Sunday, July 14, 2024

Odisha Approves 12 Key Projects with INR 84,918 Crore Investment

Odisha Chief Minister Naveen Patnaik has given the green light to 12 pivotal projects, collectively amounting to an investment of INR 84,918.75 crore. These initiatives are poised to generate employment for 42,281 individuals across diverse sectors, according to an official statement.

The High-Level Clearance Authority (HLCA) meeting, chaired by the chief minister, convened to approve investment proposals in sectors such as apparel and textiles, green hydrogen, green ammonia, steel, power, renewable energy, and chemical and petrochemical downstream industries.

The projects will be strategically located across various districts in the state, including Cuttack, Dhenkanal, Ganjam, Jajpur, Jharsuguda, Kendrapada, Malkangiri, Rayagada, Sambalpur, and Sundargarh.

In the apparel and textiles domain, Welspun Living Limited has received approval for an integrated textile and logistics facility in Cuttack district, entailing an investment of INR 3,050 crore. This project holds the potential to generate employment for 20,210 people.

Welspun Corp Limited has been granted approval for a pipe manufacturing and coating plant in Sambalpur district, with an investment of INR 3,137 crore, expected to provide employment for 3,830 individuals.

The state government has also recently sanctioned Sintex BAPL’s project, a wholly-owned subsidiary of Welspun, for establishing a manufacturing unit for CPVC, UPVC, PVC fittings, and plastic tanks in Sambalpur district.

In the green hydrogen and green ammonia sector, approvals have been granted to Welspun New Energy Limited, Sembcorp Green Hydrogen India Private Limited, and ReNew E-Fuels Private Limited (REFPL) for projects in Kendrapada, Ganjam, Malkangiri, and Rayagada districts, with combined investments exceeding INR 37,000 crore and employment opportunities for over 4,000 individuals.

The steel sector sees Tata Steel’s HR & CR Coil plant project in Dhenkanal approved, valued at INR 10,351.11 crore, creating jobs for 3,725 people. Orissa Metallurgical Industry Private Limited has received approval for a substantial investment in a 2 MTPA Integrated Steel Plant, Captive Power Plant, and Cement Grinding Unit in Jharsuguda district, offering employment to 6,000 individuals.

In the downstream steel sector, BMW Industries Limited’s production plant in Kalinganagar, Jajpur district, received approval with an investment of INR 1,094.82 crore, promising employment for 1,950 people.

NTPC Limited has secured approval for an 800 MW super thermal power plant in Sundergarh, while Ind Barath Energy Utkal Limited received approval for a 1X800 MW ULTRA Super Critical Coal Fired Thermal Power Project in Jharsuguda, collectively attracting investments exceeding INR 15,000 crore and generating over 1,800 jobs.

The chemical and petrochemical downstream sector also received a boost with the approval of Aegis Vopak’s project for a greenfield tank storage facility for liquid ammonia in Gopalpur, Ganjam district, with an investment of INR 1,000 crore and potential employment for 100 individuals.

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