Bhubaneswar: The High Level Clearance Authority (HLCA) headed by Chief Minister Mohan Charan Majhi today approved 10 major investments worth Rs 1,65,303 crore including two projects of Vedanta worth over Rs 91,000 crore.
These projects span key sectors, including Steel, Aluminium,Power Generation, Green Hydrogen, Engineering Goods, Green Energy Equipment etc. Expected to generate over 51,939 jobs, these investments will play a crucial role in bolstering Odisha’s industrial growth and economic development, officials said.
These projects are strategically distributed across seven key districts such as Bhadrak, Cuttack, Ganjam, Keonjhar, Khurda, Mayurbhanj and Rayagada.
In the Aluminium sector, Vedanta Ltd has proposed to set up two projects in the Rayagada district, the first includes a Rs 50,537 crore investment for setting up a 6 MTPA Alumina Refinery generating 8,700 employment opportunities.
Second project entails a greenfield 1.2 MTPA Aluminium Smelter with an investment of Rs 40,991 crore providing 7,200 jobs in the same district.
In steel sector, JSW Steel Limited India’s leading producer of steel will be setting up a 5 MTPA Integrated steel plant along with upstream and downstream facilities making an investment of Rs 35,000 crore generating 8,000 employments in Keonjhar district.
In the same sector Shyam Steel Works Private Limited will establish a 1.5 MTPA Integrated steel Plant along with Upstream and Down-stream Facilities worth Rs 5,200 crore investment in Bhadrak creating 6,000 job opportunities.
Likewise, OCL Iron and steel Limited will be expanding its steel production with an investment of Rs 3,000 crores to set up a 1.2 MTPA Integrated Steel plant generating employment for 3,500 persons in CM’s home district Keonjhar.
In the Power sector, Orissa Thermal Energy Limited will set up a 2400 MW (i.e. 3 x 800 MW) ultra super critical coal-based thermal power plant. This project will bring in an investment of Rs 18,450 crores and employ 8,100 people in Cuttack.
In the Rare Earth Minerals) sector, Orissa Metallurgical Industry Private Limited is set up to invest Rs 8,000 crores in Titanium Complex for producing Titanium Slag, Titanium Pigment, Titanium Sponge creating 8,000 job opportunities in Ganjam.
In the Green Hydrogen sector, Shreetech Data Limited is setting up a project with an investment of Rs 1,560 crores with a project in Green Hydrogen – 9 KTPA in Rasgovindpur of Mayurbhanj district generating 1,130 employment.
Additionally, in the Green Energy Equipment sector, World Green Energy Pvt Limited will establish a manufacturing facility of solar modules of 1.2 GW and Solar Photovoltaic Cells of 4 GW in Gopalpur of Ganjam district with an investment of Rs 1,475 crores providing 814 job opportunities.
Lastly, the Railway Equipment manufacturing sector, Jupiter Tatravagonka Railwheel Factory Private Limited is expanding its plant of rail wheelsets in Khurda with an investment of Rs 1,090 crores, providing 495 jobs.