HLCA clears 3 investment proposals of Rs 6923.26 crore in Odisha

Bhubaneswar: The Odisha government on Saturday approved 3 investment proposals worth Rs 6923.26 crore.

The three projects will have employment potential of 4638 persons.

The 22nd High-Level Clearance Authority (HLCA) meeting held under the chairmanship of Chief Minister Naveen Patnaik cleared the proposals.

The HLCA approved the proposal of Thriveni Earthmovers Private Ltd for setting up 30 MTPA Beneficiation plant in two phases at Deojhar in Keonjhar district.

It will invest Rs. 1426.75 crore and provide employment to about 884 people.

It also approved the proposal of Thriveni Earthmovers Private Ltd. for expansion of pellet plant capacity of 24 MTPA pellet plant in three phases, located at Bhitargarh City in Paradip with an additional investment of Rs. 3396.51 crores providing additional employment of 954 people.

The proposal of Orissa Metaliks Private Limited for setting up of a 1.2 MTPA Integrated Steel Plant along with 225MW CPP at Nayagarh in Keonjhar district with a total investment of Rs. 2100 crore providing employment of 2800 people was also approved by HLCA.