Odisha

Odisha Govt Clears Rs 18K Cr Investment

Bhubaneswar: The Odisha government today cleared three investment proposals of a combined worth of Rs 17,833 crore.

Clearance of the three investment proposals one each in the core sectors of steel, aluminum and thermal power will further strengthen the predominance of the State in these sectors and lead to generation of 6,539 new jobs.

A meeting of the High Level Clearance Authority (HLCA) chaired by Chief Minister Naveen Patnaik at the Kharavela Bhawan here today cleared the proposals, said an official release.

The HLCA approved the proposal of Hindalco Industries Ltd for setting up a 2 MTPA Alumina Refinery unit at Kansariguda in Rayagada district with a total investment of Rs 8000 crore providing employment to about 4,250 people.

The HLCA also approved a proposal of NTPC Ltd for expansion of the thermal power plant capacity of Talcher Thermal Power Station located at Talcher in Angul district at an additional investment of Rs 7,698.46 crores.

The proposal of Rungta Mines Limited (RML) to expand its Integrated Steel Plant from 0.27 MTPA to 0.9 MTPA capacity at village Kamanda in Sundargarh district with a total investment of Rs 2,135 crore providing additional employment of 2,289 people was approved by HLCA.

During the course of the meeting, the Chief Minister reviewed the follow up of investment intents received during MIO 2016 & MIO 2018.

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

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

Dibya Shankar Mishra, Minister, Industries, Odisha

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