Invest Odisha

Five investment proposals get in-principle nod in Odisha

Bhubaneswar: The Odisha government on Friday approved five industrial projects worth of Rs 1851.96 crore in the metal and metal downstream and cement sectors.

The projects would provide employment opportunities 1624 persons in the state.

The State Level Single Window Clearance Authority (SLSWCA) headed by chief secretary Asit Tripathy accorded in-principle approval to the five industrial projects.

The details of the five projects:

●A 2.0 MTPA Pellet and grinding plant initiated by M/s Narbheram Power and Steel Pvt. Limited against an investment of INR 350 crores to be set up in Joda, District – Keonjhar, which will generate employment opportunities for over 258 persons.

●Expansion of M/s Viraj Steel & Energy Pvt. Ltd at Gurupali, Lapanga in Sambalpur from its existing 0.1 MTPA Integrated Steel Plant to a 0.3 MTPA capacity against an investment of INR 261.71 crores, which will guarantee employment opportunities for over 338 persons. 

●BR Sponge and Power Limited’s expansion unit at Tumkela in Sundergarh by setting up 0.21 MTPA Sponge Iron, 1 MTPA Iron ore Beneficiation, 0.6 MTPA Pellet, 0.112 MTPA MS Billets, 0.112 MTPATMT, 50 TPH Coal Washery, and 24 MW Captive Power Plant.

●Revision of M/s. Nu Vista Limited (Erstwhile Emami Cement) Cement grinding capacity from 1.5 MTPA to 2 MTPA in Kalinga Nagar, Jajpur against an investment of INR 598.62 crores.

●A Cement grinding unit of 2.5 MTPA capacity initiated by M/s. OCL India Limited (OCL) to be set up in Biswali, Cuttack against the investment of INR 441.43 crores, which will generate over 141new jobs.