Odisha govt clears 10 proposals of Rs 1.10 lakh crore

Bhubaneswar: The Odisha government on Friday approved 10 proposals with an investment of Rs 1.10 lakh crore which will create nearly 46,000 jobs in the state.

The High Level Clearance Authority (HLCA) chaired by Chief Minister Naveen Patnaik approved the projects.

Speaking about the ongoing investment proposals received by Odisha, the Chief Minister said, “We are extremely pleased to have received firm commitments for more than 50% of the investment intents received during the Investors’ Meets held last year at Mumbai, Bengaluru and Bhubaneswar. Our priority now is on-ground implementation of these projects to create additional employment opportunities for our people. Our policy and the business ecosystem are among the best in the country and we shall strive to improve them further”.

The projects approved by the HLCA include those by JSW Steel Limited, Paradeep Phosphate Ltd., OCL India Limited, NLC India, National Aluminum Company Ltd. Bhusan Power & Steel Ltd., National Mineral Development Corporation, JSW Infrastructure Ltd. and Smartchem Technologies Ltd.

Following the Make in Odisha Conclave in Bhubaneswar and Odisha Investor’s Meets in Mumbai and Bengaluru, the state received investment intent of Rs 3.6 Lakh Crores through a total of 124 projects.

The government has already received firm commitment for 71 projects. This is one of the highest and fastest rates of conversion of investment intent into commitment anywhere in the country.

With large number of industries evincing interest to start operations in Odisha, the state government has decided to focus on rapid on-ground implementation of these projects. An inter-ministerial committee chaired by Minister, Industries is closely monitoring the process.

A GIS enabled land bank of 100,000 acres has been created to ensure ready availability. In the next quarter, groundbreaking and inauguration of more than 10 industrial projects are planned in various districts across the state.

Abstract of Projects Approved by 17th HLCA


Sl. Name Sector Capacity Location Amount       (Rs in crores) Employment Potential
1 NLC Thermal Power Power & Renewable Energy 3200 MW

(4 X 800)

Jharsuguda 23,569.60 3,320
2 JSW Steel Metal & Minerals 10 MTPA Paradip 50,000.00 30,000
3 JSW Slurry Pipeline Metal & Minerals 30 MTPA Joda to Paradip 3,700.00 350
4 NALCO Smelter Expansion Metal & Minerals 0.50 MTPA Angul 10,000.00 5,700
5 NALCO Refinery Expansion Metal & Minerals 1.0 MTPA Damanjodi 4,357.20 1,462
6 Bhushan Power and Steel Limited Metal & Minerals 5.50 MTPA Jharsuguda 4,252.40 900
7 NMDC Pellet Plant Metal & Minerals 2 MTPA Dhamra 1,810.00 850
8 PPL Expansion Fertilizer, Refinery, Petro-Chemical, Chemical & Plastics Urea Plant – 3,850 MTPD

DAP Plant  – 1,300 MTPD

Paradip 9,459.17 2,667
9 Deepak Fertilizers and Petrochemicals Corporation Ltd. Fertilizer, Refinery, Petro-Chemical, Chemical & Plastics Technical Ammonium Nitrate – 3,30,000 MTPA Paradip 1,750.00 440
10 OCL Cement Plant Expansion Cement 2.25 MTPA Rajgangpur 1,994.98 365
Total 1,10,893.40 46,054