Bhubaneswar: The Odisha government on Monday approved investments worth ₹44,793.03 crore across five transformative industrial projects, which are expected to generate 23,005 jobs in the state.
The 38th High-Level Clearance Authority (HLCA) meeting, the first for 2025, chaired by Chief Minister Mohan Charan Majhi has given the go-ahead to projects, spanning across sectors such as refinery and petrochemicals, green energy equipment, biotechnology, steel, and chemicals. “These investments are set to generate employment for over 23,005 individuals, reinforcing Odisha’s industrial and economic foundation,” an official release said.
These investments are a direct outcome of the success of numerous roadshows organised by the government in cities like Delhi, Mumbai, and Singapore, as a prelude to the much-anticipated Utkarsh Odisha 2025, the state’s flagship biennial investors’ meet scheduled for January 28-29, it further stated.
The approved projects are as follows:
>> ₹8,743 crore investment by Indian Strategic Petroleum Reserves Limited to set up a 4.00 MMT crude oil storage facility in Jajpur, which is expected to generate 5,130 jobs.
>> Inox Solar Limited will invest ₹4,000 crore in Dhenkanal to establish a solar module and photovoltaic cell manufacturing unit with a capacity of 4.8 GW each, creating 3,400 jobs.
>> ACME Cleantech Solutions Pvt. Ltd. plans to invest ₹4,050.03 crore in Cuttack for a sustainable protein manufacturing plant focused on mushroom root fermentative protein, generating 3,475 jobs.
>> Tata Steel Limited will expand its operations with a ₹26,175 crore investment in a 2.2 MTPA cold rolled and coated steel products facility and 2 MTPA plate mill in Jajpur, creating 8,000 jobs.
>> Himadri Green Technologies Innovation will invest ₹1,825 crore in Cuttack to establish a facility for mineral oil and tire recycling products, generating 3,000 jobs.
“The approval of these big projects before Utkarsh Odisha 2025 is a clear sign of our state’s growing industrial strength. These investments will create thousands of jobs and will directly benefit the people of Odisha. Our focus is to ensure that Odisha remains a top investment destination, driving progress and prosperity for our people,” the CM said.
The approved projects are spread across key districts like Jajpur, Dhenkanal, and Cuttack, helping to strengthen Odisha’s industrial base, he added.
The release further stated that the HLCA meeting highlighted the state’s focus on innovation and sustainability, which will have a positive impact on the economy. “With these projects, Odisha is entering a new phase of industrial growth and further establishing itself as a major player in India’s economic development. Utkarsh Odisha 2025 will continue to build on this momentum, focusing on innovation, sustainability, and job creation,” it added.
Sl. No | Project Name | Project Description | Project Cost (Rs in Crores) | Employment (Potential) | Sector | Location |
1 | Indian Strategic Petroleum Reserves Limited | Crude Oil Storage facilities | 8,743.00 | 5,130 | Refinery & Petrochemicals | Jajpur |
2 | Inox Solar Limited | manufacturing facility of Solar modules & Solar Photovoltaic Cells | 4,000.00 | 3,400 | Green Energy Equipment | Dhenkanal |
3 | ACME Cleantech Solution Private Limited | Integrated Manufacturing Plant for production of Mushroom Root Fermentative Protein and its fortified products | 4,050.03 | 3,475 | Biotechnology | Cuttack |
4 | Tata Steel Limited | Cold Rolled & Coated Steel Products facility & Plate mill products | 26,175.00 | 8,000 | Steel | Jajpur |
5 | Himadri Green Technologies Innovation | Mineral Oil, Tyre Recycled Products | 1,825.00 | 3,000 | Chemical | Cuttack |
44,793.03 | 23,005 |
