Odisha okays six investment proposals worth Rs 494 cr

Bhubaneswar: The Odisha government today approved six investment proposals worth Rs 493.62 crore in the State. During the 109th meeting of the State Level Single Window Clearance Authority (SLSWCA) held under the chairmanship of Chief Secretary, Suresh Chandra Mahapatra, the six industrial projects would generate employment opportunities for over 1,317 people.

SLSWCA gave a nod to Jatia Steel Ltd to set up a 2,50,000 MT TMT Rebar and 2,50,000 MT Wire rod milling at Kalinga Nagar, Jajpur district, against an investment of Rs 125 crore, which will generate employment opportunities for over 150 people.

The committee has approved another downstream steel unit by the Sarangi Metal Works International Private Limited to set up a Driveline & Torque Tubes-50,000 MT, Special Coated Rollform Structures- 15,000 MT, Hot Dip Galvanized Steel Structures- 25,000 MT, in Kalinga Nagar, Jajpur district against an investment of Rs 65.37 crore, which will generate employment opportunities for over 568 people.

That apart, the panel gave a nod to set up a 100-KLPD Ethanol Plant along with 2.5-MW co generations power plant by JRS Ventures Pvt Ltd at Sonepur against an investment of Rs 121 crore, which will generate employment opportunities for over 114 people.

SNM Hotels and Resorts Private Limited got the approval to set up a hotel and resort facility in Somolo Island, district of Ganjam, at an investment of Rs 80.25 crore, which will generate employment opportunities for over 185 people.

Similarly, the Chief Secretary has given nod to Danieli Corus Refractory Solutions Pvt Ltd to set up a carbon/graphite block cutting and machining facility with a capacity of 1,500 MT per annum in Khordha district, at an investment of Rs 51crore, which will generate employment opportunities for over 150 people.

A proposal submitted by Ashirvad Pipes Private Limited for setting up an18,000 MTPA capacity HDPE and PVC Pipes manufacturing unit in Tangi, Cuttack, was also approved. The project will be established at an investment of Rs 51 crore, which will generate employment for over 150 people.

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