Odisha Govt Approves 26 Projects Worth Over Rs 5992 Crore

Bhubaneswar, July 10: The Odisha government on Wednesday approved 26 investment projects worth Rs 5,992.92 crore, which are expected to create 19,364 potential jobs in steel, chemicals, renewable energy, textiles, manufacturing, packaging, food processing, IT, infrastructure, and tourism sectors, an official statement said.

The State Level Single Window Clearance Authority (SLSWCA) led by Chief Secretary Manoj Ahuja has approved a series of projects across diverse sectors including steel, chemicals, renewable energy, textiles, manufacturing, packaging, food processing, IT, infrastructure, and tourism, it said.

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

According to the statement, the state government has approved the proposal of GM Iron and Steel Company Limited to establish a 0.23 million tonne per annum (MTPA) integrated steel plant along with downstream and upstream facilities and a 45 MW captive power plant in Mayurbhanj district with an investment of Rs 745 crore.

The proposal of Shyamshakti Metals Pvt Ltd to establish a structural and pipe manufacturing unit in Rengali, Sambalpur, with an investment of Rs 650 crore also got the approval of the government.

Similarly, Shree Ganesh Metaliks Limited has proposed to expand its integrated steel plant in Sundargarh with a projected cost of Rs 604.99 crore, which was also approved by the SLSWCA.

Among other steel projects, the government has approved the proposal of Bhaskar Steel and Ferro Alloy Pvt Ltd (Rs 530 crore), Times Steel And Power Pvt Ltd (Rs 432.50 crore), Aryan Ispat and Power Pvt Ltd (Rs 323 crore), and SSAB Energy and Minerals Ltd (Rs 212 crore).

In the chemical sector, the government has approved the investment projects of Eternis Fine Chemicals Ltd (Rs 300 crore), Odisha Chemtech Pvt Ltd (Rs 149.45 crore), and Indian Explosives Pvt Ltd (Rs 54.60 crore).

In the renewable energy sector, Envirocare Infrasolution Private Limited has promised to up a 100 MW ground-mounted solar photovoltaic captive power plant in Boudh, with an investment of Rs 351.00 crore while Solisys Solar Pvt Ltd will invest Rs 59.50 crore to establish a manufacturing facility for solar modules in Khordha.

In the textiles and apparel sector, Shree Hari Spinners will set up a cotton yarn spinning mill unit in Sundargarh with an investment of Rs 129.68 crore, creating 700 jobs. Indian Stitches Private Limited (ISPL) will establish a garment manufacturing facility in Khordha with an investment of Rs 50.55 crores, generating 1,028 jobs.

The manufacturing sector also saw notable projects. Rushil Decor Ltd will set up an MDF and pre-laminated MDF manufacturing unit in Koraput with an investment of Rs 504 crores, generating 285 jobs.

In the food processing sector, Nandaraj Agrotech Private Limited will set up a manufacturing unit for spices and snacks in Khurda with an investment of Rs 92.6 crore, creating 882 jobs, the statement said.