CapEx News
Project News,Updates,Bids & Tenders for Consultants,EPC Contactors,Industrial Suppliers & Service Providers
10 investment proposals worth Rs 1.65 lakh crore cleared by Odisha govt to create over 50,000 jobs
Power Generation - Mar 28,2025 -The Odisha government approved 10 investment proposals, including those of Vedanta Ltd and JSW Steel, worth over Rs 1.65 lakh crore, having the potential to create over 50,000 jobs, a statement said.
The approvals were given at a meeting of the High-Level Clearance Authority (HLCA), chaired by Chief Minister Mohan Charan Majhi.
Among the projects for which approval was given was Vedanta Ltd's two projects in the Rayagada district.
The mining major will invest Rs 50,537 crore for setting up a 6-mtpa alumina refinery, and Rs 40,991 crore for a greenfield 1.2-mtpa aluminium smelter.
The HLCA approved JSW Steel Ltd's Rs 35,000 crore investment proposal for a 5-mtpa integrated steel plant in Keonjhar.
It also approved Shyam Steel's 1.5-mtpa integrated steel plant worth Rs 5,200 crore in Bhadrak.
Approval was also given to OCL Iron and Steel Ltd's Rs 3,000-crore integrated steel plant, which has a capacity of 1.2 mtpa, in Keonjhar.
Orissa Thermal Energy Ltd's 2,400-mw (3 x 800 mw) ultra super critical thermal power plant was also approved. It will be set up at an investment of Rs 18,450 crores.
Company : VedantaJSW Steel
OCL Iron and Steel
Orissa Thermal Energy
Recent News
◉ PennWhite to build a new manufacturing plant in India - Apr 02,2025◉ Vedanta to set up aluminium park in Odisha's Jharsuguda - Apr 02,2025
◉ Solar Energy Corporation of India issues LoA for Tranche-II Green Hydrogen project - Apr 02,2025
◉ NHPC Ltd to soon resume investment work of Kuppa Pumped Storage Project - Apr 02,2025
◉ AP Minister Nara Lokesh lays foundation stone for Rs135 crore CBG plant by Reliance - Apr 02,2025
◉ Inox Air Products commissions green hydrogen plant at Asahi India’s Soniyana - Apr 02,2025
◉ KP Green Engineering secures Rs. 756.40 crore orders across multiple sectors - Apr 02,2025