Odisha approves 5 mega investment proposals worth Rs 92,713 crore

Odisha approves 5 mega investment proposals worth Rs 92,713 crore

The Odisha government onThursday accorded in-principle approval for five mega

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The government on

Thursday accorded in-principle approval for five mega investment proposals worth Rs 92,713 crore which upon grounding will generate employment for 31,979 people, official sources said.


The mega investment proposals were in the metal sector starting from beneficiation to manufacturing of pellets, iron, steel, stainless steel, rolled products as well as cement utilising waste products like slag and fly ash from other industries.



The state accorded the green signal for the mega investments at the High Level Clearance Authority (HCLA) meeting held under the chairmanship of Chief Minister Naveen Patnaik.


The five projects for which in-principle approval was accorded by HLCA included expansion project of Jindal Steel and Power Limited’s Integrated steel plant in Angul from 6 MTPA to 18.6 MTPA, 36 MTPA Slurry Pipeline and 12.5 MTPA cement plant with an investment of Rs 76,018 crore.


This project has the potential to create employment opportunities for over 24,350 persons in two…



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