Bhubaneswar, Sep 12 (Agency) Odisha, known for its unwavering commitment to industrial development, on Monday approved nine industrial projects with an estimated investment of 1,01,804.43 crores These projects were cleared at the 32nd High-Level Clearance Authority (HLCA) meeting chaired by Chief Minister Naveen Patnaik . To further strengthen its position as the major Industrial Hub in Eastern India and the fulcrum of trade and commerce in the Bay of Bengal region, Chief Minister Naveen Patnaik approved the key industrial projects These projects,official sources said, are poised to create employment opportunities for 28,565 people across various sectors.
These projects will be strategically located across the state, including Jagatsinghpur, Jajpur, Jharsuguda,Khordha, Paradeep, Bhadrak, Ganjam, and Koraput districts. In the Steel sector, the HLCA approved the expansion proposal of JSW Utkal Steel Limited to enhance its planned Integrated Steel Plant capacity from 12 MTPA to 24 MTPA with an an investment of Rs.75,000 Crores Additionally, Jindal Ferrous Limited received the green light for its project to establish a 2.35 MTPA Carbon steel plant in Kalinga Nagar, Jajpur, with an investment of Rs.3,449 crores The MSP Metallics Limited is set to expand its unit by setting up a 1.39 MTPA steel plant, 251 MW CPP, and Railway Siding in Marakuta, Jharsuguda, with an investment of Rs.1,500 Crores. In the Green Energy Equipment & ESDM sector, Avaada Electro Private Limited’s project to establish a manufacturing facility for ingots, wafers, solar cells, and modules in Haldiapada, Khordha received the approval. This transformative project, valued at Rs.11,300 Crores, is expected to create employment opportunities for 4,000 individuals. In the Green Hydrogen and Green Ammonia sector, L&T Energy Green Tech Limited secured HLCA’s approval for its Green Ammonia Plant with an annual capacity of 320,000 MT in Paradeep, Jagatsinghpur, with an investment of Rs. 1,030 Crores.
The Chemical sector welcomes Berger Paints India Limited’s initiative to establish a manufacturing unit for Intermediates, Paints and allied products with an annual capacity of 4,10,000 KL/MT in Khordha, with an investment of Rs.1,458.25 crores The Textile and Apparel sector witnessed a significant boost with the approval of Indian Oil Corporation Limited’s project to establish a Polyester products manufacturing unit in Textile park, Bhandaripokhari, Bhadrak, with an investment of Rs.4,377.46 In the Oil and Gas sector, Petronet LNG Limited’s LNG Terminal with a capacity of 40,00,000 MT in Gopalpur, Ganjam, received the endorsement with an investment of Rs.2,306 Crores. Toshali Cement Pvt. Ltd proposal to expand the clinker capacity to 1.75 MTPA and Cement grinding capacity to 1.40 MTPA in Ampavalli, Koraput with an investment of Rs.1,383.72 Crores also got the approval of the committee.