The Odisha Government has cleared an estimated 44,200 INR-Crore worth of proposals under the industrial projects investment pipeline. The approvals were granted on Saturday, February 21, at a meeting of the High-Level Clearance Authority (HLCA). The projects span rare-earth manufacturing, semiconductors, cement, automotive and auto components, telecom infrastructure, and renewable energy sectors.
Among the approved Odisha industrial investment projects, energy projects account for the largest share. Adani Group will develop a 9,731 INR-Crore pumped storage project in Nayagarh. Sangamam CD Hydro Consortium secured approval for a 9,000 INR-Crore pumped storage project in Koraput. Greenko received clearance for a 7,506 INR-Crore pumped storage project in Kalahandi. Additionally, Jindal Green PSP Two Private Limited will invest 3,711 INR-Crore in a pumped storage project in Deogarh.
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In advanced manufacturing, ASP Semicon Private Limited received approval for a 4,620 INR-Crore semiconductor memory chip manufacturing unit in Khurda. Bharat Forge Limited will invest 3,000 INR-Crore in an aerospace and defence components facility in Dhenkanal. Meanwhile, cement units by NCL Industries Limited in Koraput and Dalmia Cement (Bharat) Limited in Malkangiri will each see investments of 2,000 INR-Crore. Moreover, Magnova Private Limited will set up a 1,050 INR-Crore rare-earth and magnet manufacturing unit in Khurda.
Furthermore, Shreetech Data Limited-CLS secured approval to invest 1,622 INR-Crore in a cable landing station project in Puri. The approved projects will strengthen energy storage capacity, semiconductor manufacturing, heavy industry, and telecom infrastructure in the state. Moreover, the Odisha industrial project investment clearance marks a significant addition to the region’s industrial infrastructure pipeline.
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