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

The proposal of GV Mines Minerals and Metals Private Limited to lay a 9 km iron ore pipe conveying system of capacity 3 MTPA from Roida-II mines to Bolani Railway Siding at Barbil, at an investment of Rs 104.48 crore, was also approved by the Odisha government.

The panel has cleared 4 ethanol plant projects by Greentech Bioenergy Private Ltd. (Rs 250 crore), Bio Agro Energy Private Ltd. (Rs 228.55 crore), Indian Potash Limited (Rs 219 crore), and Energy Intro Private Limited (Rs 205 crore).

Apart from contributing green and alternate energy, these ethanol units will use locally sourced grains such as broken rice, maize and other starch-containing grains as basic raw materials, providing a substantial income to local farmers, an official said.

Besides, the state has also approved the proposal of Abis Exports (India) Private Limited to set up a mechanised hatchery unit at Baripada in Mayurbhanj district with an investment of Rs 66.33 crore.

Tags: Odisha

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