Odisha clears four investment proposals of Rs 2172.92 crore

Bhubaneswar: The Odisha government has approved four investment proposals worth over Rs 2172.92 crore which would likely generate employment for 1,122 people.

The 93rd State Level Single Window Clearance Authority (SLSWCA) meeting chaired by Chief Secretary Asit Kumar Tripathy approved the projects in sectors like metal and metal downstream.

In a big boost to the state’s Metal Downstream sector, Rungta Mines Limited is looking at setting up 34 MTPA beneficiation plant in two phases, with an investment of Rs 975 crore and providing employment to about 290 people.

Rungta Mines Limited will also be setting up 20 MTPA underground slurry pipe line.

The project would be set up with an investment of Rs 951 crore, which would provide employment opportunities for 72 people. 

Shyam Metalics and Energy Limited proposed for expansion of its Pellet Plant from 0.3 MTPA to 1.2 MTPA capacity with a total investment of Rs 76.92 crore. It would create additional employment for 610 people.

The proposal of Wellman Steels Gangeya Supply Agency Private Limited for setting up 1.8 MTPA beneficiation plant and 1.2 MTPA Pellet Plant, with an investment of Rs. 170 crore, got nod at the meeting.

It will provide additional employment opportunities for 150 people.