December 2021 \ Business & Investment \ BUSINESS AND GOVERNANCE
Odisha approves investments of Rs 1,872 crore

  • Mr Hemant Kumar Sharma

The State Level Single Window Clearance Authority (SLSWCA) of the Odisha government in November approved eight investment proposals of Rs 1872.11 crore that would generate employment opportunities for over 3,400 persons in the state, officials said.

Principal Secretary of Industries, Hemant Kumar Sharma said that the approved proposals were mainly from sectors like food processing, agriculture, animal husbandry, petroleum products, steel, and downstream manufacturing.

The authority headed by Chief Secretary Suresh Chandra Mahapatra has approved Jindal Coke Limited’s expansion proposal of Rs 470 crore. The company proposed to double its production from 0.425 million tonne per annum (MTPA) to 0.85 MTPA at its existing unit (coke and petroleum products plant) at Kalinga Nagar Industrial Complex in Jajpur.

The SLSWCA gave the nod to Shyam Metalics and Energy Limited to set up a 0.108 MTPA Ferro Alloys plant (3x18 MVA) along with a 50 MW captive power plant and railway siding at an investment of Rs 328.75 crore to be set up at Kalinga Nagar.

Tags: Odisha