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Government of Odisha approves 3 Investment proposals worth Rs 6923.26 crore

The three projects with proposed investment of Rs 6923.26 crore and employment potential of 4638 persons were cleared at the meeting of High-level Clearance Authority

Bhubaneswar, 2nd March 2020: The Government of Odisha continues to propel employment opportunities and boost industrialization in the state by according its approval to three investment proposals worth Rs 6923.26 crore which will create 4638 new jobs.

At the 22nd High Level Clearance Authority (HLCA) meeting held under the Chairmanship of Chief Minister Shri Naveen Patnaik in the Conference hall in Kharavela Bhawan today, further strengthened the predominance of the state in the core sectors of steel, aluminum, thermal power by approving a proposal each in those sectors.

The HLCA approved the proposal of M/s. Thriveni Earthmovers Private Ltd. for setting up 30 MTPA Beneficiation plant in two phases at- Deojhar, District- Kenonjar with a total investment of Rs. 1426.75 crore providing employment to about 884 people.

It also approved the proposal of M/s Thriveni Earthmovers Private Ltd. for expansion of pellet plant capacity of 24 MTPA pellet plant in three phases, located at: Bhitargarh City: Paradip with additional investment of Rs. 3396.51 crores providing additional employment of 954 people. 

The proposal of M/s Orissa Metaliks Private Limited for setting up of a 1.2 MTPA Integrated Steel Plant along with 225MW CPP at- Nayagarh, District - Keonjhar with a total investment of Rs. 2100 crore providing employment of 2800 people was also approved by HLCA.

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