Odisha's Thriving Mega Ventures

Steel Odisha
Steel OdishaImage Source: SteelGuru

Synopsis

Odisha greenlights multiple projects worth INR 84,918.75 crore, including a 0.72 MMTPA green ammonia plant and Tata Steel's 6.50 MTPA HR & CR Coilplant. These ventures span steel, renewable energy, textiles, and more, aiming to generate jobs for 42,281 individuals across sectors, marking a significant boost in employment and industrial growth.

Article

Sembcorp Green Hydrogen India Private Limited secures approval to establish a 0.72 MMTPA green ammonia manufacturing unit in Gopalpur, Ganjam district, investing INR 13,000 crore, offering employment to 1,250 people. Odisha's Chief Minister, Naveen Patnaik, greenlights 12 key projects during the High-Level Clearance Authority (HLCA) meeting, totaling an investment intent of INR 84,918.75 crore.

The approved projects span diverse sectors like apparel, textiles, green hydrogen, ammonia production, steel, power, renewable energy, and downstream chemical and petrochemical sectors, signaling an expansive thrust in economic development and job creation.

Tata Steel receives approval for a significant project in Dhenkanal, aiming to establish an HR & CR Coilplant with a production capacity of 6.50 MTPA, valued at INR 10,351.11 crore. This mega venture is anticipated to generate employment opportunities for 3,725 individuals, contributing significantly to the state's industrial workforce.

In Jharsuguda district, Orissa Metallurgical Industry Private Limited secures approval to invest INR 5,200 crore in an Integrated Steel Plant, Captive Power Plant, and Cement Grinding Unit, expected to generate employment for 6,000 individuals, further fostering industrial growth in the region.

The downstream steel sector witnesses BMW Industries Limited receiving HLCA approval for an INR 1,094.82 crore investment in a production plant in Kalinganagar, Jajpur district, foreseeing employment generation.

Conclusion

Odisha's Chief Minister's nod to projects across various sectors, notably in green hydrogen, ammonia production, and steel manufacturing, promises significant economic growth and employment opportunities for over 42,000 individuals. The state's thrust in industrial development marks a substantial stride towards fostering diverse industries and job creation.

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