Odisha HLCA Approves 20 Investment Proposals Worth ₹76,611.86 Crore Across Steel, Green Energy and Rare Earth Sectors
The 45th meeting of Odisha's High-Level Clearance Authority (HLCA), chaired by Chief Minister Mohan Charan Majhi, approved 20 major investment proposals worth ₹76,611.86 crore on June 17, 2026. The projects are expected to create 50,517 jobs across nine districts and cover sectors such as gemstone manufacturing, green energy equipment, aerospace and defence, rare earth minerals, pharmaceuticals, capital goods, chemicals, steel, iron and ferro alloys.
Key investments include ₹9,817.5 crore for lab-grown diamond manufacturing, ₹11,709.81 crore in solar PV and wafer manufacturing, and ₹6,450 crore in rare earth magnet and titanium products. The steel and ferro alloys sector received the largest share, led by Rashmi Metallurgical's ₹15,000 crore integrated steel plant in Jajpur. Other notable projects include railway coach manufacturing, pharmaceuticals, pumped storage hydropower, thermal power generation, and aluminium downstream products, strengthening Odisha's industrial growth, clean energy ecosystem, advanced manufacturing capabilities, and employment generation.