The State Level Single Window Clearance Authority on Friday cleared seven investment proposals worth INR 3491 crore. The proposals include four in the steel sector worth INR 2870 crore, one iron ore pellet plant, an iron ore beneficiation plant and a cement plant.

Mr CJ Venugopal CMD of Industrial Promotion and Investment Corporation of Orissa Ltd told media persons after the meeting of the SLSWCA chaired by the state chief secretary Mr BK Patnaik T Ramchandru, principal secretary (industries) was present on the occasion.

Among the proposals approved in the steel sector was that of Shyam Steel Ltd which has proposed to set up a 0.6 million tonne per annum steel plant at Banai tehsil in Sundergarh district at a cost of INR 925 crore. The plant has a potential to generate direct employment for 1800 people.

Similarly, Shree Bajrang Power & Ispat Ltd has proposed to set up at 210,000 tonne per annum steel plant at Deogarh at a cost of INR 500 crore. The project will create direct employment for 1200 people. Rupa Ispat which intends to set up a 210,000 tonne per annum steel plant at an investment of INR 645 crore at Harichandrapur in Keonjhar district also got the nod of the SLSWCA.

The other proposal in the steel sector that got the green signal of the Single Window was that of TATA Steel that has proposed to set up a 400,000 tonnes per annu, rebar mill and a 55,000 tonne per annum high carbon ferrochrome plant at Gopalpur at a combined cost of INR 800 crore.

The Single Window also gave its nod for the iron ore beneficiation plant proposed by Aryan Ispat & Trading Corporation Ltd at Koira in Sundergarh district, entailing an The Single Window also gave its nod for the iron ore beneficiation plant paroposed by Aryan Ispat & Trading Corporation Ltd at Koira in Sundergarh district, entailing an investment of INR 423 crore.

(Sourced from BS)