On Monday, June 16, the Government of Odisha approved 8 mega projects with a combined investment of 1.51 Lakh INR-Crore. These projects expected to create more than 62,000 employment opportunities, span across various sectors such as aluminium, steel, chemicals, etc.
These projects sprawling 6 districts, namely, Dhenkanal, Ganjam, Jajpur, Keonjhar, Khurda, and Sambalpur. High-Level Clearance Authority (HCLA) approved these projects during the meeting chaired by CM Mohan Charan Majhi.
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Since June last year, the government has held six meetings, approving 62 industrial projects. Together, these mega projects will invest 5.67 Lakh INR-Crore in Odisha and potentially create 2.42 Lakh jobs across the state.
District-wise breakdown of the investment
- Dhenkanal:
- In this district Aluminium sector will see its largest investment so far, as Vedanta Limited is committing to 1.28 Lakh INR-Crore to set up a 3 MTPA aluminium smelter and a 4900 MW captive power plant. It is expected to generate over 30,000 job opportunities.
- 1.26 MTPA specialty steel processing unit by Jindal India Steel, investing 3,600 INR-Crore is expected to generate 2000 jobs.
- Ganjam:
- SRF Limited to invest 10,000 INR-Crore in a specialty chemicals and refrigerant manufacturing unit, creating nearly 20,000 jobs.
- Keonjhar:
- Supreme Metals Export Private Limited has proposed setting up a 1.2 MTPA rolling mill for TMT bars and wire rods, with an investment of 1,500 INR-Crore. It is expected to generate approximately 680 jobs.
- Shyam Steel Manufacturing Ltd has proposed an investment of 2,490 INR-Crore. The plan includes a 0.53 MTPA integrated steel plant, a ductile iron (DI) pipe unit, a 46 MW captive power plant, and is expected to generate around 2,370 jobs.
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- Khurda:
- To establish a cotton and blended yarn manufacturing unit, Sportking India Limited will invest 2,055 INR-Crore. The project has an annual production capacity of 62,000 MT and is expected to create 4,800 employment opportunities.
- Jajpur:
- Linde India Limited plans to invest 1,303.50 INR-Crore to set up an Air Separation Unit, supplying high-quality industrial gases and generating employment for 100 people.
- Sambalpur:
- Star Metal Works Pvt Ltd plans to set up a narrow hot strip mill, cold rolling mill, and plate-cum-Steckle mill in Sambalpur with an investment of 2,291 INR-Crore. The project will create 250 jobs.
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