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BHUBANESWAR: The state government on Wednesday cleared investment projects worth Rs 6,443 crore including some expansion projects in diverse sectors which will generate around 4,700 jobs.
The high-level clearance authority (HLCA) led by chief minister Naveen Patnaik that generally approves individual investment projects of more than Rs 1,000 crore cleared three projects while the state-level single window clearance authority (SLSWCA) led by chief secretary Suresh Chandra Mahapatra gave its nod to five projects with individual investment potential of less than Rs 1,000 crore.
Among the approved projects include expansion of Yazdani Steel and Power Limited’s integrated steel plant at Kalinganagar in Jajpur district from existing Rs 0.07 million tonne per annum (mtpa) to 1.19 mtpa. The Odisha-based company has planned to invest Rs 2415 crore in the expansion project which will create additional employment opportunities for 2867 persons, said an official communication.