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.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..