The High-Level Clearance Authority (HLCA) has approved 20 industrial projects with a combined investment of an estimated 76,612 INR-Crore in Odisha. The projects will be developed across nine districts in the state. According to the government, the approved proposals have the potential to generate more than 50,500 jobs. The investments span manufacturing, renewable energy, metals, minerals, pharmaceuticals and railway equipment sectors.
Among the approved projects, Rashmi Metallurgical Industry will invest 15,000 INR-Crore for a 4 MTPA integrated steel plant in Jajpur. Tata Power Renewable Energy Ltd will invest 10,000 INR-Crore in Ganjam for ingot, wafer and solar PV cell manufacturing facilities. Additionally, Kira Diam LLP, Anjali Labtech Ltd and Grow Magnificent Pvt Ltd will invest a combined 9,817.50 INR-Crore in lab-grown diamond manufacturing units in Khurda. Other major projects include a 7,580 INR-Crore investment by Shyam Metalics in Sambalpur, a 5,350 INR-Crore project by SMC Power Generation in Jharsuguda, a 5,220 INR-Crore pumped storage hydro power project by Rajapuspa Renova LLP in Malkangiri and a 3,800 INR-Crore project by BR Steel & Power in Sambalpur. The approvals also cover a 3,650 INR-Crore permanent magnet manufacturing facility by Larsen & Toubro and N.A.N. Magnetech, a 2,800 INR-Crore titanium dioxide plant by World Titanium Industry and a 2,471.98 INR-Crore thermal power plant by KU Urja Private Limited.
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The Odisha industrial projects approvals reflect the state’s growing focus on advanced manufacturing and critical mineral processing. The projects cover emerging sectors such as lab-grown diamonds, rare earth magnets and solar equipment manufacturing. Further, the investment pipeline strengthens Odisha’s position across steel, power and industrial production segments. The approvals are expected to support industrial diversification and expand manufacturing capacity across multiple districts.
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