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

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Infrastructure Energy

04 May 2026

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

Infrastructure Urban

04 May 2026

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..