HLCA Approves 9 Industrial Projects With Over Rs 1 Lakh Crore Investment In Odisha
Bhubaneswar: The High-Level Clearance Authority (HLCA) has approved 9 key industrial projects with total investment of Rs 1,01,804.43 crore.
The projects, which would create employment opportunities for 28,565 people across various sectors, are located in Jagatsinghpur, Jajpur, Jharsuguda, Khurda, 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 investment of Rs 75,000 crores, this initiative is expected to generate employment for 12,000 individuals.
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 and an employment potential of 1,396 people.
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 crore, generating employment for 4,000 people.
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, Khurda received HLCA’s approval. Valued at Rs 11,300 crore, it is expected to create employment opportunities for 4,000 individuals.
In the green hydrogen and green ammonia sector, L&T Energy Green Tech Limited will set up green ammonia plant with an annual capacity of 320,000 MT in Paradip, Jagatsinghpur with Rs 1,030 crores, generating employment for 1,310 people.
Berger Paints India Limited will set up a manufacturing unit for intermediates, paints and allied products with an annual capacity of 4,10,000 KL/MT in Khurda with an investment of Rs 1,458.25 crores. It is projected to provide employment to 350 individuals.
In textile and apparel sector, 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 crores was approved.
In oil and gas sector, Petronet LNG Limited’s LNG Terminal with a capacity of 40,00,000 MT in Gopalpur, Ganjam, received HLCA’s endorsement. With an investment of Rs 2,306 crore, the project is expected to create employment opportunities for 660 individuals.
The Toshali Cement Pvt Ltd’s expansion proposal to increase 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 was also approved at 32nd meeting of HLCA.
The project details are as follows: