Odisha Sees Unveiling of Projects Worth ₹11,000 Crore
A slew of projects, totalling around ₹11,000 crores in net worth, were launched in Odisha on 6th February in the presence of Union Petroleum and Natural Gas Minister Dharmendra Pradhan, and Nitin Gadkari, the Union Road Transport and Highways Minister.
Among the highlights include a polypropylene plant at Paradip port, which was built at a projected cost of ₹3,150 crores. The 680 kilotonnes per annum plant is expected to ramp up Indian Oil’s petrochemical production to 3.15 million tonnes per annum (MTPA), apart from playing a key role in supporting the plastics industry in the Eastern `region. Additionally, a multipurpose clean cargo berth, which has an annual capacity of 50 lakh tonnes/year, was inaugurated. This container handling facility will help the local industry to reach out to global markets.
Foundation stones for six projects at Paradip port were also laid on the occasion. An LPG Terminal at South Oil Jetty worth ₹690 crores, to be operated by IOCL primarily for the import of LPG to cater to domestic consumption requirements, was announced. Furthermore, three coal handling plants will get mechanised at an estimated cost of ₹1500 crores.
Development of new coal import berth is also scheduled and is expected to be over by April 2021. A state-of-the-art Multi Modal Logistic park is being set up with a sprawling space of 11 lakh square feet.
Three National Highway projects were inaugurated, with a combined cost of ₹2345 crores. These National Highways would ensure better connectivity of the mineral-rich Angul and Dhenkanal districts with the rest of the state, thus ensuring smoother integration and faster transportability.