Odisha Govt. approves 5 investment proposals
13 July 2021
The High-Level Clearance Authority (HLCA) of the Odisha Government, chaired by Chief Minister Naveen Patnaik, approved five major investment proposals to the tune of Rs 1.46 lakh crore in metal and metal downstream sectors, the Chief Minister’s Office said.
These industrial projects are further expected to create 26,959 employment opportunities in the state. With HLCA’s approval for an additional steel-making facility of 28 MT, Odisha is set to achieve the targeted 100 million tonne steelmaking capacity by 2030.
Chief Minister Naveen Patnaik said all the projects need a big push forward to realize the steel dream of Odisha. The mineral-bearing district of Keonjhar will get a mega steel plant of 3 MT capacity, the first big investment in manufacturing in the district.
The HLCA has also approved the expansion of Rungta Mines Ltd’s Steel Plant capacity from 0.53 million metric tonnes per annum (MMTPA) to 3 MMTPA with an investment of Rs 7,920 crore at Karakhendra in Keonjhar.
The other major proposals cleared are: Expansion of Bhushan Power and Steel Ltd’s integrated steel plant from 5 MMTPA to 15 MMTPA with an investment of Rs 55,000 crore at Rengali in Sambalpur.
Expansion of Rungta Mines Ltd’s Integrated Steel Plant from the proposed capacity of 2.85 MMTPA capacity to 7.55 MMTPA with an investment of Rs 11,001 crore at Jharbandh in Dhenkanal.
Expansion of Tata Steel Limited’s Crude steel production from 3 MTPA to 8 MTPA, hot-rolled coil from 3 MTPA to 7 MTPA, 2.2 MTPA cold-rolled products, and 2 MTPA long products against an investment of INR 47,599 crore to be set up in Kalinga Nagar, Jajpur.
Expansion of JSPL’s 6 MTPA existing integrated steel plant from the proposed capacity of 18.6 MTPA to 25.2 MTPA against an investment of Rs 24,652 crore at Angul.