Bhubaneswar, Jan 7 (Agency) The Odisha government has approved five transformative industrial projects worth Rs.44,793.03 crore at the High-Level Clearance Authority (HLCA) meeting. These projects span various sectors, including refinery and petrochemicals, green energy equipment, biotechnology, steel, and chemicals. They are strategically distributed across key districts like Jajpur, Dhenkanal, and Cuttack, further strengthening Odisha’s industrial base. The 38th HLCA meeting, held here on Monday marks the first of the year 2025 and precedes the much-anticipated Utkarsh Odisha 2025.
Official sources stated that the success of numerous roadshows organized in cities such as Delhi, Mumbai, and Singapore has resulted in significant investor interest, with several companies now keen to invest in Odisha. As a direct outcome of these efforts, the state approved these major projects at the start of the year, reflecting growing business confidence in Odisha’s industrial landscape. These projects included Indian Strategic Petroleum Reserves Limited’s plan to set up a 4.00 MMT crude oil storage facility in Jajpur at an investment of Rs.8,743 crore and an investment of Rs.4000 crore by Inox Solar Limited for a solar module and photovoltaic cell manufacturing unit with a capacity of 4.8 GWe in Dhenkanal. ACME Cleantech Solutions Pvt. Ltd will invest Rs.4,050.03 crore investment in Cuttack for a sustainable protein manufacturing plant focused on mushroom-root fermentative protein.
Tata Steel Limited will invest Rs.26,175 crore in a 2.2 MTPA cold-rolled and coated steel products facility and a 2 MTPA plate mill in Jajpur. Himadri Green Technologies Innovation will set up a facility producing mineral oil and tire recycling products at Cuttack at an investment of Rs.1,825 crore. Speaking on the occasion, Chief Minister Mohan Charan Majhi said, “The approval of these major projects ahead of Utkarsh Odisha 2025 is a clear indication of our state’s growing industrial strength. These investments will create thousands of jobs and directly benefit the people of Odisha, he stated Majhi further added, “Our focus is to ensure that Odisha remains a top investment destination, driving progress and prosperity for our people.” With these projects, Odisha is entering a new phase of industrial growth and solidifying its position as a major player in India’s economic development, the Chief Minister said.