Odisha Secures ₹53,894 Crore Investment Proposals at India Chem 2026 Led by NLC India’s ₹37,000 Crore Power and Minerals Plan, L&T’s ₹8,100 Crore and Paradeep Phosphates’ ₹4,750 Crore
Odisha attracted investment proposals worth about ₹53,894 crore during its two-day outreach at India Chem 2026 in Mumbai, which ended on Friday. The proposals comprise nine MoUs worth ₹51,443.51 crore and four investment intents worth ₹2,450 crore. They cover chemicals, power, metal downstream, textiles and apparel, and agro-processing, and are expected to generate 20,210 jobs.
NLC India accounts for the largest share, with a proposed investment of ₹37,000 crore in power and minerals projects. Larsen & Toubro (L&T) has proposed ₹8,100 crore, and Paradeep Phosphates Ltd has proposed ₹4,750 crore in the chemicals sector. Chief Minister Mohan Charan Majhi invited L&T to expand its manufacturing footprint in Odisha and explore chemicals, petrochemicals, engineering and technology. The company already has a presence at Kansbahal.
In textiles, Shivaraj Spinning Mills Pvt Ltd signed an MoU for ₹200 crore with employment potential of 5,000, and Bodycare proposed ₹250 crore with potential for 4,000 jobs. Greenply Industries signed an MoU for a proposed ₹350 crore investment in agro-processing.
The four investment intents include ₹1,000 crore from an agro-processing company (not named in the source), ₹850 crore from JSW Dulux in chemicals, ₹500 crore from Ellora PEB and ₹100 crore from Apar Industries in metal downstream.
The chief minister also met Posco India and JSW representatives. The discussions reviewed the proposed 5 million tonne steel plant by the JSW-Posco joint venture, with an investment of ₹35,000 crore. JSW chairman Sajjan Jindal briefed him on a ₹7,500 crore expansion of the JSW steel mill in Sambalpur, which currently operates a 4.5 million tonne integrated steel plant in collaboration with JFE Steel Ltd.
