Odisha approves five projects worth of over Rs 1.46 lakh cr

Bhubaneswar: The state High Level Clearance Authority (HLCA), chaired Chief Minister Naveen Patnaik, today approved five major industrial projects worth Rs 1,46,172 crore in metal and metal downstream sectors. These five projects are expected to create employment opportunities for 26,959 persons. Patnaik said all the projects need a big push forward to realize the steel dream of Odisha.

All the five projects will create an additional steel production capacity of 28 million tonnes. Once these projects will be commissioned, steel production capacity of the state will double to 58 million tones. Currently the steel production capacity is at 30 million tonnes per annum.

It may be noted that the State has been able to attract investments to the tune of Rs 2.96 lakh crore in 2020-21 despite the Covid pandemic. With today’s additional investments the total investments since last year will be Rs 4.43 lakh crore.

The details of the five projects for which in-principle approval was accorded by HLCA is listed below:

● Expansion of Bhushan Power and Steel Limited’s integrated steel plant from 5 million tonnes per annum to 15 million tonnes per annum against an investment of Rs 55,000 crore to be set up in Rengali of Sambalpur district, which will generate potential employment opportunities for over 10,000 persons.

● Expansion of Tata Steel Limited’s Crude steel production from three million tonnes per annum to eight million tonnes per annum, Hot-rolled coil from three million tonnes per annum to seven million tonnes per annum, 2.2 million tonnes per annum cold-rolled products and two million tonnes per annum long products against an investment of Rs 47,599 crore to be set up in Kalinga Nagar, Jajpur, which will generate potential employment opportunities for over 4,625 persons.

● Expansion of Jindal Steel and Power Limited’s six million tonnes per annum existing Integrated steel plant from the proposed capacity of 18.6 million tonnes per annum to 25.2 million tonnes per annum against an investment of Rs 24,652 crore to be set up in Angul, which will generate potential employment opportunities for over 1,000 persons. This investment will take JSPL’s total investment to be Rs 1,00,670 crore, making it the largest single location steel plant capacity in the world.

● Expansion of Rungta Mines Limited’s Integrated Steel Plant from the proposed capacity of 2.85 million tonnes per annum capacity to 7.55 million tonnes per annum by adding capacity of 4.7 million tonnes per annum against an investment of Rs 11,001 crore to be set up in Jharbandh, Dhenkanal district, which will generate potential employment opportunities for over 6,200 persons.

● Expansion of Rungta Mines Limited’s Steel Plant capacity from 0.53 million tonnes per annum to 3 million tonnes per annum against an investment of Rs 7,920 crore to be set up in Karakhendra, Keonjhar, which will generate potential employment opportunities for over 5,134 persons.

The meeting was attended by Finance Minister Niranjan Pujari, Steel & Mines Minister Prafulla Kumar Mallick, Rural Development, Labour & ESI Minister Susant Singh, Industries Minister Divyashankar Mishra, Chief Secretary SC Mahapatra and other senior officials.

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