Latest news with #HLCA
Time of India
3 hours ago
- Business
- Time of India
Vedanta plans ₹1.28 lakh cr mega smelter plant in Dhenkanal, ET Manufacturing
Advt Advt Mining giant Vedanta Group 's mega aluminium project at an investment of Rs 1.28 lakh crore in Dhenkanal district are among the eight industrial projects worth Rs 1.51 lakh crore cleared by the state govt on high-level clearance authority (HLCA), chaired by chief minister Mohan Charan Majhi , approved Vedanta's plan to set up a 3 million tonnes per annum (MTPA) aluminium smelter along with a 4,900 MW captive power plant (CPP). The project is expected to generate 30,000 jobs and further strengthen Odisha's position as a global aluminium seven other approved projects, spread across six districts - Dhenkanal, Ganjam, Jajpur, Keonjhar, Khurda , and Sambalpur - cover diverse sectors including chemicals, steel, textiles, and metal downstream industries, promising an additional 30,200 CM-led panel approved SRF Ltd 's proposal to set up a speciality chemicals and refrigerant manufacturing unit with an annual capacity of 2 lakh MT in Ganjam, at an investment of Rs 10,000 crore, which is expected to generate 20,000 employment India Steel Tech Ltd will set up a 1.26 MTPA speciality steel processing facility in Dhenkanal, at an investment of Rs 3,600 crore, creating 2,000 jobs. The govt gave its nod to Shyam Steel Manufacturing Ltd for a 0.53 MTPA integrated steel plant, DI pipe unit and 46 MW CPP in Keonjhar, at an investment of Rs 2,490 crore, employing 2,370 Linde India Ltd will invest Rs 1,303.50 crore to establish an air separation unit in Jajpur, offering high-quality industrial gases and employing 100 the ancillary metal sector, the panel approved Star Metal Works Pvt Ltd's plan of a narrow hot strip mill, cold rolling, and plate-cum-steckle mill at an investment of Rs 2,291 crore in Sambalpur, creating 250 jobs. Supreme Metals Export Pvt Ltd plans a 1.2 MTPA rolling mill for TMT bars and wire rods in Keonjhar, worth Rs 1,500 crore, generating 680 textiles sector, Sportking India Ltd will invest Rs 2,055 crore in Khurda to establish a cotton and blended yarn manufacturing unit at an annual capacity of 62,000 MT, creating 4,800 jobs.
Time of India
3 hours ago
- Business
- Time of India
Odisha approves 8 mega industrial projects worth ₹1.51 lakh crore, ET Manufacturing
Advt Advt In a major boost to Odisha 's industrialisation, the state government has approved eight mega projects worth over Rs 1.51 lakh crore, which are set to create over 62,000 job opportunities, officials industrial projects were approved at the High-Level Clearance Authority ( HLCA ) meeting chaired by Chief Minister Mohan Charan Majhi on aluminium, chemicals, steel, textiles and ancillary and downstream metal sector projects are spread across six districts - Dhenkanal, Ganjam, Jajpur, Keonjhar, Khurda and Sambalpur. Majhi said since June 12 last year, his government has held six HLCA these meetings, a total of 62 projects have been approved with an investment opportunity of Rs 5.67 lakh crore that can potentially create around 2.42 lakh jobs, the officials said."This progress is a clear step towards the national goal of Viksit Bharat by 2047 and the state's vision of 'Samruddha Odisha' by 2036. Odisha is moving towards becoming a leading industrial and investment hub in India," the CM the aluminium sector, Vedanta Ltd leads with an investment proposal of Rs 1,28,000 crore for a 3-MTPA aluminium smelter and a 4,900-MW captive power plant ( CPP ) in mega project is expected to create 30,000 jobs, an official statement chemicals sector also saw a substantial proposal by SRF ltd to set up a specialty chemicals and refrigerant manufacturing unit with an annual capacity of 2 lakh MT in Ganjam, involving an investment of Rs 10,000 crore and potential generation of 20,000 employment opportunities, it the steel and metal downstream sector, Jindal India Steel Tech Ltd will set up a 1.26-MTPA specialty steel processing facility in Dhenkanal, with an investment of Rs 3,600 crore, creating 2,000 Linde India Ltd will invest Rs 1,303.50 crore to establish an air separation unit in Jajpur, offering high-quality industrial gases and employing 100 people, it the textiles sector, Sportking India Ltd will invest Rs 2,055 crore in Khurda to establish a cotton and blended yarn manufacturing unit with an annual capacity of 62,000 MT, creating 4,800 employment opportunities, the statement added.
