Odisha okays 3 expansion projects with over Rs 17k cr investment

Name: Odisha okays 3 expansion projects with over Rs 17k cr investment
Uploaded: 2020-01-09
Channel: Sambad English Bureau
Description: Bhubaneswar: The Odisha Government today cleared three expansion projects that will attract a total investment of Rs 17,833 crore in the state.At the 21st High Level Clearance Authority (HLCA) meeting held at Kharvel Bhawan here today, Chief Ministe

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Sambad English Bureau Published On : Jan 9, 2020 at 2:14 PM Updated On : Jan 9, 2020 at 2:19 PM

Bhubaneswar: The Odisha Government today cleared three expansion projects that will attract a total investment of Rs 17,833 crore in the state.

At the 21st High Level Clearance Authority (HLCA) meeting held at Kharvel Bhawan here today, Chief Minister Naveen Patnaik approved expansion projects of HINDALCO, NTPC and Rungta Mines. The projects will generate 6539 jobs in the state.

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“ Around Rs 8,000 crore will be invested for HINDALCO’s expansion projects that will generate 4250 jobs. Besides, Rs 7698 crore will be invested in NTPC and Rs 2,135 in Runga,’ said Minister for Energy, Industries and MSME Capt Dibya Shankar Mishra.

The Minister further said that state Government has welcomed the Centre’s decision to divest equity share of Neelachal Ispat Nigam Ltd (NINL). He said disinvestment in NINL will help increase production of the company and create more jobs. “Stakeholder that will expand the company and make it a profit-making venture as well as benefit its employees will be welcomed for its acquisition,” said the Minister.

3 expansion projects approved in Odisha HINDALCO NINL