Odisha clears investment proposals worth over Rs 6,400 cr

Bhubaneswar: The 25th High Level Clearance Authority (HLCA) chaired by Chief Minister Naveen Patnaik today issued an in-principle approval to three major industrial projects to the tune of Rs 5,358.24 Crore in the metal and metal downstream, cement and refinery and petrochemicals sectors.

These three industrial projects are expected to create 3,667 employment opportunities in the State.

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

● Expansion of Yazdani Steel & Power Limited’s Integrated Steel Plant from a capacity of 0.07 MTPA to 1.19 MTPA against an investment of Rs 2,415 crore in Kalinganagar, Jajpur, with potential employment opportunities for over 2,867 persons.

● Additional Clinker capacity of 1.32 MTPA and cement capacity of 1.05 MTPA by Shiva Cement Limited (SCL) against an investment of Rs 1,523.24 crore to be set up at Telighana, Kutra, Sundargarh, which will generate potential employment opportunities for over 600 persons.

● Development of crude oil terminal to be set up by Numaligarh Refinery Ltd (NRL) at Paradeep in Jagatsinghpur with an investment of Rs 1,420 crore, which will generate potential employment opportunities for over 200 persons.

Before the HLCA meeting, the State Level Single Window Clearance Authority (SLSWCA) chaired by Chief Secretary Suresh Chandra Mahapatra today cleared five industrial projects to the tune of Rs 1,085.08 crore in the metal and metal downstream, fertilizers, food processing and tourism sectors. These five industrial projects are further expected to create 964 employment opportunities in the state.

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

● A sulphuric acid expansion project unit with an additional annual capacity of 6,60,000 MT by Indian Farmers Fertiliser Cooperative Limited (IFFCO) against an investment of Rs 400 crore to be set up at Paradip, Jagatsinghpur, which will generate potential employment opportunities for over 21 persons.

● 0.04 MTPA Ferro Manganese plant/ 0.03 MTPA Silico Manganese, 0.12 MTPA Manganese Beneficiation, 1 MTPA Iron ore Beneficiation and 18 MW CPP plant by Patnaik Minerals Private Limited in Sundargarh at an investment of Rs 243 crore, which will generate potential employment opportunities for over 156 persons.

● A 250 KLPD grain-based distillery unit for manufacturing of Ethanol and Extra-Neutral Alcohol (ENA), and IMFL/IMIL bottling unit along with a 5.50-MW cogeneration power to be set up by Premier Alcobev Private Limited at Bamra in Sambalpur with an investment of Rs 275 crore, which will generate potential employment opportunities for over 300 persons.

● A 116-KLPD grain-based distillery plant (IMFL/ IMIL) (in two phases) and 1 lakh/month bottling plant to be set up by Cuttack Agrivet Pvt Ltd at Mundali in Cuttack against an investment of Rs 112.50 crore, which will generate potential employment opportunities for over 367 persons.

● A 4-Star- Hotel-cum-Resort by S J Developers and Housing Private Limited to be set up in Jasuapur, Pipili in Puri district with an investment of Rs 54.58 crore, which will generate potential employment opportunities for over 120 persons.

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