Odisha approves Investment Proposals worth over Rs 6400Cr under HLCA & SLSWCA

Odisha has cleared investment proposals worth over Rs 6400 crore under High Level Clearance Authority (HLCA) and State Level Single Window Clearance Authority (SLSWCA).

While the 25th HLCA meeting chaired by Chief Minister Naveen Patnaik approved three major industrial projects worth Rs 5358 crore, Chief Secretary Suresh Chandra Mahapatra cleared five industrial projects to the tune of Rs 1085.08 crore.

The in-principle approval was given by the Chief Minister to projects in the Metal & Metal Downstream, Cement and Refinery & Petrochemicals sectors. These three industrial projects are expected to create 3667 employment opportunities in the state.

The three projects include expansion of Yazdani Steel & Power Limited Integrated Steel Plant from a capacity of 0.07 MTPA to 1.19 MTPA in Kalinganagar, Jajpur; additional clinker capacity of 1.32 MTPA and Cement capacity of 1.05 MTPA by Shiva Cement Limited in Sundargarh district and development of Crude Oil Terminal to be set up by Numaligarh Refinery Ltd (NRL) at Paradeep in Jagatsinghpur.

Under the SLSWCA, the Chief Secretary gave his nod to five projects – a sulphuric acid expansion project unit by IFFCO; expansion of Patnaik Minerals Private Limited in Sundergarh; an ethanol manufacturing unit by Premier Alcobev Private Limited at Bamra in Sambalpur; a bottling plant by Cuttack Agrivet Pvt Ltd and a 4-Star Hotel-cum-Resort by S J Developers and Housing Private Limited.

The state had garnered new investments to the tune of Rs 1,19,214.72 crore since February 2020.

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