Bhubaneswar: The Odisha government has approved five transformative industrial projects worth ₹44,793.03 crore, set to create employment opportunities for 23,005 individuals.
The decision was taken during the 38th High-Level Clearance Authority (HLCA) meeting, chaired by Chief Minister Mohan Charan Majhi on Monday, marking the first HLCA meeting of 2025.
“These projects signify Odisha’s growing industrial prowess and commitment to economic growth,” stated an official release. The investments span sectors such as refinery and petrochemicals, green energy, biotechnology, steel, and chemicals.
The projects were facilitated through a series of successful roadshows conducted in Delhi, Mumbai, and Singapore as part of preparations for the upcoming Utkarsh Odisha 2025 investors’ meet on January 28-29.
Key Approved Projects:
- Indian Strategic Petroleum Reserves Limited: ₹8,743 crore investment to establish a 4.00 MMT crude oil storage facility in Jajpur, generating 5,130 jobs.
- Inox Solar Limited: ₹4,000 crore investment for a 4.8 GW solar module and photovoltaic cell manufacturing unit in Dhenkanal, creating 3,400 jobs.
- ACME Cleantech Solutions Pvt. Ltd.: ₹4,050.03 crore investment for a sustainable protein plant in Cuttack focusing on mushroom root fermentative protein, creating 3,475 jobs.
- Tata Steel Limited: ₹26,175 crore investment for a 2.2 MTPA cold rolled and coated steel products facility and a 2 MTPA plate mill in Jajpur, generating 8,000 jobs.
- Himadri Green Technologies Innovation: ₹1,825 crore investment for a mineral oil and tire recycling facility in Cuttack, creating 3,000 jobs.
Chief Minister Majhi lauded the approvals, emphasizing the importance of these projects in reinforcing Odisha’s position as a leading investment destination. “These investments will generate thousands of jobs and boost economic prosperity across the state,” he said.
The projects, strategically spread across districts like Jajpur, Dhenkanal, and Cuttack, highlight Odisha’s focus on innovation, sustainability, and inclusive growth.
The HLCA meeting also underscored the state’s commitment to leveraging these investments to solidify its industrial foundation. “Odisha is stepping into a new phase of industrial development, and these projects pave the way for sustained growth and opportunities. Utkarsh Odisha 2025 will continue to build on this momentum,” the release added.
