Odisha has approved investments across diverse sectors, including steel, aluminum, power & green hydrogen, aiming to bolster industrial growth & create over 51,000 jobs
OdishaPlus Bureau
The government of Odisha has sanctioned investments totaling Rs 1,65,303 crore for ten major industrial initiatives across seven districts. This decision was made during the 40th meeting of the High-Level Clearance Authority (HLCA), which was presided over by Chief Minister Mohan Charan Majhi. The approved initiatives, which encompass sectors such as steel, aluminum, power generation, and green hydrogen, are anticipated to generate 51,939 new employment opportunities.
These investments will be allocated among the districts of Bhadrak, Cuttack, Ganjam, Keonjhar, Khurda, Mayurbhanj, and Rayagada. Vedanta Ltd is at the forefront of these investments, with two significant projects in Rayagada: a Rs 50,537 crore alumina refinery with a capacity of 6 MTPA and a Rs 40,991 crore greenfield aluminum smelter with a capacity of 1.2 MTPA, which together are expected to create 15,900 jobs.
Additionally, JSW Steel Limited intends to set up a 5 MTPA integrated steel plant in Keonjhar, investing Rs 35,000 crore in the steel sector. Other notable steel projects include Shyam Steel Works’ Rs 5,200 crore facility in Bhadrak and OCL Iron and Steel’s Rs 3,000 crore plant in Keonjhar.
Orissa Thermal Energy Limited is set to invest Rs 18,450 crore in a 2400 MW ultra-super critical coal-based thermal power plant located in Cuttack, which is expected to generate 8,100 employment opportunities. Additionally, the state is advancing its commitment to green technology through Shreetech Data Limited’s Rs 1,560 crore green hydrogen initiative in Mayurbhanj and World Green Energy’s Rs 1,475 crore solar manufacturing plant in Ganjam.
According to a government statement, “These investments signify a significant advancement in Odisha’s industrial development. The state government is dedicated to positioning Odisha as a leading investment hub while promoting sustainable growth.” The statement further emphasizes that the approval of these projects solidifies Odisha’s status as a burgeoning industrial center in India, with a strong emphasis on both conventional and renewable energy sectors.
