News Brief
Odisha Clears Investment Proposals Worth Rs 1.65 Lakh Crore In Steel, Aluminium, Power, Green Energy And Other Sectors
Odisha CM Mohan Charan Majhi
In a major boost to state's industrial landscape, Odisha’s High-Level Clearance Authority (HLCA), under the chairmanship of Chief Minister Mohan Majhi, has approved investment proposals worth Rs 1,65,303 crore, reported The Hindu.
The investments span across critical sectors such as steel, aluminium, power generation, green hydrogen, engineering goods, and green energy equipment.
These projects are expected to generate over 51,939 jobs, offering a major employment push across seven districts—Bhadrak, Cuttack, Ganjam, Keonjhar, Khurda, Mayurbhanj, and Rayagada.
One of the most substantial investments comes from Vedanta Group, which has committed Rs 91,528 crore for two major projects in Rayagada.
The first project involves an investment of Rs 50,537 crore for a 6 MTPA alumina refinery, while the second is a 1.2 MTPA aluminium smelter with an outlay of Rs 40,991 crore.
Together, these projects will create 15,900 jobs, significantly contributing to employment generation in the region and strengthening Odisha’s status as a key player in the metals and mining sector.
The steel industry is also witnessing major investments, with JSW Steel Limited announcing a Rs 35,000 crore investment for setting up a 5 MTPA integrated steel plant in Keonjhar, the home district of Chief Minister Mohan Majhi.
Additionally, OCL Iron and Steel Limited plans to expand its steel production capabilities by establishing a 1.2 MTPA integrated steel plant in the same district, with an investment of Rs 3,000 crore.
Meanwhile, in Bhadrak, Shyam Steel Works Private Limited will set up a 1.5 MTPA integrated steel plant with an outlay of Rs 5,200 crore, further cementing Odisha’s position as a leading steel-producing state.
The power sector, too, is set to benefit from these investment clearances.
Orissa Thermal Energy Limited has proposed a 2,400 MW ultra-supercritical coal-based thermal power plant, which will bring in an investment of Rs 18,450 crore.
Additionally, Orissa Metallurgical Industry Private Limited has committed Rs 8,000 crore to establish a titanium complex in Ganjam, aimed at producing titanium slag, titanium pigment, and titanium sponge, which are essential components for several industries.
