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Business Standard
02-05-2025
- Business
- Business Standard
Odisha govt clears Rs 3,898 cr investment projects to create 7,400 jobs
The Odisha government on Friday approved 19 projects worth Rs 3,898 crore, which are expected to generate employment for over 7,400 people. According to an official statement, the State Level Single Window Clearance Authority (SLSWCA), chaired by Chief Secretary Manoj Ahuja, has given its nod to the proposals spanning various sectors such as steel, iron & ferro alloys, industrial gases, logistics, food and beverage, agro-processing, tourism and hospitality, chemicals, metal downstream, and apparel and textile. The projects are proposed to be grounded in Angul, Balasore, Cuttack, Dhenkanal, Ganjam, Jajpur, Keonjhar, Khurda, Koraput, Sambalpur and Sundargarh, it said. The state has approved the proposal of Sree Metaliks Limited to expand its integrated steel plant in Keonjhar with an investment of Rs 885 crore, it said. The proposal of Tata Steel to enhance its crude steel capacity from the proposed 6.5 million tonne per annum (MTPA) to 7.1 MTPA with an additional investment of Rs 700 crore was also green-lighted by the panel. Lal Baba Seamless Tubes Pvt Ltd proposed to establish a precision tube manufacturing facility in Cuttack with an investment of Rs 200 crore while Surlon India Ltd will set up a railway component manufacturing unit in Sundargarh for Rs 55 crore. Both projects were approved by the Odisha government, the statement said. Among others, the SLSWCA also approved the proposals of Linde India Ltd (Rs 425 crore), Bhuvaneshwari Foods & Beverages Pvt Ltd (Rs 300 crore), ACME Clean Energy Pvt Ltd (Rs 366.50 crore), and Vasanth Vihar Constructions ( Rs 134.50 crore). (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
02-05-2025
- Business
- Time of India
Govt approves 19 projects worth Rs 3,898cr, to create 7,464 jobs
Bhubaneswar: The 136th meeting of the state-level single window clearance authority (SLSWCA), chaired by chief secretary Manoj Ahuja, on Friday approved 19 major projects at an investment of Rs 3,898.54 crore, marking a significant boost to the industrial landscape. Tired of too many ads? go ad free now The approved projects, spanning 11 districts, are expected to generate 7,464 jobs across various sectors, including steel, industrial gases, logistics and tourism. In a major development, Tata Steel will invest Rs 700 crore to increase its crude steel capacity from 6.5 MTPA (million tonnes per annum) to 7.1 MTPA, creating 375 new jobs. Sree Metaliks Limited plans an Rs 885 crore expansion of its integrated steel plant in Keonjhar, promising 950 jobs. The industrial gas segment will see the entry of Linde India Ltd investing Rs 425 crore in Jajpur for a new air separation unit with an annual capacity of 12 lakh metric tonnes. The beverages sector will welcome a manufacturing unit of Bhuvaneshwari Foods & Beverages in Khurda at an investment of Rs 300 crore, expected to create employment for 820 people. The tourism sector has attracted six major projects, including luxury resorts and 4-star hotels, with a combined investment of over Rs 500 crore. These projects will create around 1,448 jobs across Khurda, Ganjam, Angul and Koraput. Notable investments in other sectors include ACME Clean Energy's floating terminal at Rs 366.50 crore in Ganjam and a Rs 100 crore textile processing unit of Shree Sidhi Vinayak Texcolours in Khurda. The Khurda unit is expected to create 1,070 jobs. "These investments align with the state govt's vision of 'Samruddh Odisha by 2036' and demonstrate the state's growing appeal as an investment destination," read a govt statement. The projects will be implemented across Angul, Balasore, Cuttack, Dhenkanal, Ganjam, Jajpur, Keonjhar, Khurda, Koraput, Sambalpur and Sundargarh districts, ensuring balanced regional development.|
