Odisha Govt Nod For Investment Proposals Of Over Rs 2172 Crore

Bhubaneswar: The state government has approved four investment proposals for creation of new employment opportunities through industrialisation.

The State Level Single Window Clearance Authority (SLSWCA) meeting chaired by chief secretary Asit Tripathy on Friday accorded in principle approval to the proposals envisaging investment of around Rs. 2172.92 crore and employment opportunities for 1122 persons. 

Tripathy directed the departments concerned to make a realistic assessment of the requirement of land and water for these industrial units. He also asked to provide proactive and facilitating support for early grounding of the projects, according to an I&PR release.

Rungta Mines Limited proposed to set up 34 MTPA beneficiation plant in two phases with an investment of Rs 975 crore. The project would provide employment to about 290 people.

It also proposed to set up 20 MTPA underground slurry pipeline with an investment of Rs 951 crore, which would provide employment opportunities for 72 people.

Shyam Metalics and Energy Limited would expand its Pellet Plant from 0.3 MTPA to 1.2 MTPA capacity with a total investment of Rs 76.92 crore.

Similarly, Wellman Steels Gangeya Supply Agency Private Limited proposed 1.8 MTPA beneficiation plant and 1.2 MTPA Pellet Plant, with an investment of Rs 170 crore. It will provide additional employment opportunities for 150 people.