Odisha approves 9 industrial projects worth Rs 873 crore
The projects are expected to create employment opportunities for 2,516 people
Bhubaneswar: The State Level Single Window Clearance Authority (SLSWCA), headed by Chief Secretary Pradeep Kumar Jena, approved nine new industrial projects in Odisha in its 121st meeting today.
With a cumulative investment to the tune of Rs 873.57 crore, the projects are expected to create employment opportunities for 2,516 people, said an official.
According to the official, Petronet LNG Limited’s compressed bio gas and fermented organic manure plant got the SLSWCA approval. With an annual capacity of 33,065 MT, this project promises a dual advantage of chemical production and renewable energy. The project is all set to transform the industrial landscape in Deogarh.
Pearl Precision Products Pvt Ltd received the approval for its plan for a cutting-edge plastic faucet, water tank, pipes, and fittings manufacturing unit. Their annual capacity of more than 30 million Pcs stands as a testament to their commitment to excellence. The project will come up at Paradeep Plastic Park in Jagatsinghpur.
In the Plastic sector, Indopet Polyplast Pvt. Ltd. has received the nod to establish a high-capacity manufacturing unit for food grade pet bottles, jars and pre-forms, with an annual capacity of 8,000 MT. Strategically located in Khurda, this project all set to enhance both employment opportunities and plastic manufacturing excellence.
The steel industry’s ancillary sector is likely to get momentum with the approval of TRL Krosaki Refractories Ltd’s comprehensive project. The project will be set up in Jharsuguda district. It will have 57,000 MT basic raw material grinding unit, 11,700 MT monolithic raw material grinding unit, 8,900 MT high alumina raw material grinding unit, and 14,400 MT grog processing unit, sources said.
Another project in this sector approved by the SLSWCA is Chosun Sarvesh Refractories Private Limited’s 14,400 MT Tap Hole Clay unit. It will be located at Kuanramunda in Sundargarh. Chosun is a South Korea company having reputable stature as a manufacturer of quality refractories.
Saizar Enterprise Private Limited is all set to enrich the steel (downstream) domain by setting up of a steel processing unit for HR and CR coil. The project will come up at Kalinga Nagar in Jajpur.
Vikram Private Limited’s expansion project for a 0.12 MTPA SMS and 0.1 MTPA TMT plant adds yet another dimension to Odisha’s steel manufacturing prowess. Located in Lahunipada in Sundargarh, this initiative is another addition to Odisha’s strong steel sector, said the official.
The Agro and Food Processing sector receives a substantial boost with Coastal Biotech Private Limited’s corn processing and corn starch manufacturing unit. This venture, located at Bamuni Industrial Estate in Nabarangpur district, will leverage the district’s maize production capacity.
Furthermore, Odisha’s tourism landscape thrives with the ambitious project of SNM Hotel And Resorts Private Limited. The hotel and resort facility will come up at Chikiti in Ganjam. The project in the tourism sector underpins the state’s efforts for broad-based industrial growth.