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Chief minister naveen patnaik
9th January 2020

Odisha approves 3 investment proposals worth Rs 17,833 Cr in core sectors

Bhubaneswar: The Government of Odisha has approved three investment proposals worth Rs 17,833 crore which will create 6539 new jobs.

This is part of the initiative to boost employment opportunities and expedite industrialisation in the state.

The High-Level Clearance Authority (HLCA) meeting was held under the Chairmanship of Chief Minister Naveen Patnaik today in the Conference hall in Kharavelo Bhawan. The meeting stressed on the growth of core sectors of Steel, Aluminum and Thermal power.

The Chief Minister took stock of the follow up of investment intents received during MIO 2016 and MIO 2018.

Odisha has seen diversified Industrial development in recent years with the grounding of projects in Textile & Apparel, Chemical & Petrochemicals, Tourism, and Food processing sectors.

Principal Secretary Industries, Hemant Sharma, presented a roadmap for MIO 2020 which included outreach activities, industrial infrastructure development, and policy interventions.

The HLCA approved the proposal of Hindalco Industries Ltd for setting up a 2 Million Ton per annum (MTPA) Alumina Refinery unit at Kansariguda, Rayagada, with a total investment of Rs 8000 crore providing employment to about 4250 people.

It also approved the proposal of NTPC Ltd for expansion of thermal power plant capacity of Talcher Thermal Power Station, located at Talcher, Angul with an additional investment of Rs 7698.46 crores.

The proposal of Rungta Mines Limited (RML) to expand its Integrated Steel Plant from 0.27 MTPA to 0.9 MTPA capacity at Kamanda village, Sundargarh, with a total investment of Rs 2135 crore providing additional employment of 2289 people was also approved by HLCA.

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Odisha approves 3 investment proposals worth Rs 17,833 Cr in core sectors Bhubaneswar: The Government of Odisha has approved three investment proposals worth Rs 17,833 crore which will create 6539 new jobs. This is part of the initiative to boost employment opportunities and expedite industrialisation in the state. The High-Level Clearance Authority (HLCA) meeting was held under the Chairmanship of Chief Minister Naveen Patnaik today in the Conference […]
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