2.53 Lakh Crore Rupees Invested In Odisha

BHUBANESWAR: While Odisha has inked a memorandum of understandings (MoUs) with 92 companies, 46 companies have started production with and investment of 2.53 lakh crore so far in the state.

“92 projects have inked MoUs with the state government to set up their industries with an investment of Rs 5.68 lakh crore. Of the 92 projects, 46 have commenced partial or full-scale production with an investment of Rs 2.53 lakh crore,” said industry minister Debi Prasad Mishra.

He said the 46 industries had generated employment for 152398 persons.

He informed that out of 48 steel companies, 40 companies have started production with an investment of Rs 1.2 lakh crore.

Bhushan Steel Ltd, Bhushan Steel & Power Ltd, Jindal Steel & Power Ltd (JSPL), Jindal Stainless Ltd (JSL), Tata Steel and Essar Steel like major companies have started production.

In the aluminium sector, Vedanta has started partial production from its alumina refinery at Lanjigarh and aluminium smelting facility at Jharsuguda while Hindalco Industries commenced production from its 0.36 mtpa aluminium smelter near Sambalpur.

In the power sector, Sesa Sterlite, GMR Kamalanga Energy Ltd and Jindal India Thermal Power Ltd (JITPL) have started generating power from their projects, informed the minister.

In the petroleum sector, Indian Oil Corporation Ltd (IOCL) has commissioned its 15 mtpa oil refinery at Paradeep with an investment of Rs 34555 crore.

The minister, however, informed that six industries, out of the 92 companies, have withdrawn from their projects in the state.

Bhushan Energy, Arcellor Mittal and Maharashtra Seamless like companies have withdrawn their projects from the state.