Mon. Dec 23rd, 2024

10 investment proposals worth Rs 74,620.18 crore are approved by the Odisha government

By Simanchal Aug 10, 2022 #Featured
10 investment proposals worth Rs 74,620.18 crore are approved by the Odisha govt_AMF NEWS10 investment proposals worth Rs 74,620.18 crore are approved by the Odisha govt_AMF NEWS
257 Views

10 industrial projects totaling Rs 74,620.18 crore were granted by the High-Level Clearance Authority (HLCA), which is chaired by Odisha Chief Minister Naveen Patnaik. These projects will create jobs for around 24,047 persons in the state.

Infrastructure, Metal & Metal Downstream, Green Hydrogen and Green Ammonia, and Metal & Metal Upstream are a few of the 10 industrial projects that the Government of Odisha’s HLCA committee has authorised.

The ReNew EFuels Private Limited (REFPL) proposal to build a Green Hydrogen (Capacity: 20 KTPA) and Green Ammonia Plant (Capacity: 100 KTPA) in Paradip, Jagatsinghpur district, against an investment of Rs 2,000 crore, was approved by the committee. This project will create employment opportunities for 2,000 people. Since these plants would produce ammonia and hydrogen from renewable resources to meet the need for steel and fertiliser in Odisha, their construction will have a practical environmental impact.

The committee approved Tata Steel Limited’s (Growth Shop) request to build a 60,000 MT industrial structure and 6,000 MT steel plant equipment facilities at an investment of Rs 1,000 crore, creating jobs for around 2,451 people. The Government of Odisha’s “Vision 2030: Development of Downstream Units in the Metal Sector” will benefit greatly from this, as it provides short-, medium-, and long-term interventions to speed up the business ecosystem for downstream units in the metal sector.

Adani Enterprises Limited received approval from the HLCA to build a 4.0 MTPA alumina refinery and 175 MW CPP plant in Kashipur, Rayagada district, with an investment of Rs 41,653 crore. This project will provide jobs for more than 7,750 people.

Additionally, the panel approved Orissa Alloy Steel Pvt Ltd’s intention to invest Rs 8,000 crore and build a 2.5 MTPA steel factory and 370 MW CPP at Kalinga Nagar, Jajpur district, providing jobs for 5,000 people.

With an investment of Rs. 7811 crore, Sompuri Infrastructures Private Limited was given permission to build a 24 MTPA Pellet plant and 6 MTPA of Filter Cake at Dhamra, in the Bhadrak district. Additionally, it was given permission to build a 30 MTPA Beneficiation plant at Deojhar, in the Keonjhar district, as well as a 30 MTPA Slurry Pipeline that would connect the 30 MTPA Beneficiation plant at Deojhar.

The construction of 3,20,833 TPA SMS, 3,00,000 TPA Special Steel Bars and Rods (auto-grade), 75,000 TPA Ferro Alloys, 2 MTPA Beneficiation, 1.2 MTPA Pellet Plant, and 65 MW CPP at Athgarh, in the Cuttack district, at a cost of Rs 3000 crore, and creating employment for over 3587 people, was also approved. This project will make it easier for manufacturers of auto components to get raw materials.

The proposal from ArcelorMittal Nippon Steel India Limited for the construction of a 6 MTPA Beneficiation Plant at Village Dalki and a 12 MTPA Slurry Pipeline from the proposed Beneficiation plant at Dalki to Dabuna Slurry pumping station unit in Dalki, Keonjhar district, was approved by the committee. This project will cost Rs 1490 crore and create 600 jobs.

For an investment of Rs 1400 crore, Rungta Metals Private Limited (RMPL) received approval to build a 0.5 MTPA integrated steel plant in Rairangpur, Mayurbhanj, with the potential to employ 1125 people.

The state is known as India’s mineral hub, with reserves of 92% chromite, 92% nickel, 52% bauxite, 44% manganese, 33% iron ore, and 24% coal. One of the government’s main focus areas has been on employment-intensive sectors like metal and metal downstream.

Odisha generates more than half of the nation’s iron ore, making it a desirable location for the construction of steel factories. These industries offer a variety of opportunities in one package. These industries provide a substantial contribution to the employment in the state because of the large trained workforce they employment.

By Simanchal

Special Correspondent AMF NEWS

Related Post