The High Level Clearance Authority of Odisha led by Chief Minister Mr Naveen Patnaik has approved nine investment projects worth INR 1.53 lakh crore. The HLCA has given a go-ahead to four projects in the green energy and equipment sector, two projects in the paper industries, two projects in the steel sector and one project in the IT infrastructure sector. The project intents were received during the Make in Odisha Conclave 2022.The proposal of AMNS India plans to set up a 7 million tonne per annum steel plant in Jagatsinghpur district of Odisha with an investment of INR 38,000 crore has been approved.ArcelorMittal had in 2006 signed an MoU with the government to set up a 12-million tonne steel plant in four phases at Keonjhar with an investment INR 50,000 crore. ArcelorMittal however withdrew from the project due to protests by local people and the state government’s failure to recommend a mining lease in favor of the company.The proposal of Rungta Metals for the expansion of its integrated steel plant from 0.5 million tonne per annum to 1 million tonne per annum in Rairangpur of Mayurbhanj district with an investment of INR 1,140 crore.
The High Level Clearance Authority of Odisha led by Chief Minister Mr Naveen Patnaik has approved nine investment projects worth INR 1.53 lakh crore. The HLCA has given a go-ahead to four projects in the green energy and equipment sector, two projects in the paper industries, two projects in the steel sector and one project in the IT infrastructure sector. The project intents were received during the Make in Odisha Conclave 2022.The proposal of AMNS India plans to set up a 7 million tonne per annum steel plant in Jagatsinghpur district of Odisha with an investment of INR 38,000 crore has been approved.ArcelorMittal had in 2006 signed an MoU with the government to set up a 12-million tonne steel plant in four phases at Keonjhar with an investment INR 50,000 crore. ArcelorMittal however withdrew from the project due to protests by local people and the state government’s failure to recommend a mining lease in favor of the company.The proposal of Rungta Metals for the expansion of its integrated steel plant from 0.5 million tonne per annum to 1 million tonne per annum in Rairangpur of Mayurbhanj district with an investment of INR 1,140 crore.