Time of India
11 hours ago
- Business
- Time of India
Vedanta plans Rs 1.28L cr mega smelter plant in Dhenkanal
1 2 Bhubaneswar: Mining giant Vedanta Group's mega aluminium project at an investment of Rs 1.28 lakh crore in Dhenkanal district are among the eight industrial projects worth Rs 1.51 lakh crore cleared by the state govt on Monday. The high-level clearance authority (HLCA), chaired by chief minister Mohan Charan Majhi, approved Vedanta's plan to set up a 3 million tonnes per annum (MTPA) aluminium smelter along with a 4,900 MW captive power plant (CPP). The project is expected to generate 30,000 jobs and further strengthen Odisha's position as a global aluminium hub. The seven other approved projects, spread across six districts — Dhenkanal, Ganjam, Jajpur, Keonjhar, Khurda, and Sambalpur — cover diverse sectors including chemicals, steel, textiles, and metal downstream industries, promising an additional 30,200 jobs. The CM-led panel also approved SRF Ltd's proposal to set up a speciality chemicals and refrigerant manufacturing unit with an annual capacity of 2 lakh MT in Ganjam, at an investment of Rs 10,000 crore, which is expected to generate 20,000 employment opportunities. In the steel and metal downstream sector, Jindal India Steel Tech Ltd will set up a 1.26 MTPA speciality steel processing facility in Dhenkanal, at an investment of Rs 3,600 crore, creating 2,000 jobs. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Tutuban Mall: Scholarships You Can Apply For (Start Now) College Scholarship | Google Search Search Now Undo Further, the govt gave its nod to Shyam Steel Manufacturing Ltd for a 0.53 MTPA integrated steel plant, DI pipe unit and 46 MW CPP in Keonjhar, at an investment of Rs 2,490 crore, employing 2,370 people. Additionally, Linde India Ltd will invest Rs 1,303.50 crore to establish an air separation unit in Jajpur, offering high-quality industrial gases and employing 100 people. In the ancillary metal sector, the panel approved Star Metal Works Pvt Ltd's plan of a narrow hot strip mill, cold rolling, and plate-cum-steckle mill at an investment of Rs 2,291 crore in Sambalpur, creating 250 jobs. Supreme Metals Export Pvt Ltd plans a 1.2 MTPA rolling mill for TMT bars and wire rods in Keonjhar, worth Rs 1,500 crore, generating 680 jobs. In the textiles sector, Sportking India Ltd will invest Rs 2,055 crore in Khurda to establish a cotton and blended yarn manufacturing unit with an annual capacity of 62,000 MT, creating 4,800 jobs. The CM said the six HLCA meetings chaired by him since he took over cleared 62 projects with total investments of Rs 5.67 lakh crore that can potentially create about 2.42 lakh jobs. "It is a clear step towards the national goal of 'Viksit Bharat by 2047' and the state's vision of 'Samruddha Odisha by 2036'. Odisha is moving confidently towards becoming a leading industrial and investment hub in India," he said.
Time of India
17 hours ago
- Business
- Time of India
Odisha mega projects: State approves Rs 1.51 lakh crore industrial push; over 62,000 jobs on the horizon
Odisha's government on Monday approved eight mega projects with a combined investment of Rs 1.51 lakh crore, in a significant push for the state's industrial growth. The projects, which are expected to generate more than 62,000 employment opportunities, were given the green light during a high-level clearance authority (HLCA) meeting chaired by CM Mohan Charan Majhi. The approved ventures span six districts: Dhenkanal, Ganjam, Jajpur, Keonjhar, Khurda and Sambalpur, covering key sectors such as aluminium, chemicals, steel, textiles, and downstream metal industries. Since June last year, the Majhi-led government has held six such HLCA meetings, during which a total of 62 industrial projects have been cleared. Together, these initiatives account for investments worth Rs 5.67 lakh crore and the potential to create 2.42 lakh jobs across the state. 'This progress is a clear step towards the national goal of Viksit Bharat by 2047 and the state's vision of Samruddha Odisha by 2036. Odisha is moving confidently towards becoming a leading industrial and investment hub in India,' CM Majhi said. Odisha will be completing 100 years as a state in 2036. Here's a breakdown of the investments planned across the eight districts: The aluminium sector will see its largest investment yet, with Vedanta Limited committing Rs 1.28 lakh crore to set up a 3 MTPA aluminium smelter and a 4900 MW captive power plant in Dhenkanal. The project alone is expected to create 30,000 jobs. In Ganjam, SRF Limited plans to invest Rs 10,000 crore in a specialty chemicals and refrigerant manufacturing unit, with an estimated employment potential of 20,000. Dhenkanal will also host a 1.26 MTPA specialty steel processing unit by Jindal India Steel Tech Limited, which is investing Rs 3,600 crore and will generate 2,000 jobs. Shyam Steel Manufacturing Limited has proposed setting up a 0.53 MTPA integrated steel plant along with a ductile iron (DI) pipe unit and a 46 MW captive power plant in Keonjhar. The project involves an investment of Rs 2,490 crore and is expected to create 2,370 jobs. Meanwhile, Supreme Metals Export Private Limited has proposed setting up a 1.2 MTPA rolling mill for TMT bars and wire rods in Keonjhar, with an investment of Rs 1,500 crore. The project is expected to create 680 jobs, officials said. In the textiles sector, Sportking India Limited will invest Rs 2,055 crore to establish a cotton and blended yarn manufacturing unit in Khurda, with an annual production capacity of 62,000 MT. The project is projected to generate 4,800 employment opportunities. Additionally, Linde India Limited plans to invest Rs 1,303.50 crore in Jajpur to set up an Air Separation Unit, which will supply high-quality industrial gases and generate employment for 100 people. In the ancillary metal sector, Star Metal Works Private Limited will invest Rs 2,291 crore to establish a narrow hot strip mill, cold rolling mill, and plate-cum-Steckle mill in Sambalpur. The project is expected to generate 250 employment opportunities. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
