Odisha CM Performs Ground-Breaking for 5 Steel Projects
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Odisha CM Performs Ground-Breaking for 5 Steel Projects

Local media reported that Odisha Chief Minister Mr Naveen Patnaik performed groundbreaking of 17 industrial projects, ranging from metal and downstream,

Local media reported that Odisha Chief Minister Mr Naveen Patnaik performed groundbreaking of 17 industrial projects, ranging from metal and downstream, tourism, textile and apparel, cement, plastic and food processing sectors, on 17 February 2021 and inaugurated 5 projects. Chief Minister said “I am pleased that step by step, we are going high with impressive investments in the manufacturing sector, making the position of our State stronger as a Manufacturing Hub of India. Our consistent efforts to improve the investment ecosystem laced with our peaceful social climate are paying off to realize our desired goal.”

Inaugration

A Pellet plant Expansion from 0.3 million tonne per annum to 1.2 million tonne per annum capacity by Shyam Metalics and Energy Limited against an investment of INR 76.92 crore in Pandloi in Sambalpur district ws inaugurated

Groundbreaking

Expansion of Jindal Stainless’s Crude Stainless Steel capacity From 1.1 million tonne per annum to 3.2 million tonne per annum and Cold Rolling Mill capacity from 0.8 million tonne per annum to 2.4 million tonne per annum in Kalinganagar in Jajpur by Jindal Stainless Ltd against an investment of INR 6,840 crore

Expansion of Yazdani Steel & Power’s Integrated steel plant from 0.07 million tonne per annum to 1.19 million tonne per annum in Kalinganagar in Jajpur by Yazdani Steel & Power Limited against an investment of INR 2,415 crore

Expansion of MGM Minerals’s project by setting up 0.125 million tonne per annum Sponge Iron Plant, 0.6 million tonne per annum Pellet Plant, 0.25 million tonne per annum MS Billets, 0.25 million tonne per annum TMT & Wire Rods and 40 MW Captive Power Plant at Nimdha in Dhenkanal by MGM Minerals Limited against an investment of INR 801.89 crore

Expansion of GM Iron & Steel’s project by setting up 0.8 million tonne per annum Pellet Plant, 0.238 million tonne per annum DRI plant, 0.195 million tonne per annum Billet, 0.24 million tonne per annum Wire Rod Mill, 0.416 million tonne per annum Slag Cement and 46 MW Captive Power Plant at Parjang, Dhenkanal by GM Iron & Steel Company Limited against an investment of INR 607.52 crore

Expansion of project by setting up 0.21 million tonne per annum Sponge Iron, 1 million tonne per annum Iron ore Beneficiation,0.6 million tonne per annum Pellet, 0.112 million tonne per annum MS Billets, 0.112 million tonne per annum TMT, 50 TPH Coal Washery, and 24 MW Captive Power Plant at Tumkela, Sundergarh by BR Sponge and Power Limited against an investment of INR 200.20 crore

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