujhar, Ganjam, Jagatsinghpur, Khurda, Jharsuguda, Boudh, Koraput, Balasore, Cuttack, Bhadrak, and Puri.

Key Approved Projects:

GM Iron and Steel Company Limited: Establishing a 0.23 million tonne per annum (MTPA) integrated steel plant and a 45 MW captive power plant in Mayurbhanj with an investment of Rs 7.45 billion. Shyamshakti Metals Pvt Ltd: Setting up a structural and pipe manufacturing unit in Rengali, Sambalpur, with an investment of Rs 6.5 billion. Shree Ganesh Metaliks Limited: Expanding its integrated steel plant in Sundargarh with a projected cost of Rs 6.4 billion. Bhaskar Steel and Ferro Alloy Pvt Ltd: Investing Rs 5.3 billionin their project. Times Steel And Power Pvt Ltd: Investment of Rs 4.32 billion. Aryan Ispat and Power Pvt Ltd: Project worth Rs 3.23 billion. SSAB Energy and Minerals Ltd: Investing Rs 2.12 billion.

Chemical Sector Projects:

Eternis Fine Chemicals Ltd: Investment of Rs 3 billion. Odisha Chemtech Pvt Ltd: Rs 1.49 billion investment. Indian Explosives Pvt Ltd: Project worth Rs 546 million. Renewable Energy Sector:

Envirocare Infrasolution Private Limited: Setting up a 100 MW ground-mounted solar photovoltaic captive power plant in Boudh with an investment of Rs 3.51 billion.

Solisys Solar Pvt Ltd: Investing Rs 595 million to establish a manufacturing facility for solar modules in Khurda. These projects are set to boost the economy and generate substantial employment opportunities across the state, marking a significant step in Odisha's industrial and infrastructural development.

The Odisha government approved 26 investment projects worth Rs 59.93 billioin, expected to create employment for over 19,000 people. The State Level Single Window Clearance Authority (SLSWCA), led by Chief Secretary Manoj Ahuja, sanctioned projects across various sectors including steel, chemicals, renewable energy, textiles, manufacturing, packaging, food processing, IT, infrastructure, and tourism. These projects will be implemented in 14 districts: Mayurbhanj, Sundargarh, Sambalpur, Kendujhar, Ganjam, Jagatsinghpur, Khurda, Jharsuguda, Boudh, Koraput, Balasore, Cuttack, Bhadrak, and Puri. Key Approved Projects: GM Iron and Steel Company Limited: Establishing a 0.23 million tonne per annum (MTPA) integrated steel plant and a 45 MW captive power plant in Mayurbhanj with an investment of Rs 7.45 billion. Shyamshakti Metals Pvt Ltd: Setting up a structural and pipe manufacturing unit in Rengali, Sambalpur, with an investment of Rs 6.5 billion. Shree Ganesh Metaliks Limited: Expanding its integrated steel plant in Sundargarh with a projected cost of Rs 6.4 billion. Bhaskar Steel and Ferro Alloy Pvt Ltd: Investing Rs 5.3 billionin their project. Times Steel And Power Pvt Ltd: Investment of Rs 4.32 billion. Aryan Ispat and Power Pvt Ltd: Project worth Rs 3.23 billion. SSAB Energy and Minerals Ltd: Investing Rs 2.12 billion. Chemical Sector Projects: Eternis Fine Chemicals Ltd: Investment of Rs 3 billion. Odisha Chemtech Pvt Ltd: Rs 1.49 billion investment. Indian Explosives Pvt Ltd: Project worth Rs 546 million. Renewable Energy Sector: Envirocare Infrasolution Private Limited: Setting up a 100 MW ground-mounted solar photovoltaic captive power plant in Boudh with an investment of Rs 3.51 billion. Solisys Solar Pvt Ltd: Investing Rs 595 million to establish a manufacturing facility for solar modules in Khurda. These projects are set to boost the economy and generate substantial employment opportunities across the state, marking a significant step in Odisha's industrial and infrastructural development.

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