Government of Odisha Gives Green Light To Projects Worth INR 1.53L Cr
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Government of Odisha Gives Green Light To Projects Worth INR 1.53L Cr

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Government of Odisha Gives Green Light To Projects Worth INR 1.53L Cr

CEOInsights Team, 0

An official said that the Odisha government approved nine investment projects worth Rs.1.53 lakh crore on Thursday, including a Rs.38,000 crore proposal from Arcelor Mittal Nippon Steel (AMNS) India. Odisha's highlevel clearance authority(HLCA), led by Chief Minister Naveen Patnaik, has approved these projects, which will employ over 27,000 people in the state. The HLCA has approved four projects in the green energy and equipment sector, two in the paper industry, two in the metals and minerals sector, and one in the IT infrastructure sector. The project intents were received at 2022 Make in Odisha Conclave.

According to officials, officials approved Arcelor Mittal's proposal to build a 7 million tonne per annum (MTPA) steel plant in Odisha's Jagatsinghpur district. This project is expected to generate 11,000 new job opportunities. Similarly, the state has approved Rungta Metals (RMPL)
proposal to expand its integrated steel plant in Rairangpur, Mayurbhanj district, from 0.5 MTPA to 1 MTPA with an investment of Rs.1,140 crore. The committee approved ACME Clean Energy proposal,which included an investment of Rs.58,209 crore. The company plans to build a green hydrogen plant and a green ammonia plant with a combined capacity of 1.1 million metric tonnes in Kujanga, Jagatsinghpur district, as well as 4,500 MW solar power plants in Koraput and Kalahandi. The state has also approved Avaada Green H2 proposal in the Ganjam district, which promises a Rs.23,500 crore investment.

Officials Approved Arcelor Mittal's Proposal To Build A 7 Million Tonne Per Annum (MTPA) Steel Plant In Odisha's Jagatsinghpur District


Renew EFuels (REFPL) will invest Rs.20,000 crore in the other green energy project, and Ocior Energy will invest Rs.7,200 crore. Bank Note Paper Mill India and Deevyashakti India also received approval from the CM-led panel. Bank Note Paper Mill India, a joint venture of the government of India and the Reserve Bank of India, will invest Rs.2,500 crore in the establishment of a banknote paper unit in Balasore. Deevyashakti India, on the other hand, proposed establishing an integrated pulp and paper mill in Dhenkanal at the cost of Rs.1,000 crore.