Synopsis: The 32nd High-Level Clearance Authority (HLCA) meeting, led by Chief Minister Naveen Patnaik, has given the green light to nine significant industrial projects , including JSW Utkal Steel’s planned expansion to 24 million metric tonsArticle:In a momentous decision, the 32nd High-Level Clearance Authority meeting, helmed by Chief Minister Naveen Patnaik, has granted approval for nine major industrial ventures. These projects, collectively valued at a staggering Rs 101,804 crore, hold the potential to transform the industrial landscape of Odisha and create significant employment opportunities.The approved projects are slated to be established across various districts in the state, including Jagatsinghpur, Jajpur, Jharsuguda, Khordha, Bhadrak, Ganjam, and Koraput. Each of these projects brings with it the promise of economic growth and job creation, marking a significant milestone for Odisha's industrial sector.Among the notable projects greenlit by the HLCA, JSW Utkal Steel stands out for its ambitious plans to double its capacity from 12 million metric tonnes per annum to 24 million metric tonnes per annum. This expansion, expected to require an investment of Rs 75,000 crore, is anticipated to generate employment opportunities for a staggering 12,000 individuals. The project is set to be based in Jagatsinghpur, further solidifying the region's significance in the steel industry.Additionally, Jindal Ferrous has been granted approval to establish a 2.35 million metric tonnes per annum carbon steel plant in Kalinganagar, Jajpur, with an investment of Rs 3,449 crore. This project is poised to provide employment opportunities for 1,396 individuals and contribute to the state's steel manufacturing capabilities.Another noteworthy venture, MSP Metallics, is set to establish a 1.39 MTPA steel plant and a 251 MW Combined Power Plant (CPP) at Marakuta, Jharsuguda. This ambitious project, valued at Rs 1,500 crore, is expected to create employment for approximately 4,000 individuals, further bolstering the economic landscape of the region.
Synopsis: The 32nd High-Level Clearance Authority (HLCA) meeting, led by Chief Minister Naveen Patnaik, has given the green light to nine significant industrial projects , including JSW Utkal Steel’s planned expansion to 24 million metric tonsArticle:In a momentous decision, the 32nd High-Level Clearance Authority meeting, helmed by Chief Minister Naveen Patnaik, has granted approval for nine major industrial ventures. These projects, collectively valued at a staggering Rs 101,804 crore, hold the potential to transform the industrial landscape of Odisha and create significant employment opportunities.The approved projects are slated to be established across various districts in the state, including Jagatsinghpur, Jajpur, Jharsuguda, Khordha, Bhadrak, Ganjam, and Koraput. Each of these projects brings with it the promise of economic growth and job creation, marking a significant milestone for Odisha's industrial sector.Among the notable projects greenlit by the HLCA, JSW Utkal Steel stands out for its ambitious plans to double its capacity from 12 million metric tonnes per annum to 24 million metric tonnes per annum. This expansion, expected to require an investment of Rs 75,000 crore, is anticipated to generate employment opportunities for a staggering 12,000 individuals. The project is set to be based in Jagatsinghpur, further solidifying the region's significance in the steel industry.Additionally, Jindal Ferrous has been granted approval to establish a 2.35 million metric tonnes per annum carbon steel plant in Kalinganagar, Jajpur, with an investment of Rs 3,449 crore. This project is poised to provide employment opportunities for 1,396 individuals and contribute to the state's steel manufacturing capabilities.Another noteworthy venture, MSP Metallics, is set to establish a 1.39 MTPA steel plant and a 251 MW Combined Power Plant (CPP) at Marakuta, Jharsuguda. This ambitious project, valued at Rs 1,500 crore, is expected to create employment for approximately 4,000 individuals, further bolstering the economic landscape of the region.
